Location change for new student housing building at YSU

YOUNGSTOWN — Construction on The Flats at Wick student housing complex on the north side of Youngstown State University will still start this spring — but the location of the first of four proposed buildings has been changed.

Developer US Campus Suites LLC had planned to put the first 115-bed apartment building on the southwest corner of the project site bounded by Elm Street on the west, Madison Avenue on the north, Bryson Street on the east and an expressway service road on the south.

That plan involved leasing about one acre from YSU for $110,000 for 40 years, followed by a 20-year extension at a fee of $220,000. The building would belong to the university at the end of that lease period.

The lease was negotiated with Dominic Marchionda, president of US Campus Suites, and the YSU Board of Trustees approved the arrangement in February.

Phase one of the $28 million, 450-bed, four-building project, carries a cost of $7.5 million, and Marchionda said KeyBank is providing that financing.

For the complete story, see Tuesday’s Vindicator and Vindy.com