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Square at Falling Run Student Housing Development
20 Falling Run Road, Morgantown, WV 26505
N/A
34 AC
Land
Multifamily (land)
PUD
- Electricity/Power
- Water
- Telephone
- Cable
- Gas/Propane
-
Last Verified 7/6/2009
Listing ID 16303524
1 Lot
Lot 1
N/A
34 AC
Multifamily (land)
Description
Student Housing/Mix Use Development For Sale/JV. A proposed mixed use development within a 34 acre fully zoned PUD, adjacent to the WVU main campus in Morgantown, WV. The site shares ingress/egress with the campus and is within steps of the student center and classes.
When completed, the proposed Town Square complex will be the focal point of the downtown WVU campus, offering students and residents unparalleled access to the downtown campus, abundant parking, first class shopping and housing.
The project is receiving support and funding from the state, the city and WVU, including the issuance of $30 million in TIF bond proceeds to fund the project, and the return to the project of B&O tax proceeds from construction, a $5 million award from the WV Economic Grant Committee to fund the land acquisition for the parking garage, and an agreement from the university to sell land for the development of the Square.
Enrollment at WVU for the 2008 fall semester was 28,100, an increase of approximately 600 students marking the 7th consecutive record enrollment at the state's flagship university.
The site is adjacent to the West Virginia University downtown campus.
Map of 20 Falling Run Road, Morgantown, WV 26505 (Monongalia County)
Created 7/2/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.