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|
| 11 Lafayette Street | |
| St. Marys, PA 15857 | |
| (814) 781-1718 | |
A strategic plan
is being implemented by a community wide initiative called “IMPACT ST. MARYS”
and St. Marys is determined not to let this revitalization plan lay on the
shelf as so many other plans have done in rural
St. Marys Apartments and
Commercial Space – Canadensis Associates
Canadensis Associates is one project within a multi-phase
development called IMPACT ST. MARYS. The
total revitalization will include a parking deck, an intermodal transportation
facility, a new recreation area called
The intended use of the building will be a mixed use building with both commercial space for rent or lease, and a 26-unit rental residential space.
|
Type of Units |
# of Units |
Size of Units |
Total Size |
|
1 BR |
6 |
860 |
5,160 |
|
2 BR End |
8 |
1,176 |
9,408 |
|
2 BR Center |
2 |
1,102 |
2,204 |
|
2 BR Interior |
10 |
1,118 |
11,180 |
|
Lobby, Office, etc. |
1 |
1,102 |
1,102 |
|
Community Room, Elevator |
1 |
600 |
600 |
|
Total |
28 |
|
29,654 |
|
|
|
|
|
|
Tenant Space #1 |
1 |
600 |
600 |
|
Tenant Space #2 |
1 |
7,230 |
7,230 |
|
Tenant Space #3 |
1 |
3,000 |
3,000 |
|
Tenant Space #4 |
1 |
1,600 |
1,600 |
|
Total |
4 |
12,430 |
12,430 |
|
|
|
|
|
|
Grand Total |
|
|
42,084 |
Marienstadt Haus - Single
Family Housing Choice Project – To Be Developed
This project will involve the construction of 23 Two Story, 3-Bedroom units, 2 One Story, 2-Bedroom units, and 19 One Story Commercial Units. The Commercial Space will be located on the first floor level of the structure in 19 of the units. The commercial space will provide 593 square footage of working area and will include a work room, an office, and a one-half bathroom.
There will be two 2-Bedroom units that will provide H/C accessible units and will be located on the first floor level. Each of these units will have 1,186 square foot of living space with a living room, kitchen/dining room and a full H/C accessible bathroom. In addition, the unit will have a pantry and a mechanical room accessible from the kitchen, and a washer and dryer closet accessible from the hallway.
There will be twenty-three 3-Bedroom units that will be located on the second, third and fourth floor levels. Each of these units will have 1,582 square foot of living space with a living room, kitchen and dining room on the second level with a pantry and a mechanical room accessible from the dining room. The third floor level will include two bedrooms, a full bath, and a washer and dryer closet accessible from the bathroom. The fourth floor will provide space for the third bedroom. Of the 25 units, 11 units will be dedicated for use by individuals and families that have an income under 80% of the county’s median household income.
Approximately 39% of the elderly, aged 62 and older are paying in excess of 30% of their income for non-subsidized housing and utilities in St. Marys. Marien Stadt Place will offer 17% of the units at 20% of the median income; 4% of the units at 40% of the median income 46% of the units at 50% of the median income; and 33% of the units will be offered at 60% of the median income.
St. Marys has been a community in transition over the last 20 years with very little construction making the housing market for elderly extremely tight. The community will benefit from this housing by providing the elderly from St. Marys and the surrounding smaller communities with much needed low-income housing. The elderly will have the opportunity to sell their existing homes, allowing them to enjoy the freedom of low maintenance living. The younger families, who do not wish to leave the area, will have the opportunity to purchase the existing homes, thus creating both a community and monetary benefit to the residents and merchants of St. Marys, as well as adding to the greater tax base of the community.
Parking Garage
Depot Street is a quiet street
with very little traffic with a large amount of project site frontage. The parking garage will be constructed south
of
On
“We continue to make investments
in communities like St. Marys to bolster economic growth and to improve the
quality of life of our residents,” Governor Rendell said. “This comprehensive
‘Impact St. Marys’ plan will not only include housing, but also enhancements to
parks, trailways and transportation facilities.”
Governor Rendell presented Mayor
Sally Geyer with a check for $4 million to help the city complete construction
on a three-level, 321-space parking garage on the site of an old industrial
building and surface parking lot. Local developers hope the garage will serve
as a transportation hub for other regional destinations.
‘Impact St. Marys’ is an ambitious
plan being undertaken by the city, the local parking and redevelopment
authorities, and Impact
The project will help transform
downtown St. Marys. It includes plans for a 24-unit apartment complex that will
offer affordable housing for older adults. A proposed Pennsylvania Housing
Finance Authority Homeownership Choice project will also help the downtown area
by attracting new residents and sparking additional business development.
The plan also includes green
space. Planners expect to transform a tract of land near the garage into
The investment announced by
Governor Rendell was made through the state’s Redevelopment Capital Assistance
Program and the Growing Greener II initiative. With today’s announcement, the
commonwealth has invested nearly $76 million in
Intermodal Transfer Point - ATA
The visiting tourists want to see the Elk herds as they come out of the woods to viewing areas along the highways. The highways are narrow and there is a lack of parking areas to make this activity safe and as enjoyable as it could be. Creating an intermodal transfer point in St. Marys would allow visitors to park their cars and board buses that would then drive them to established viewing points and along known viewing areas. This would not only maximize the enjoyment of the activity, but in turn create new local tourist opportunities for local businesses. The Intermodal Transfer Point will take one-half of the first level on the parking garage and will have a higher ceiling level to provide access to buses to enter the facility. There will be five buses owned and operated by the Elk County Transit Authority located at this facility.
Recreation
The area to the east, south and
west of the Parking Garage and
Sheetz Convenient Store
Sheetz’s mission is "to provide fast and friendly service,
quality products in clean and convenient locations." In 1952 Bob
Sheetz founded the first Sheetz convenience store. Since then, they've grown to
over 300 locations in 6 states and plan to double their work force in the next
six years. Sheetz remains a privately owned family operated business and has
earned the title of industry leader.
Sheetz has built a store in St. Marys along
St. Marys Funding
List
|
Project Name |
Funding Program |
Funds Needed |
When Needed |
Explanation |
|
St. Marys Apartments (Canadensis Associates is the Owner) |
HOME (originally
submitted 09/06 and revised |
$500,000 |
Urgently Needed Now |
This was originally applied for as part of the Marien Stadt Haus homeownership project but with discuss with DCED it was revised to the St. Marys Apartments |
|
St. Marys Apartments (Canadensis Associates is the Owner) |
HRA Single Application No. 200609141539 (originally
submitted 09/06 and $150,000 was written 3/07) |
$500,000 ($150,000 was committed from 2007 funds and $350,000 is needed from 2008 funds) |
Urgently Needed Now |
This was originally applied for as part of the Marien Stadt Haus homeownership project but with discuss with DCED it was revised to the St. Marys Apartments |
|
St. Marys Apartments (Canadensis Associates is the Owner) |
Building PA (Submitted 01/07) |
$1,250,000 |
Now |
Funding is being considered by the CFA |
|
Parking Garage |
RACP |
$4,000,000 |
Committed |
|
|
Parking Garage |
Growing Greener II Single Application No. 200701231148 (Submitted 01/07) |
$1,500,000 |
Now |
No word has been issued on the grant approval status |
|
Parking Garage |
Site Development Funds |
$350,000 |
Now |
This is being worked on with Scott Dunkleberger |
The HOME, HRA, and Building PA Sources and Uses of Funds
will be a mirror image of each other because they are to improve the site at
|
Type of
Financial Assistance |
Building PA Funds $1,230,000 |
Omega Bank |
Limited Partner Equity $1,250,000 |
General Partner Equity $104,886 |
HOME Funds $500,000 |
HRA Funds $500,000 |
$5,034,886 |
|
|
|
|
|
|
|
|
|
|
|
|
ACQUISITION |
|
|
|
|
|
|
|
|
|
Land |
$0 |
$0 |
$400,000 |
$0 |
$0 |
$0 |
$400,000 |
|
|
Buildings |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Subtotal |
$0 |
$0 |
$400,000 |
$0 |
$0 |
$0 |
$400,000 |
|
|
GENERAL CONSTRUCTION |
|
|
|
|
|
|
|
|
|
New Construction |
$1,230,000 |
$1,344,869 |
$824,620 |
$104,886 |
$0 |
$0 |
$3,504,375 |
|
|
Construction Contingency |
$0 |
$105,131 |
$0 |
$0 |
$0 |
$0 |
$105,131 |
|
|
Site
Cleanup |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Subtotal |
$1,230,000 |
$1,450,000 |
$824,620 |
$104,886 |
$0 |
$0 |
$3,609,506 |
|
|
RELATED COSTS |
|
|
|
|
|
|
|
|
|
Omega Loan
Origination Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$37,000 |
$37,000 |
|
|
Construction
Loan Origination Fee |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Architectural Design |
$0 |
$0 |
$0 |
$0 |
$157,697 |
$0 |
$157,697 |
|
|
Architectural Administration |
$0 |
$0 |
$0 |
$0 |
$52,566 |
$0 |
$52,566 |
|
|
Survey and Engineering |
$0 |
$0 |
$0 |
$0 |
$0 |
$3,500 |
$3,500 |
|
|
Appraisal |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,000 |
$2,000 |
|
|
Market Study |
$0 |
$0 |
$0 |
$0 |
$0 |
$6,500 |
$6,500 |
|
|
Developers
Fees and Expenses |
$0 |
$0 |
$20,836 |
$0 |
$217,193 |
$271,423 |
$509,452 |
|
|
Insurance |
$0 |
$0 |
$0 |
$0 |
$0 |
$9,000 |
$9,000 |
|
|
Environmental Assessment |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,100 |
$2,100 |
|
|
Furnishings |
$0 |
$0 |
$0 |
$0 |
$0 |
$15,000 |
$15,000 |
|
|
Legal Costs |
$0 |
$0 |
$0 |
$0 |
$7,500 |
$0 |
$7,500 |
|
|
Title & Recording Costs |
$0 |
$0 |
$0 |
$0 |
$0 |
$16,890 |
$16,890 |
|
|
Interest |
$0 |
$0 |
$4,544 |
$0 |
$35,044 |
$85,287 |
$124,875 |
|
|
Taxes |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,500 |
$2,500 |
|
|
Administration and Audit Cost |
$0 |
$0 |
$0 |
$0 |
$30,000 |
$0 |
$30,000 |
|
|
Subtotal |
$0 |
$0 |
$25,380 |
$0 |
$500,000 |
$451,200 |
$976,580 |
|
|
OTHER |
|
|
|
|
|
|
|
|
|
Packing Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$30,000 |
$30,000 |
|
|
Copying Costs |
$0 |
$0 |
$0 |
$0 |
$0 |
$6,500 |
$6,500 |
|
|
CFA Loan Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$12,300 |
$12,300 |
|
|
Subtotal |
$0 |
$0 |
$0 |
$0 |
$0 |
$48,800 |
$48,800 |
|
|
TOTAL |
$1,230,000 |
$1,450,000 |
$1,250,000 |
$104,886 |
$500,000 |
$500,000 |
$5,034,886 |
|
Type of
Financial Assistance |
Building PA Funds $1,230,000 |
Omega Bank |
Limited Partner Equity $1,250,000 |
General Partner Equity $104,886 |
HOME Funds $500,000 |
HRA Funds $500,000 |
$5,034,886 |
|
|
|
|
|
|
|
|
|
|
|
|
ACQUISITION |
|
|
|
|
|
|
|
|
|
Land |
$0 |
$0 |
$400,000 |
$0 |
$0 |
$0 |
$400,000 |
|
|
Buildings |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Subtotal |
$0 |
$0 |
$400,000 |
$0 |
$0 |
$0 |
$400,000 |
|
|
GENERAL CONSTRUCTION |
|
|
|
|
|
|
|
|
|
New Construction |
$1,230,000 |
$1,344,869 |
$824,620 |
$104,886 |
$0 |
$0 |
$3,504,375 |
|
|
Construction Contingency |
$0 |
$105,131 |
$0 |
$0 |
$0 |
$0 |
$105,131 |
|
|
Site
Cleanup |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Subtotal |
$1,230,000 |
$1,450,000 |
$824,620 |
$104,886 |
$0 |
$0 |
$3,609,506 |
|
|
RELATED COSTS |
|
|
|
|
|
|
|
|
|
Omega Loan
Origination Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$37,000 |
$37,000 |
|
|
Construction
Loan Origination Fee |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Architectural Design |
$0 |
$0 |
$0 |
$0 |
$157,697 |
$0 |
$157,697 |
|
|
Architectural Administration |
$0 |
$0 |
$0 |
$0 |
$52,566 |
$0 |
$52,566 |
|
|
Survey and Engineering |
$0 |
$0 |
$0 |
$0 |
$0 |
$3,500 |
$3,500 |
|
|
Appraisal |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,000 |
$2,000 |
|
|
Market Study |
$0 |
$0 |
$0 |
$0 |
$0 |
$6,500 |
$6,500 |
|
|
Developers
Fees and Expenses |
$0 |
$0 |
$20,836 |
$0 |
$247,193 |
$271,423 |
$539,452 |
|
|
Insurance |
$0 |
$0 |
$0 |
$0 |
$0 |
$9,000 |
$9,000 |
|
|
Environmental Assessment |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,100 |
$2,100 |
|
|
Furnishings |
$0 |
$0 |
$0 |
$0 |
$0 |
$15,000 |
$15,000 |
|
|
Legal Costs |
$0 |
$0 |
$0 |
$0 |
$7,500 |
$0 |
$7,500 |
|
|
Title & Recording Costs |
$0 |
$0 |
$0 |
$0 |
$0 |
$16,890 |
$16,890 |
|
|
Interest |
$0 |
$0 |
$4,544 |
$0 |
$35,044 |
$85,287 |
$124,875 |
|
|
Taxes |
$0 |
$0 |
$0 |
$0 |
$0 |
$2,500 |
$2,500 |
|
|
Contingency Fund |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
Subtotal |
$0 |
$0 |
$25,380 |
$0 |
$500,000 |
$451,200 |
$976,580 |
|
|
OTHER |
|
|
|
|
|
|
|
|
|
Packing Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$30,000 |
$30,000 |
|
|
Copying Costs |
$0 |
$0 |
$0 |
$0 |
$0 |
$6,500 |
$6,500 |
|
|
CFA Loan Fees |
$0 |
$0 |
$0 |
$0 |
$0 |
$12,300 |
$12,300 |
|
|
Subtotal |
$0 |
$0 |
$0 |
$0 |
$0 |
$48,800 |
$48,800 |
|
|
TOTAL |
$1,230,000 |
$1,450,000 |
$1,250,000 |
$104,886 |
$500,000 |
$500,000 |
$5,034,886 |
|
HARD
CONSTRUCTION COSTS |
||||||||
|
USES OF FUNDS |
|
|
|
|
||||
|
ITEM |
AMOUNTS |
Matching
Funds |
Non-Matching
Funds |
Total |
||||
|
EXCAVATION |
$48,900 |
|
|
|
||||
|
PILING/CAISSONS |
$130,000 |
|
|
|
||||
|
CONC. FDN MAS |
$220,000 |
|
|
|
||||
|
CONC. FDN STEEL |
$0 |
|
|
|
||||
|
SITE UTILITY RELOCATION |
$35,900 |
|
|
|
||||
|
MASONRY |
$115,000 |
|
|
|
||||
|
STREET IMPROVEMENTS |
$0 |
|
|
|
||||
|
STEEL/DECK (ERECT) |
$989,000 |
|
|
|
||||
|
CONC. SLABS (DECK) |
$620,000 |
|
|
|
||||
|
METAL STAIRS |
$40,000 |
|
|
|
||||
|
ROOFING |
$67,800 |
|
|
|
||||
|
DOOR FRAME HARD |
$14,500 |
|
|
|
||||
|
GUARD RAIL |
$50,000 |
|
|
|
||||
|
METAL SIDING |
$56,790 |
|
|
|
||||
|
PAINTING |
$187,900 |
|
|
|
||||
|
ELEVATOR |
$45,680 |
|
|
|
||||
|
PLUMBING |
$78,900 |
|
|
|
||||
|
HEATING |
$0 |
|
|
|
||||
|
ELECTRICAL |
$392,000 |
|
|
|
||||
|
ROUGH GRADE/BACKFILL |
$0 |
|
|
|
||||
|
SITE CONCRETE, SOG |
$0 |
|
|
|
||||
|
LINE PAINT/SIGN |
$12,500 |
|
|
|
||||
|
SEALANTS |
$23,450 |
|
|
|
||||
|
CLEANUP/PUNCHLIST/GC |
$21,000 |
|
|
|
||||
|
BONDS AND INSURANCE |
$24,560 |
|
|
|
||||
|
TOTAL HARD CONSTRUCTION COST |
$3,173,880 |
$0 |
$0 |
$3,173,880 |
||||
|
|
|
|
|
|
||||
|
|
|
|
|
|
||||
|
SOFT COSTS |
||||||||
|
|
RACP |
Matching
Funds |
Non-Matching
Funds GG and SDF |
Total |
||||
|
Architectural Design |
$0 |
$0 |
$375,000 |
$375,000 |
||||
|
Architectural Admin. |
$0 |
$0 |
$127,600 |
$127,600 |
||||
|
Admin Redevelopment
Authority |
$0 |
$0 |
$0 |
$0 |
||||
|
Legal (Redevelopment
Authority) |
$0 |
$0 |
$25,000 |
$25,000 |
||||
|
Capitalized Reserve |
$0 |
$0 |
$0 |
$0 |
||||
|
Development Costs &
Expenses |
$0 |
$0 |
$320,000 |
$320,000 |
||||
|
Acquisition Costs |
$826,120 |
$519,380 |
$1,002,400 |
$2,347,900 |
||||
|
Utility Relocation Costs |
$0 |
$0 |
$0 |
$0 |
||||
|
Capitalized Interest
Reserved |
$0 |
$203,420 |
$0 |
$203,420 |
||||
|
|
|
|
|
$0 |
||||
|
TOTAL SOFT COSTS |
$826,120 |
$722,800 |
$1,850,000 |
$3,398,920 |
||||
|
|
|
|
|
|
||||
|
|
TOTAL GARAGE |
TOTAL MATCH |
|
Total Construction and Soft Costs |
||||
|
|
$4,000,000 |
$722,800 |
$1,850,000 |
$6,572,800 |
||||
|
|
|
|
|
|
||||
|
SOURCE OF
FUNDS |
||||||||
|
|
RCAP |
Matching
Funds |
Non-Matching
Funds |
Total |
||||
|
|
$4,000,000 |
$0 |
$0 |
$4,000,000 |
||||
|
Growing Greener II |
$0 |
$0 |
$1,500,000 |
$1,500,000 |
||||
|
Site Development Funding |
$0 |
$0 |
$350,000 |
$350,000 |
||||
|
Loan |
$0 |
$570,000 |
$0 |
$570,000 |
||||
|
City Parking Authority |
$0 |
$152,800 |
$0 |
$152,800 |
||||
|
City Of |
$0 |
$500,000 |
$0 |
$500,000 |
||||
|
PennHOMES |
$0 |
$760,000 |
$0 |
$760,000 |
||||
|
Gross Syndication |
$0 |
$2,082,430 |
$0 |
$2,082,430 |
||||
|
General Partner |
$0 |
$4,193 |
$0 |
$4,193 |
||||
|
Developer Fees |
$0 |
$72,858 |
$0 |
$72,858 |
||||
|
|
TOTAL SOURCES |
|
|
|
||||
|
|
$4,000,000 |
$4,142,281 |
$1,850,000 |
$9,992,281 |
||||
Footnote:
Marien Stadt Haus will be pursued at a later time, and
nothing should be considered pending on this project. Due to construction phasing and funding
considerations, St. Marys Apartments moved forward and the HOME and HRA funds
were discussed with DCED and it was decided to move the funds to the St. Marys
Apartments.