A new mixed-use building could bring a condominium hotel and commercial space to a corner lot in downtown State College.

A preliminary land development plan submitted to the borough this month includes a nine-story building proposed for 321 W. Beaver Ave., at the corner of South Atherton Street and West Beaver Avenue. The existing building on the property, which would be demolished, is currently home to BioLife Plasma Services.

The new 95-foot-tall building would have 4,760 square feet of ground-floor commercial space and a 72-room condo hotel featuring two- and three-bedroom luxury units with balconies on the upper eight floors. Condo units range from 1,058 to 1,860 gross square feet.

Condo hotels typically offer units that are sold to individual investors, often as vacation properties, and are rented by the hotel operator as hotel rooms when not in use by the owners. 

“In lieu of a traditional hotel with a single owner, shareholders or investors, this building will be legally developed as a condominium such that all of the hotel suites and commercial units will be sold to individual investors,” a project narrative submitted by the developer to the borough states. “The hotel suites will be part of the hotel’s inventory to be rented to the public and operated by a single hotel management company.”

Individual unit owners will be part of a condo association, will not be permitted to use their units as permanent residences and can only rent them through the established program operated by the hotel management company. 

The hotel management company will be responsible for “general operations, marketing and branding, reservations, staffing for the lobby and front desk, concierge services, housekeeping, etc.,” according to the narrative.

Plans for the proposed building include 72 parking spaces, with 26 at ground level behind the building and 46 in an underground garage. The rooftop will have a 4,000-square-foot terrace with seating and “passive amenities.”

The three parcels that constitute the 0.61-acre 321 W. Beaver Ave. property have been owned by Haugh Realty Incorporated since 1956, according to county records. The property has been listed for sale for about a year at a price of $14.9 million.

Plans for the development were submitted by PVE, LLC of Sewickley.

The plan is scheduled for review by the State College Design Review Board on February 6 and the Planning Commission on February 7.

If approved and completed, it would be the second new hotel in downtown State College in the coming years. The State College Town Centre project on the 200 block of South Allen Street will include a 161-room Canopy by Hilton Hotel, which is expected to open in early 2026. 

At least five other hotels are in various stages of planning or development in Centre County. 

A 101-room Holiday Inn on Dreibelbis Street in College Township has been under construction in fits and starts since 2020. The long-delayed Bellefonte Waterfront project, which is slated to include a 60-room boutique hotel, might begin construction this year. A 98-room Tru by Hilton is planned for the Benner Pike in Benner Township, and nearby a yet-to-be-named 107-room hotel has been proposed along Amberleigh Lane and Benner Pike.

Plans for an unnamed four-story hotel with 96 guest rooms along Fox Hill Road near State College Regional Airport also were recently submitted to Patton Township.