July 16,
2024
Mayor Sorace Joins Groundbreaking Ceremony to
Kickoff Adaptive Reuse Apartment Project at Site of Former St.
Joseph's Hospital in Lancaster, PA
On Thursday July 11th, Lancaster
Mayor Danene Sorace joined leaders from Baltimore-based Washington
Place Equities (WPE), WPM Real Estate Management, and a
collaborative team of partners for a groundbreaking ceremony to
kickoff construction for the adaptive reuse apartment community
being built on the site of the former St. Joseph’s Hospital. The
project team includes architect Alexander Design Studio, Warfel
Construction, and engineering firm ELA Group, Inc., as well as
funding partners M&T Bank and PNC Bank.
“We’re thrilled to be starting construction on this project,” says
Dominic Wiker, Vice President & Director of Development for
Washington Place Equities. “WPE is very intentional and selective
about where we choose to invest, specifically looking at
communities where our work is integral to the broader community.
Lancaster is undergoing a renaissance of sorts, and we’re excited
to be a part of it.”
“We really appreciate Washington Place Equities as well as our
partners HDC MidAtlantic for helping us imagine this block,” said
Lancaster City Mayor Danene Sorace. “I know that there are other
mayors across the Commonwealth that would just be dying for a
project like this… The fact that the city of Lancaster continues to
attract investors from outside of Lancaster County is a mark. And
we are becoming very competitive in terms of the kinds of
developers that we are attracting to the City.”
The mayor was in attendance to celebrate the continued growth and
redevelopment of the city. The project includes construction of 185
one- and two-bedroom apartment units and 2,000 square feet of
retail space. When completed, the overall development will
transform the former hospital campus into a mixed use, mixed-income
development, offering a diverse range of residential, retail, and
commercial options to meet the needs of the community.
About Washington Place Equities
Washington Place Equities (WPE) is a Baltimore-based equity
investment firm that has grown throughout the Mid-Atlantic region
by investing in projects aligned with economic development
initiatives and designed to strengthen communities. The company
invests in value-add and redevelopment properties, as well as
ground up development opportunities, with an emphasis on
multifamily, manufactured housing, and senior living real estate.
For more information visit www.washingtonplaceequities.com.
About WPM Real Estate Management
WPM Real Estate Management provides property management for over
26,000 homes and 50,000 people in the Mid-Atlantic region,
including Maryland, Pennsylvania, Delaware, and Virginia. It holds
designations as an Accredited Management Organization® (AMO®) and
an Accredited Association Management Company (AAMC®). The company’s
primary focus is residential: multifamily, condominium, senior
housing, student housing, and homeowner association communities. In
addition, it has a managed portfolio of commercial, industrial, and
retail properties. WPM has ranked #1 on the Baltimore Business
Journal List of Largest Residential Property Management Companies
in the Baltimore Area year over year. The firm also has been
recognized as one of Baltimore’s Top Workplaces by The Baltimore
Sun, ranking among the top large employers for 12 consecutive
years. The company employs over 500 employees across more than 150
properties. For more information visit www.wpmllc.com.
