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Project
History Of Meeder Development Corp.
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Project:
Sassafras
Terrace: Historic
Rehabilitation,
1989
Location:
Main
Street
Mt. Joy, PA
Use:
Low/ Moderate
Income
Housing:
64 Units, 2
Commercial
Units
Ownership:
Sassafras
Terrace, LP
General Partners
MDC,
PFC Capital
Limited Partners
Union
National Bank of
Mt.Joy
and Fulton Bank.
Developer:
Meeder
Development
Corporation
Architect:
Calabese
Associates
Contractor:
Paul
Risk Associates
Financing:
PHFA and
Lancaster
County
Housing &
Redevelopment
Authority
Total Project
Cost:
$5,300,000
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Sassafras
Alley Apartments, located in Mt. Joy, PA, is a historic rehabilitation project.
There are 64 units of predominantly low income apartments with a mix of
market rate apartments and 3,500 sq. ft. of commercial space. This project
is listed on the National Historic Register and in 1992 MDC was awarded
the C. Emlin Urban Award for the preservation of the former George Brown
Cotton and Woolen Mills.
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info@meedcor.com
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Project:
New School
of Lancaster
Location:
Columbia
Avenue
Lancaster,
PA
Developer:
Meeder
Development
Corporation
Architect:
Levengood
Kautter Architects
Financing:
Blue Ball
National Bank
Size:
30,000
Square Feet
Total Project
Cost:
$1,100,000 |
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This property
stood vacant for ten years prior to MDC efforts to restore and win approval
for designing the parking adjacent to the building without destroying the
historic elements at the site. This project is also listed on the National
Register of Historic Places. |
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