New Castle News
NEW CASTLE —
A developer wants to invest $12.5 million to rehabilitate the Castleton Apartments and create 60 apartments for senior citizens.
Matthew Staniszewski, New Castle’s community and economic development director, said a.m. Rodriguez Associates Inc. and Congregate Management Services of Akron, Ohio, have approached the city with plans for the complex at the corner of Falls and North Mercer streets.
The Castleton, which originally was a hotel, currently has apartments.
The developer has asked the city to apply for state funds on its behalf to assist in the project.
According to its website, a.m. Rodriguez, a real estate development company, has developed 3,000 units in western Pennsylvania and Ohio and currently has 21 buildings with 1,300 units of housing for seniors and families, some of which are in the Pittsburgh area.
The website says most of the units are available to people who are considered low income, though market rate units are included in many recent developments.
“We specialize in creating elegant and affordable, independent living options for senior citizens as well as housing opportunities for families.”
Congregate Management Services is a.m. Rodriguez’s management company, providing maintenance services and programs for residents.
Staniszewski said the original intent was to apply to the state for $300,000 under the Home Investment Partnership Program. However, he said, he learned this week the project is ineligible for the funding because it is more than nine units.
He said the city is looking at other sources of state funding.
An attempt to reach a spokesperson at a.m. Rodriguez was unsuccessful.
The Lawrence County assessment office lists the owner of the property as Castleton Apartment Complex in care of PA Housing.