Kildare’s Irish Pub served its last drink.
The company announced Friday on its Facebook page that it closed due to construction of a mixed-use collegiate housing project.
“Unfortunately, due to construction beginning we have had to close earlier than expected effective immediately so demolition can begin on our building,” the Facebook post said. “We have loved being here with you for the last 5.5 years, Penn State. You are an amazing group of charitable, smart and incredibly fun people and we are grateful to have served you. We are...going to miss you all.”
Kildare’s general manager Lincoln Stuyvesant told the Centre Daily Times in November that the pub’s lease ran into 2017. He believed that they would stay at 538 E. College. Ave. through at least 2016.
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The prime real estate on the east side of downtown State College was sold for $7.5 million to Chicago developers that will build a 12-story structure. CA Student Living bought the property from Jeff Haas, who advocated for collegiate housing overlay projects to be developed on the 500 block of East College Avenue. The company specializes in investment, development and management in student housing.
The developers could reach the maximum height allowed — which was 65 feet until July 6 — if they design a building with commercial space on the first floor, two floors of mixed graduate and professional housing. They also would have to draw up sustainable features that meet the Leadership in Energy and Environmental Design standards.
Haas told the CDT in an email he wanted to develop the property, but couldn’t pass up CA Student Living’s offer.
“It was always our intention to develop the property,” he said. “After the collegiate housing overlay was approved we were contacted by CA Student Living. (Due to) the combination of the financial opportunity and that CA shared our vision for a high quality multi-use building for the property we thought it was in our best interest and the best interest of the State College borough for continued downtown development of high quality, multi-use buildings ... to sell the property.”