CUMBERLAND VALLEY, PA (September 30, 2019) – The Real Estate Collaborative, LLC (REC) is pleased to announce the next phase in the redevelopment of the former Lemoyne Middle School.
REC has entered into an agreement with Mowery to purchase the property to be developed into apartments titled The Lofts at 701 Market Street.
Mowery is proposing a plan to retain most of the existing building with anticipated additions and renovations including: a new park pavilion and play space; public green space and preservation of street facade; outdoor patios; new apartments in the existing auditorium and gymnasium; and a car ramp from Walnut Street to lower level parking.
“The Borough of Lemoyne is delighted that the former Lemoyne Middle School will soon have some new life breathed into it,” said Gale Gallo, Lemoyne Borough Council President. “Mowery has proposed a unique apartment community, which we believe will bring a new dimension to the heart of our town.”
The plan also includes a proposed commercial space for a coffee shop/community kitchen, lawn space, short term parking and upper and lower level patio spaces.
“The Lemoyne Middle School is the geographic heart of our borough and is arguably the most iconic building in Lemoyne,” shared Lemoyne resident Andrea MacDonald. “This local landmark is worthy of a creative solution that complements our community rather than detracts and I fully appreciate the team’s commitment to helping Lemoyne retain the character of our community.”
The Cumberland Area Economic Development Corporation (CAEDC) created REC as a subsidiary in late 2016. REC’s mission aligns with the future growth plan for Cumberland County by creating opportunities for smart investment in underutilized or blighted properties throughout the County.
CAEDC through its REC subsidiaries can access and leverage public and private investments to restore under producing properties and spur additional investments for the benefit of the community and the County.
“REC’s behind-the-scenes work to get this site ready for redevelopment is nearly complete,” said Mason McClellan CAEDC’s Director of Real Estate Development. “REC’s mission is to take on challenging sites that need expensive remediation and environmental work and get them ready for development, which is exactly what was achieved for the former Lemoyne Middle School.”
REC was able to acquire the property and successfully identify the right partners and resources to enable an adaptive reuse project that helps to achieve the community’s goals for downtown revitalization. This included securing $1M in funding from the Redevelopment Assistance Capital Program (RACP).
About CAEDC
CAEDC is Cumberland County’s authorized agency charged with leveraging and promoting Cumberland Valley’s economic development and tourism assets to drive growth, create jobs and improve the quality of life. Offices are located at 53 W. South Street, Carlisle PA. For more information, visit www.cumberlandbusiness.com and www.visitcumberlandvalley.com.