WVU signs on to $70 million development in Morgantown's Sunnyside district
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West Virginia University today announced it is part of plans to develop a $70 million mixed use residential and retail complex in Morgantown's Sunnyside district.
The university today entered into a long-term lease and development agreement with Paradigm Development Group LLC for the development known as University Place.
A press release paraphrased Morgantown Mayor Jim Manilla as saying the project "should also help eliminate the street and trash bin fires, plus the celebratory riots the area has been known for."
The land for the development was acquired when the university's board of governors voted Tuesday to buy a site of more than five acres for $14.6 million.
University Place will be two multi-story buildings on three aces bounded by University Avenue, Grant Avenue, Third Street and Houston Drive.
An additional two acres will be used for parking across the street.
"This area is strategically located next to current WVU housing -- Summit and Honors Halls -- and is just a couple blocks from our Downtown Campus, making it the ideal location to enhance our housing master plan while beautifying this blighted area of our City," Narvel Weese, vice president for administration and finance, said in a written statement.
First Published October 26, 2012 11:28 am