Beaver Street Initiative Approved for State’s Neighborhood Assistance Program Support
Prior to the COVID-19 pandemic, Lancaster City Alliance was tracking over $800 million of privately led investment projects tied to Strategy 1 of the Building On Strength plan. With the onset of the pandemic the future of these planned projects was uncertain. Through the resilience of the Lancaster community and the work of our Building On Strength partners, the community pulled together to determine how to mitigate delays and keep at-risk projects in the pipeline.
As a result, the City saw a record amount of new investment announced over the last year. This includes projects in both the downtown core and the commercial hubs identified in the Building On Strength Plan. Notably, these projects provide 1,700 new residential units, including 250 new affordable housing units.
The following is a sampling of projects that have been completed, under construction, and announced since the onset of the pandemic.
- 550 Lofts (550 New Holland Avenue) – $4.2 million; 22 new market-rate apartments; ground-floor retail/restaurant space
- Landis Place on King (237-245 W. King Street) – $28 million; 79 new “55-and-up” apartments, including 8 affordable apartments; ground-floor retail/restaurant space
- St. Joseph Hospital Campus redevelopment (College Avenue/Marietta Avenue/N. West End Avenue/W. Walnut Street) – $90 million; 325 new residential units, including 120 affordable; apartments and townhouses; ground-floor retail/restaurant space on College Avenue
- Mosaic by Willow Valley Communities (S. Queen/W. Vine) – $90 million; 150 new market-rate senior housing units, rooftop and ground-floor restaurants
- Former YMCA Redevelopment (N. Queen/W. Frederick/N. Prince) – $60 million; 253 new market-rate apartments; ground-floor retail/restaurant space; Penn Medicine Lancaster General Health medical office/urgent care
- Stockyard Inn Redevelopment (Lititz Pike/Marshall Avenue) – $48 million; 216 new residential units, potentially including up to 43 affordable units; ground-floor commercial space
- Queen & Chestnut Development (N. Queen/W. Chestnut) – $35 million; 126 new market-rate residential units, ground-floor retail/restaurant space