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A State College developer on Monday night detailed plans for a proposed affordable housing project on South Atherton Street that has drawn concerns from neighboring residents over its encroachment on an adjacent public park.
Progress Development Group, an affordable housing-focused subsidiary of HFL Corporation, is looking to acquire 1306 S. Atherton St., the former location of RBR Recumbent Bicycles, and construct the 36,000-square foot, four-story Parkland Apartments building with 26-units priced for renters based on state and federal income guidelines, HFL Executive Vice President Ara Kervandjian said during Monday’s borough council meeting.
To do so, PDG has proposed a long-term lease with the borough to use “a crucial and necessary portion of Nittany Village Park,” which sits directly behind the Atherton Street property.