Affordable Luxury in the heart of downtown erie.

The Bowie is a 197-unit apartment community located in Downtown Erie, just steps from Gannon University. The property was purchased in partnership with Community Finance Corporation, a not-for-profit, in April 2024, through a tax-exempt municipal bond financing, facilitated through Jefferies.

Formerly the Avalon Hotel, the 8-story property consists of 184 studios and 13 1-bedroom apartments. The property also features fitness & wellness center, tenant storage lockers, clubhouse & game room, and onsite leasing offices. 

12,000 square feet of ground floor retail space has been leased to University of Pittsburgh Medical Center (UPMC) for medical offices, and there is an additional 18,000 square feet of commercial space for lease, including storefront retail.

Highlights:

• Property sits in the center of downtown Erie and the city's redevelopment district, in an Enterprise Zone. It is also located in an Opportunity Zone.

• Property is situated one block from Erie Insurance Arena and UPMC Park, home to the Erie Sea Wolves. It is also next to Gannon University, with over 4,500 students. 

• Property is located within 1 mile of large medical centers, including Saint Vincent Hospital and Erie VA Medical Center. It is also 10 minutes from The Lake Erie College of Osteopathic Medicine (LECOM), the nation’s largest medical college.