The Kislak Company, a commercial real estate firm based in Woodbridge, announced the recent sale of 67 acres for senior living development at 306 South Duke St, in Millersville, Lancaster County, Pennsylvania, for $7.93 million.
Senior Vice President Matt Wolf arranged the sale on behalf of the seller, HHF Real Estate, and the purchaser, Burkentine Builders.
“After years of going through the approval process, it will be very exciting to see this project break ground,” said Wolf.
The property, which is known as The Village at Funk’s Farms, consists of 66.88 acres and is fully approved for development of 420 55-and-older residential units: 220 townhomes and 200 mid-rise condominiums plus a health-care facility that may contain up to 75 beds are anticipated to be built.
The town was a crossroads for goods and sales brought from the local farming communities into Lancaster City. Later the town’s name was changed to Millersville and was incorporated as a separate borough in Lancaster County. It is a ten-minute drive from downtown Lancaster and the home of Millersville University.
Lancaster hosts art galleries, historic museums and sites, farmers’ markets, and other areas of interest to tourists and local residents. It is the sixth most-populous metropolitan area in Pennsylvania and has consistently ranked as one of the top places to retire in the country by U.S. News & World Report.
