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City View Apartments
114 E. Lemon Street
Lancaster, PA

 

In June of 2008, Tripoint Properties, Inc. acquired Highland Crossing Apartments at 114 E. Lemon Street in the City of Lancaster. The property is a 58,000 square foot, six-story apartment building located at the intersection of Duke and Lemon Streets just one block south of Lancaster General Hospital and Lancaster General College of Nursing.

The property was constructed in the mid 1960’s and contained 51, one and two bedroom apartments units along with approximately 4,000 square feet of first floor commercial office space. The apartment units range in size from 672 square feet for a one bedroom, one bathroom unit to 935 square feet for a two bedroom, two bathroom unit. The property has one passenger elevator, 17 garages, and 54 off street parking spaces are available for tenant use.

The property is in the process of undergoing a significant $1.8M renovation which began in November of 2008. Renovation of the apartment units includes new cabinets, countertops, and appliances in the kitchens, new fixtures in the bathrooms, new flooring throughout the units, new closets, doors and trim. Redevelopment of the property has included: new HVAC, plumbing, and electrical service as well as reworking the site in order to expand the parking and beautify the landscaping. Base building improvements include a renovated front entrance, lobby area, and tenant hallways, upgrades to the elevator, renovation of the balconies, and upgrades to the fire alarm and security systems.
In addition, Tripoint Properties, Inc. has made significant changes to the first floor commercial office space. Two ADA compliant, two bedroom, 885sf apartments have been created on the first floor, each with their own entrance directly off a street level patio. The first floor laundry room has been converted into a management/leasing office. A brand new laundry room has been installed with 6 washing machines and six dryers. Right beside it is a new community room with tables, chairs and vending machines as well as a public bathroom for tenant use. Finally, a fitness room is in place on the first place and is just about ready for use.

Visit the City View Apartments Website

PROPERTY TYPE: Residential
PROPERTY SF: 58,000 SF
SIZE: 0.66 Acres
ACQUIRED: June 2008
REDEVELOPMENT: Underway; to be completed by Summer 2010.
STATUS: Occupied. Repositioning and new lease up is underway and continues as units are renovated.
   

 

 

 

 


tripointproperties.com - Tripoint Properties, Inc. - Acquisition, development, management