The long-delayed Fraser Centre project could finally be poised to move forward.
Developers are expected to present a land development plan for the project Thursday before the State College Planning Commission. Gary Brandeis, one of the developers, made a similar presentation Wednesday before the borough’s Design Review Board.
Brandeis and a partner bought the property in October from Susquehanna Real Estate, the company that revived the project in 2013 and presented plans for a 12-story building with a hotel, retail and commercial space, and residential units.
Though Brandeis previously had declined to specify a timeline for the project, signs point to progress being made.
In February, the borough announced parking lots at the site would be closed because the developer was ready to start preliminary engineering. The site has sat vacant since on-again, off-again plans were first approved in 2005.
The Planning Commission will get a look at the latest iteration of the project Thursday.
Brandeis previously said the project would look similar to the one Susquehanna put forward and was approved by the Borough Council in 2013. The previous owner once said ground-breaking would start in November 2013, but the company instead sold the property to Brandeis’ group in October.
The most recent plans approved by borough officials called for a 250,000-square-foot structure at the corner of West Beaver Avenue and South Fraser Street.
The 155-foot building, facing West Beaver Avenue, would feature a 158-room hotel, 26 condominiums, retail space and a restaurant, according to those plans.
The first floor from the front of building would feature a hotel lobby and retail space. Above that would be a restaurant and hotel space. The next six floors would be hotel rooms, and the top four floors would be privately owned condominiums.
There also would be internal parking on two floors below ground level from the front of the building.
Brandeis could not be reached for comment Wednesday.