Manbel Devco, a Lancaster County-based real estate development company, announced today that they have purchased 95 acres of land at the southeast corner of U.S. Route 30 and Fruitville Pike in Manheim Township, Lancaster County, PA from the Belmont Farm Family Partnership and have broken ground on Belmont, a high-quality, unique, mixed-use development featuring retail shops, restaurants, and housing.
SHOPPES AT BELMONT will be a 365,000 square foot shopping center with approximately 30 retail stores and restaurants anchored by Target, Whole Foods, Dick’s Sporting Goods, Nordstrom Rack, and Michaels. In addition, leases have been signed for the “Main Street” portion of the Center with Ulta Beauty, Rack Room Shoes, Lane Bryant, Carter’s and OshKosh B’gosh. These national chain stores will be joined by Norman’s Hallmark, the largest Hallmark dealer on the East Coast, and Finch Jewelers, a local specialty and custom jeweler. Customers of Belmont will have a wide variety of food choices with P.F. Chang’s China Bistro, Chick-fil-A, MOD Pizza, Zoe’s Kitchen, Moe’s Southwest Grill and Starbucks all signed up for the Project. The SHOPPES AT BELMONT, which is already 83% pre-leased and has several other leases in the final stages of execution, is slated to open in the Spring, 2018. Waters Retail Group (www.watersretailgroup.com) of Kennett Square, PA is handling the leasing and management of the Shopping Center. Additional information about the Project, as well as future updates and Tenant signings, can be found at www.shoppesatbelmont.com.
“As local community members, we are thrilled to bring this Development to Lancaster,” commented Phil and Nick Frey, partners of Manbel Devco, who are also part of B&F Properties, a real estate company founded in 1980 by Phil Frey, President, and Nick Frey, Executive Vice President. “We anticipate that the SHOPPES AT BELMONT will provide new retail and restaurant options for Lancaster County, and we are excited to get started. The diverse assets of the Development will offer exciting new choices to residents, visitors, businesses and farmers alike, and we are committed to working collaboratively with our Community.”
HOMES AT BELMONT: The residential component of the Project will include 74 townhouses and 13 single family homes, with an expected Spring, 2018 delivery date to coincide with the opening of the Shoppes at Belmont. Charter Homes & Neighborhoods of Lancaster, PA (www.charterhomes.com) will be the builder.
Smart lifestyle features such as bicycle trails, walking paths, and a Red Rose Transit bus stop will connect Belmont to downtown Lancaster. In addition, many of the historic attributes of the Property will be preserved and utilized to enhance the heritage and style of the Development. The Project will offer a unique experience in Lancaster County, with shopping, dining and living in close proximity. A community gathering area will highlight the Main Street component of the Development, with brick pavers, a decorative fountain, seating areas, a stage for outdoor events, lush landscaping, accent lighting, and a mix of high-end finishes including stone and brick.
The developers of BELMONT are proud to be preserving many of the historic aspects of the Mayer-Hess farmstead including an Italianate-style mansion built between 1870 and 1874. Plans also include preservation of the Property’s historic cemetery (circa 1700’s), 3-acre quarry and lime kilns. Portions of the Shopping Center will reflect some of the Farmstead’s aesthetic features. The Property’s main barn and smaller farmstead barns will be preserved at another site in Lancaster County and made available for events.
The SHOPPES AT BELMONT is estimated to generate in excess of $14 million in tax revenue, transferable development rights, impact fees and traffic improvements during the Construction Phase and over $10 million per year in tax revenue once the Project is completed and opened. Additionally, BELMONT is expected to produce approximately 1,100 jobs during construction with an aggregate payroll in excess of $38.6 million and 2,560 permanent jobs and an annual aggregate payroll in excess of $66 million after the Project is completed.
Consultants for the BELMONT Project include RGS Associates (Civil Engineering and Landscaping); Bernardon Architects, and Traffic Planning & Design, as well as the law firms of Nikolaus & Hohendel and McNees, Wallace & Nurick. Ames Construction will be handling the general construction for the Shopping Center while B.R. Kreider & Son will be responsible for the site and road work construction. Breneman Site Construction Services will be providing site work management services. M&T Bank and Fulton Bank, NA will be providing the construction financing.