Atlantic Ave
Atlantic Ave, Milroy, PA 17063
Marketing description
Shalamar Gardens - Phase two (2) is a fully approved, shovel-ready residential development opportunity for ±80 units (40 duplexes). The site benefits from significant upfront improvements, including installed stormwater infrastructure and utilities brought directly to the development, representing approximately $1.5 million in completed work. The NPDES permit, issued in 2023 and valid through 2028, further reduces entitlement risk and accelerates timing to construction.
As an extension of the established 57-unit Phase one (1) community, the project offers a proven product in a market supported by strong demand drivers, including proximity to State College and Penn State University. Phase two (2) provides a streamlined path to deliver new housing in a supply-constrained market with demonstrated performance.
Investment highlights
- Fully approved, shovel-ready ±80 Units (40 Duplexes)
- NPDES Permit issued 2023, valid through 2028
- ~$1.5M in site improvements completed
- Utilities to site, including electric, water, sewer
- Stormwater infrastructure in place
- Expansion of proven 57-unit community
- Established rental demand on-site
- Minutes to State College & Pennsylvania State University
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