Apartments Coming To York City’s Square Under Revitalization Project

Map of Pennsylvania highlighting York County

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

Dozens of market-rate apartments are heading for downtown York as part of a multimillion dollar overhaul of a prominent historic building that developers say has been under-utilized for years.

Developer David Yohn is planning the renovation 1 Marketway West, which would include building an underground parking garage for residents, York County Commissioners said Wednesday.

The county owns the building, but Yohn Property Management has a $1.3 million purchase contract. Commissioners on Wednesday approved an agreement in which the county moves from first lien position to second lien position, which means the county would be second to get its money if Yohn defaults on a $4 million loan from Fulton Bank, said county solicitor Mike Flannelly.

Read more: http://www.yorkdispatch.com/breaking/ci_25896098/apartments-coming-york-citys-square-under-revitatlization-project?source=most_viewed

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