Zamagias Partners with Bethany College on New Student Housing

Jan 12, 2010, 13:30 ET from Zamagias Properties

PITTSBURGH, Jan. 12 /PRNewswire/ -- Zamagias Properties announced today it has begun the redevelopment of an existing building on the campus of Bethany College, returning it to its original use of student housing.  

Bethany, a small college of national distinction, was founded March 2, 1840 and is the oldest private college in West Virginia. For 170 years, Bethany College has been a highly contemporary institution based in the tradition of the classical liberal arts.  The college is ranked nationally by Forbes, Washington Monthly, Barron's, Princeton Review and U.S. News and World Report.

"It is very exciting for us, particularly in these tough economic times, to be in a position to work with Bethany to help them fill their need for additional student housing.  This has been a collaborative effort over the last year and having worked with their team, it's not surprising to us that the College is growing," commented Michael Zamagias, owner of Zamagias Properties.

"We're delighted to be working with Michael Zamagias and his colleagues on the revitalization of this historic structure," said Dr. Scott D. Miller, President of the College.  "Cochran Hall has served many important purposes during the past 100 years and the renovation will blend beautifully with the main entrance to this historic place and provide needed housing for our growing student population. In 2010, Bethany commemorates 170 years since its founding.  This is a wonderful restoration project as we celebrate this special point in our history."

The $4 million project encompasses the redevelopment of Cochran Hall, built originally as student housing in 1910.  Zamagias, working closely with the architectural firm, Astorino, and PJ Dick as general contractor, will completely demolish the interior of the building and rebuild fully upgraded rooms that will provide beds for 72 students.  Grand opening is scheduled for August, 2010, the 100-year anniversary for Cochran Hall.

For Zamagias Properties, principally known as a developer and owner of retail properties, Cochran Hall builds on its recent focus on student housing.  "We see tremendous potential in the student housing sector and are extremely well positioned to help colleges and universities quickly and efficiently address their housing needs," stated Dave Martens, COO of Zamagias Properties.

About Zamagias Properties

Zamagias owns a controlling interest in 2 million square feet of office, retail and mixed-use properties, located primarily in Western Pennsylvania and Virginia, and it currently has three projects in the early phases of development, including a luxury residential project located in Mount Lebanon, PA and two student housing projects in West Virginia and Pennsylvania.

Media Contact:

David Martens

Chief Operations Officer

Zamagias Properties

412-394-6852 (office)

412-606-4969 (cell)

SOURCE Zamagias Properties