New Markets Tax Credit Coalition

  • Lancaster,
  • PA
  • (2017)
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Bulova Building Rehab

District: Lloyd Smucker (R-PA11)

This project involved the rehab of the blighted Bulova building into mixed use facility.

Investment

  • NMTC Amount: $17,560,000
  • Total Project Cost: $31,518,883

IMPACT

  • 195 FTE jobs
  • 45 construction jobs
  • Created 35 new housing units (8 affordable). 288 permanent jobs retained and 106 permanent jobs created
  • 21,000 sq. ft. of real estate

CDEs

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Investor

Voices from the Community

Our goal is to transform communities. This project will convert the most important, undeveloped property in the city into a hub of activity. It will make a significant impact on those that live and work in the city of Lancaster.

-Dan Betancourt, President and CEO, Community First Fund, Pennsylvania

Project Description

This project involved the rehab of the blighted Bulova building into mixed-use facility. The NMTC-financed the extensive renovation of the former Bulova Building located at 101 North Queen Street. The $30+ million revitalization project involves the transformation of the vacant manufacturing facility into a vibrant, mixed-use complex which is named 101 NQ. Once completed, 101 NQ contains 21,000 sq. ft. of retail space, 90,000 sq. ft. of office space, 35 apartment units, and 35 parking spaces. The project created 195 full-time jobs in addition to 45 construction jobs.

External Profile
External Profile 2

MAP

Address: 101 North Queen Street, Lancaster, PA 17603

Census Tract: 42071000100

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PDF Profile

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