NEW STUDENT HOUSING COMMUNITY TO BE BUILT IN STATEN ISLAND

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STATEN ISLAND, N.Y. — American Campus Communities has started construction on a 133-room student housing community on the College of Staten Island campus. The 172,000-square-foot College of State Island Residences will include two L-shaped buildings. Building amenities will include la
undry facilities, a resident mailroom and fitness center. The New York Housing Development Corp. issued $65.8 million in bonds to finance the project. Occupancy is slated for the fall of 2013.

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