State College’s new high-rise isn’t built yet but has million-dollar listings available
AI-generated summary reviewed by our newsroom.
- Nittany Residence Club lists multimillion-dollar units before 2027 opening.
- Owners may rent out units short-term; full-time residency is prohibited.
- Hotel revenue supports Penn State NIL group; owners gain exclusive access.
One of State College’s newest high-rises isn’t built yet but it’s already accepting contracts for units in the luxury condominium-hotel that promises the “perfect blend of luxury and convenience in the heart of downtown.”
Plans for the nine-story mixed-use building with a 70-unit condominium hotel and ground floor commercial space at 321 W. Beaver Ave., where the former BioLife Plasma Services building is, were first submitted to the borough in 2024. The Nittany Residence Club units range from one to three bedrooms, with “high-end finish packages” available.
The cost? Some units, which cannot be used as a full-time residence, are more than $2 million — and some are already under agreement.
One of the most expensive units available found through a search on KBB Realtors is an eighth floor, two story unit with two bedrooms, two bathrooms and outfitted with the premier finish. Listed at $2,199,500, the 1,552-square-foot unit has a full kitchen, living space and loft, and has entrances on both the eighth and ninth floors. There is a lockable owner duplex that is accessible to the owner even when the rest of the unit is rented through the hotel program.
A sixth floor unit with a balcony overlooking the corner of South Atherton Street and West Beaver Avenue is listed with KBB for $1,999,500. The 1,427-square-foot unit includes three bedrooms and three bathrooms, and has the “signature finish package,” (which appears to be in between the classic and premiere packages), a balcony, full kitchen and living space. It has a lockable owner’s duplex that is accessible to the owner even when the rest of the unit is rented to guests through the hotel program.
Another unit on the ninth floor is listed at $1,499,500. The premier-finish unit looks out on West Beaver Avenue and is 984 square feet with two bedrooms and two bathrooms. It includes a full kitchen and lockable owner suite that is not accessible to guests renting the space through the hotel.
A fifth floor unit listed for $1,095,000, also faces West Beaver Avenue and has the same amenities with a classic finish. Other units, like a second floor unit, are nearly $800,000.
What is a condominium hotel?
Because it is a condominium-hotel, owners are not allowed to stay in their units full time. The website states although they’re able to use their unit anytime they want, they’re not able to use it as a full-time residence. When they’re not using their unit, the owner can decide to offer their unit for rent on a nightly basis, which the hotel operator handles. Participating in the rental program could help off-set some of the costs, the website states, although nothing is guaranteed.
Engineers on the project previously told the State College Borough’s planning commission many people who were interested in the property intended to use it primarily as an investment property and wouldn’t use it often.
Full-time students are not allowed to live at the Nittany Club Residence. Anyone who enters the hotel will have to go through the front desk — even the unit owners — to get a key card.
The Nittany Residence Club has a collaboration with Happy Valley United, the official NIL collective supporting Penn State student-athletes. The site states a portion of the hotel revenue will be contributed to HVU, unit owners will get a free membership to HVU and will have access to NIL events and other opportunities. The condo-hotel says it will host private meet and greet events with top Penn State athletes, as well.
The Nittany Residence Club, which had an informational booth at the Central Pennsylvania Festival of the Arts, is expected to be open in August 2027.
