The Fraser Centre: Penn State University

The Fraser Centre, a co-­development project between Real Estate Capital Management (“RECM”) on behalf of Fraser Centre Investors LP (“FCI”) and Brickbox Enterprises (“Brickbox”), represents the most impactful and prominent development that State College, Pennsylvania has seen in the past 30+ years. The development team, a diverse mix of graduates from the local University, had not seen a plot of land for sale in the Downtown area since their enrollment in 1984. In 2013, a 1-­acre parking lot went up for sale and these same alumni could not pass on the opportunity. The trendsetting development of the Fraser Centre was the catalyst for a new renaissance of high-­end development in the Downtown State College market. The building, a 265,000-­sf commercial mixed-­use development containing retail, a hotel, luxury residential condominiums, and a Restaurant/Bar space. The 13-­story high Fraser Centre would be 65 feet higher than any other building in the downtown area, and is located just one block away from both of the University’s campuses, as well as the main Residential and Student Housing corridors. This premium location perfectly complements the three main uses of the building.