11 Lafayette Street
St. Marys, PA  15857
(814) 781-1718

Impact St. Marys Project Description


 

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 Pennsylvania. The following initiatives are being developed following the guidelines of the Downtown Blueprints.  Due to its central location, Downtown St. Marys is surrounded by people living in proximity to Downtown, who enjoy the convenience of being able to walk or drive a short distance to the heart of Downtown St. Marys. These local residents will always be extremely important customers and clients of Downtown.  In addition, maximizing the enjoyment of the visiting tourists will create new business opportunities as well as increasing the importation of dollars to the community through tourism. The expected total IMPACT ST. MARYS project investment will be $36,049,000 million.

 

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 Elk Creek Park, a new Sheetz Convenient Store, and several new residential and commercial space locations. Canadensis Associates was created to construct and operate a retail space at 74 Erie Avenue, St. Marys, PA.  The project includes 42,084 total square foot building area, of which 28,734 square foot will be new construction and 13,350 square feet will be rehabilitated space.

 

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.

 


Marien Stadt Place - Elderly Housing Tax Credit Project – Almost Complete

 

Marien Stadt Place is located at 72 Erie Avenue in St. Marys, Elk County Pennsylvania. The 3-story building will have 24 one and two bedroom units.  Each unit will have approximately 620 square feet and all the units are designed to be handicap adaptable.  The Building will be a total of 24,795 square feet and will contain a Community room for use by both the tenant and the senior center, sitting areas.

 

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 Marien Stadt Place and Marienstadt Haus.    With these new housing units and almost all city services within walking distance of the proposed site and the proposed redevelopment of this entire area of downtown, the site is well situated and well suited for additional parking space.

 

On July 24, 2006, Governor Edward G. Rendell said “The commonwealth is investing $4 million to help complete an essential component of the ‘Impact St. Marys Revitalization Project,’ a multi-faceted plan that will breathe new life into this Elk County community.”

 

“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 Pennsylvania. Total investments in the project could potentially reach $35 million.

 

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 Elk Creek Park, creating the only green space area downtown through which Elk Creek will flow. Once completed, visitors will also find a pavilion, trails and restroom facilities.

 

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 Elk County since 2003.

 

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 Propose Buildings will be developed into Elk Creek Park.  In the City of St. Marys there are very little green space and none with Elk Creek running through it.  In addition to the green area, additional improvements include volley ball and basketball courts, horseshoe pits, a pavilion, and restroom facilities will be constructed.  A partial trail will be developed and actions will be taken to connect this trail to the Rails and Trails system within the area.  Currently, the stream is lined by old foundations and upon completion; the stream band will be restored to its natural condition.  Access to the park will be from the sidewalk along Depot Street or through the parking garage.  This will add an esthetic quality to the area as well as assist in managing the creek as it flows through the City of St. Marys.  The feasibility study has been be funded by DCNR, and the City of St. Marys will be applying for a Growing Greener grant and funding from DCNR to finance the development of this recreational project.

 

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 South Michael Street one block to the south from the Depot Street project. 

 


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 6/22/07)

$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

Sources and Uses of Funds

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 74 Erie Avenue, St. Marys, PA.

 

HOME Application Sources and Uses of Funds

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

 

Building PA – St. Marys Apartments Sources and Uses of Funds

 

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

 

Parking Deck Sources and Uses of Funds

 

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

Commonwealth Of Pennsylvania (Budget Allocation)

$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 St. Marys CDBG

$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.

 

 

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