MHC Sold, New Owner Plans Redevelopment

centredailytimes says residents of Penn State Mobile Home Park in State College, Pennsylvania have been told by the new owner they have until next July to move their homes or they will be demolished. At a meeting Monday, Aug. 21 Centre County and human service housing assistance organizations informed residents of available resources to help them move. One resident said she was stunned by the decision but was appreciative of the human service advocates at the meeting. According to the Centre County Recorder of Deeds Office, the property was bought by the 1725 North Atherton Street Associates for $6.225 million. The property’s fair market value is shown as $2.16 million. A partner of Nicholas Enterprises and also the North Atherton Street group, Heidi Nicholas said she plans to redevelop the property, but specifics were not divulged. A mortgage agreement between Nicholas and the former owner for $5.5 million was also filed on the property. MHProNews has learned centredailytimes was asked to not attend the meeting so the new owners, who purchased the property July 30, could focus on the residents.

(Photo credit: centredailytimes/Abby Drey–Penn State Mobile Home Park)

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