Kinsley Properties and Royal Square Development & Construction have formed a joint venture to convert a vacant office building in downtown York into a 43-unit apartment.
The 38,000 square-foot building is the former Fox Bakery at 204 N. George St., not far from WellSpan Park.
Construction on the $7 million project began this week and is expected to wrap up in 10 months, according to Dylan Bauer, an executive with York-based Royal Square.
The units will be all one-bedrooms with rents starting at around $1,095 per month.
The building: Kinsley interests have owned the property since the 1990s, according to county records.
A portion faces North George Street but the main entrance to the building — and its 65 parking spaces — sits off West Gay Avenue.
While it was erected as a bakery, the building was last used as an office. It has been vacant for at least four years, Bauer estimated.
The conversion project to create Fox Apartments is being financed by York-based Traditions Bank.
The funding mix also includes state and federal tax credits, for historic preservation, Bauer added.
Lancaster-based TRUE Commercial Real Estate is marketing ground-floor retail space, which could be divided into two spots, Bauer said.
The trend: Converting former offices into apartments.
The Fox Bakery project is at least the second unveiled this summer in downtown York.
Harrisburg-area developer Derek Dilks is planning to convert part of a former bank office into apartments.
