Downtown mixed-use project includes customizable condos with majestic views
There are a number of opportunities to enjoy luxury living in the heart of downtown Lancaster, but none are quite like 101NQ, a residential and commercial complex taking shape in the former Bulova building at North Queen and Orange streets that promises to breathe new life into Lancaster Square.
When complete, 101NQ will feature 150,000 square feet of mixed-use real estate, including high-end retail, state-of-the-art office spaces and luxury residences. Cargas Systems, a local employee-owned business software company, will be the anchor tenant.
“It’s a once-in-a-lifetime generational project for the city of Lancaster,” says Anne Lusk of Lusk and Associates Sotheby’s International Realty, listing agent for the luxury condominiums. “It’s really going to be a fantastic hub for business, entertainment and luxury living all downtown.”
The current site had been vacant for almost a decade when Zamagias Properties purchased the property in 2016. The project will attract young professionals and young retirees, as well as new businesses from outside Lancaster city and those already located in the city that want to expand or simply be a part of Lancaster’s newest and brightest project.
This project will provide new job opportunities, and even more amenities for the 60,000 people currently living and working in downtown Lancaster.
101NQ will feature 13 state-of-the-art retail spaces on the first floor, known as The Row. The second and third floors, or The Core, will be composed of office spaces ranging from 1,500 to 33,000 square feet with up to 20-foot ceilings and industrial-style mezzanines in some parts of the building.
The Point at 101NQ, located on the fourth floor, will be a destination address for downtown living, with 16 luxury condos that range from 1,725 to about 4,000 square feet — all customized by local home builder EGStoltzfus Homes.
All 16 units feature bright interiors with luxury finishes, majestic views and private terraces ranging in size from 220 to 695 square feet. Buyers also have the option of an industrial look, with exposed beams at 15 feet, or a more traditional 10- or 12-foot ceiling.
Among the most impressive features are the soaring 10-foot window walls, says Bill Patrick, director of sales and business development for EGStoltzfus Homes. “The views out over Orange and Queen streets are just unparalleled in the city,” he says. “It’s completely unique in my career and, quite frankly, in the county and city of Lancaster. … This landmark building makeover is just changing the whole character of the Lancaster Square area and that block.”
For those who may want to call 101NQ home, the sooner they make their decision, the more opportunities they will have to personalize.
“Because this is such a new and unique project, they’re highly customized to each future owner’s personalized taste,” Lusk says. “The design time EGStoltzfus is putting in with each person makes these units a reflection of each unit owner’s wants and needs.”
Patrick notes that EGStoltzfus has designed floor plans that they consider both exciting and practical, along with pre-selected features that are more compatible with the contemporary look of the building’s exterior, but buyers are welcome to change all that. EGStoltzfus has already designed one unit with a more traditional feel, he says, and they’ve completely cleaned the slate on another to create a totally unique floor plan based on a buyer’s inspiration.
“We are prepared to work with (buyers) to make a one-of-a-kind floor plan within the defined layout of the units,” he says.
Through the end of November, base prices for the units will range from $675,000 to about $1.5 million, with a monthly fee between $460 and $500. Buyers pay $10,000 to reserve a unit and an additional $90,000, along with the cost of any upgrades, once they are satisfied with the design plan. The balance is paid upon completion.
With a move-in date of October 2019, multiple units are already reserved and several others are almost to contract, says Lusk, who has fielded inquiries from all over the United States and outside the country. Confirmed buyers include several from Lancaster County, as well as southeastern Pennsylvania and the West Coast.
“Lancaster is making quite a name for itself,” she says.
Interest in the commercial space at 101NQ has been equally impressive, says Tracy Horst, owner of PPM Real Estate and Progressive Property Management, leasing agent for the corporate space. Among the confirmed retailers are Starbucks, the furniture and home décor store Domaci, a health and wellness spa, a shared workspace suite and an Italian market. They are also working with a men’s clothing store and a hair salon, among other prospects. Sixty percent of the commercial/retail space has committed letters of intent or executed leases, she says.
Horst notes that the redevelopment project qualifies for the Local Economic Revitalization Tax Assistance program, or LERTA, meaning improvements made to the property will not immediately trigger higher property taxes. That savings, she says, will be passed on to 101NQ’s new tenants.
Also adding to the commercial appeal is the building’s proximity to three parking garages, including one proposed next door as part of an overhaul of city-owned property in the annex space between 101NQ and the former Hotel Lancaster at North Queen and Chestnut streets, which is currently being converted to a Holiday Inn. The city’s plans also include the possible addition of a movie theater and the relocation of Lancaster Public Library to two floors below the proposed parking garage.
Residents of 101NQ will have private parking on the building’s ground floor. Most units will have two spaces, and a few will have tandem parking.
“This is one of the most exciting projects I’ve worked on, and I’ve been in business for 34 years,” Horst says. “It’s the only place in the city that has such a vast array of mixed uses under one roof. The destination location is such a unique aspect when you can just simply say, ‘I’m at the 101 building,’ and everyone in the community knows what that means.”
For inquiries on residential spaces, contact Anne M. Lusk directly at Lusk & Associates Sotheby’s International Realty, 717-271-9339 or 717-291-9101, ext. 3555. For office and retail spaces, contact PPM Real Estate, 717-394-3374.