Headlines

What tax reform are you hoping to see?

Monday, September 25th, 2017 at 1:47 pm

Mr. President, Please Don’t Take Away Our 1031s!

By Robert Knakal, Commercial Observer

As hard as it is to believe, summer is over, and we are now chugging toward the holidays and the end of the year. With this comes the very important public policy discussion that will take place around tax reform. Tax reform could be extremely good for commercial real estate or could be devastating. Continue reading What tax reform are you hoping to see?

Scott Bradbury represents Buyer and Seller in New Holland sale – Congrats Keen on your new location!

Wednesday, September 20th, 2017 at 12:59 pm

By Tim Mekeel, Lancasteronline.com

A provider of welding equipment and gases is more than doubling the size of its New Holland branch by moving to a larger location there.

Keen Compressed Gas Co. has bought the former O’Neill’s Auto Body location at 580 E. Main St. for $700,000 from Hauck Properties, courthouse records show.

Continue reading Scott Bradbury represents Buyer and Seller in New Holland sale – Congrats Keen on your new location!

Everything we touch turns to sold!

Tuesday, September 19th, 2017 at 1:43 pm

Our own Dan Berger, CCIM, SIOR closes multiple transactions as mentioned in this month’s Mid-Atlantic Real Estate Journal.

If you’re looking for experts who get the job done, look no further. We can help!

New Vision for Lititz Industrial

Tuesday, August 29th, 2017 at 12:15 pm

 

By Jeff Hawkes, LancasterOnline.com

Lititz, celebrated for its beckoning, pedestrian-friendly, tree-lined downtown, isn’t taking success for granted.

Borough leaders think even more can be done to make the small town, population 9,200, an appealing place to live, shop and play. They are weighing measures with the potential to expand the reach of its charming central business district and also to entice developers to build homes for a wide range of incomes.

 

The plan aligns with the county planning commission’s push to provide for more affordable housing countywide and to save farmland by redeveloping underused spaces in the county’s 18 boroughs and other built places.

 

A hearing on the amendments to the zoning ordinance is planned for 7 tonight [August 29, 2017] at borough hall, 7 S. Broad St.

Continue reading New Vision for Lititz Industrial

Shoppes at Belmont News – $14mil Hotel!

Thursday, August 10th, 2017 at 11:39 am

By: Tim Mekeel, Lancasteronline.com

When hotelier Justin Shelton imagines the perfect site for an extended-stay property, his vision includes restaurants and a grocery store being within walking distance.

So when he thinks about his firm’s latest Home2 Suites by Hilton hotel, now under construction in the Belmont mixed-use development on Fruitville Pike, Shelton’s happy.

“We look for support amenities — restaurants, grocery stores, places to grab a beer and a bottle of wine. Obviously, Belmont brings all that and then some,” said Shelton on Wednesday.

York-based Springwood Hospitality, which Shelton serves as president, broke ground Friday on the 123-room, four-story hotel. Completion is expected in summer 2018, creating 30 jobs.

LNP reported in December that Springwood intended to develop a Home2 Suites hotel at the 1580 Fruitville Pike property, between Dillerville Road and the Route 30/283 interchange.

Though Shelton declined to disclose the Manheim Township project’s cost, industry sources estimated the total cost at $14 million.

That includes $2.5 million to buy the 5.4-acre site from Belmont’s developer, courthouse records show.

It also includes the cost of constructing the roughly 68,000-square-foot building — $7.8 million, according to a township permit. That excludes the cost of furniture, linens and other expenses.

The Home2 Suites, next to the historic Mayer-Hess farmhouse, on the west side of Fruitville Pike, is being constructed where the former farm’s barn once stood. (The barn was disassembled and moved to Elizabethtown, where it will be reassembled.)

Parts of the Home2 Suites and Belmont projects will address the accessibility of the hotel by car and the accessibility of Belmont by foot.

Springwood will pay for the creation of a right-turn lane into the hotel site from southbound Fruitville Pike.

Northbound Fruitville Pike will get a left-turn lane into the hotel property, at the expense of Belmont’s developers.

Belmont’s developers also will install a traffic light there, as was previously reported, and a crosswalk across Fruitville Pike.

When Home2 Suites guests walk to Belmont, they’ll find a Whole Foods grocery store and cafe, a state liquor store and a half-dozen restaurants, including a P.F. Chang’s. The stores and restaurants, dubbed the Shoppes at Belmont, are due to open in the spring.

“They can use the cross walk, go across the street and get to just about anything they’d want,” said Shelton.

Completion of the Home2 Suites, as well as hotels in Frederick, Maryland, and York that Springwood also has under construction, will give Springwood 11 hotels.

That total includes two on Lincoln Highway East, across the street from Dutch Wonderland and Applebee’s — a Tru by Hilton that opened in June and a Fairfield Inn & Suites that opened in June 2016.

While construction of the Home2 Suites just started, restoration of the vacant Mayer-Hess farmhouse’s exterior continues. Begun in late May, the work is costing $350,000.

A September completion is expected. The Shoppes at Belmont’s developer is paying for the work.

The brick mansion, painted white, was built in 1870. The three-story building contains about 5,000 square feet. An office tenant is being sought.

 

AOL Founder Heads to Lancaster to Boost Tech Innovators

Monday, June 26th, 2017 at 11:20 pm

Steve Case’s Rise of the Rest tour will come to Lancaster in October as small-city entrepreneurs make a pitch for $100,000 investment.

Jeff Hawkes, Lancaster Online

This worry motivates AOL co-founder Steve Case: America’s prosperity could be at risk if venture capital continues to flow to Silicon Valley and other elite tech hubs at the expense of the rest of the country.

An economic evangelist for America’s heartland, Case, 58, in recent years has been on a mission to redirect critical investment to innovators in places like Cincinnati, Des Moines and Albuquerque.

And for one day in October, Case will turn his attention to Lancaster.

Continue reading AOL Founder Heads to Lancaster to Boost Tech Innovators

Shoppes at Belmont on schedule for early 2018 opening

Saturday, May 20th, 2017 at 4:52 pm

USCR was there in the beginning, representing the property owners in this important sale. We continue to be excited as we follow the development of the Shoppes at Belmont…ON SCHEDULE!

By Jason Scott, Central Penn Business Journal

A much-anticipated shopping center in Manheim Township is on schedule to open in early 2018, according to the Lancaster County contractor leading the construction effort. Continue reading Shoppes at Belmont on schedule for early 2018 opening