800 S QUEEN Street, Lancaster, PA 17603

This redevelopment project will transform Lancaster’s former Rebman’s store into a mixed-use complex featuring 52 apartment units, including 25 market and 27 affordable units, along with 6,800 +/- SF of commercial space. The commercial area is being offered as a vanilla shell, and the developer anticipates supporting a developer-approved grocery or convenience store fit-out. Groundbreaking began in November 2023 with demolition and site preparation, and a permit has been received for a retaining wall with a contractor engaged for that work.

The project is located in Lancaster City, within an Opportunity Zone and the LERTA (Local Economic Revitalization Tax Assistance) tax district. The redevelopment timeline calls for pre-leasing by late summer, with the first tenants expected to be able to take occupancy in late fall 2024.

The leasing team is giving strong preference to a grocery or convenience store tenant for the commercial component. Lease terms are described as $18/SF NNN for the vanilla shell commercial space. The developer can provide $500,000 in support for developer-approved grocery store fit-out, with that amount amortized into the initial lease term. This structure is intended to help align tenant improvements with the approved redevelopment scope while supporting a timely opening schedule.