York County Land Bank Authority Partners on Hanover Project Long time waiting for 34 Frederick Stree
York County Land Bank Authority Partners on Hanover Project
Long time waiting for 34 Frederick Street
The York County Land Bank Authority, staffed by the York County Economic Alliance, is moving forward with assistance in the interior demolition of a long-awaited project at 34 Frederick Street in Hanover, PA.
Located at the former Montgomery Ward building at 34 Frederick Street in the Borough of Hanover, the Land Bank Authority will assist in the interior demolition of a severely blighted and deteriorated building as it readies for reconstruction. The building has been vacant and deteriorating for many years.
“The York County Land Bank Authority is a proud partner in this demolition,” said Tom Englerth, chair of the Land Bank Authority. “The funds for this project came from the demolition funds established by the County Commissioners in May of 2018, when the Land Bank was established.”
The development of the property, upon completion, will add 16 residential apartments, and 3,000 square feet of street level retail space, and will create approximately 50 jobs. The project is also a recipient of a $1.4 million RACP grant. This is the first project the Land bank Authority took on with a private developer – Integrated Development Partners, located in Wormleysburg, PA.
“This project is another catalytic redevelopment in downtown Hanover,” said Jonathan Bowser, Managing Partner of Real Estate Holdings with Integrated Development Partners. “With the help of the York County Land Bank, we were able to make this project financially feasible. The Land Bank funds helped us cover the necessary interior demolition of the building. This project will create construction jobs, drive over $3 million in new investment, provide necessary housing in the borough, and remove a blighted property in the borough’s core downtown district.”
The redevelopment continues the growth and prosperity Main Street Hanover has seen in the past several years. “Main Street Hanover is thankful to have the support and partnership of the York County Land Bank Authority on this important redevelopment project at 34 Frederick Street,” said Justine Trucksess, Executive Director of Main Street Hanover. “This project has been a priority for our revitalization efforts and to see it moving from blight to new life is incredibly exciting. The addition of apartments and retail space on Frederick Street is what we hope will be the beginning an exciting transition for that downtown corridor.”
The Land Bank and Blighted Property Review Committee are available as tools for all municipalities, to help in the remediation of vacant and blighted properties throughout York County. To submit a property, or learn more about the program, please visit: https://www.yceapa.org/strategic-development/york-county-land-bank-authority/
About the Land Bank Authority
The York County Land Bank Authority was created through a partnership of the Redevelopment Authority of the County of York, the Redevelopment Authority of the City of York, and the York County Economic Alliance. This Authority was created to help facilitate the conversion of vacant and/or tax delinquent properties and to bring them back into productive use and to bring them back onto the tax rolls. Each property or project provides a different economic development opportunity and will have a strategically planned outcome, whether housing, green space, or parking, the outcome will be its own particular highest and best use.
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