Lancaster PA Commercial Real Estate - Lancaster PA commercial real estate.  Brought to you by John Thiry, CCIM of Marcus & Millichap

$13 M multi-family tax credit deal slated for Dauphin County, PA

by thiryj

CPBJ Reports: Rochester, N.Y.-based Home Leasing LLC is in the process of buying three vacant buildings in Lykens, including the former Lykens Hotel, as part of a historic downtown rehabilitation project in the northern Dauphin County community.

Home Leasing, in partnership with the Dauphin County Redevelopment Authority, is planning to spend $13 million on seven parcels — four for parking — that would be used for 43 one- and two-bedroom apartments and retail space, said Cheryl Stulpin, the company’s vice president of development.

The company is eyeing the four-story hotel property at 600 Main St., which is owned by the Lykens Community Development Corp.

Home Leasing also intends to buy a former drug store and Patriotic Order Sons of America Lodge building at 601 Main St., which is held by Centric Bank, as well as a privately owned former public school at 545 N. Second St., Stulpin said.

via Rochester developer tackling $13M Lykens project

.

Share