A real estate developer with an established track record in Lancaster city plans to spend $25 million to $30 million to turn the blighted Bulova building in the heart of downtown into “a dynamic and fresh” mixed-use complex of offices, retail space and condominiums.
The larger goal is for the transformation of 101 N. Queen St. to be the catalyst for redeveloping neighboring Lancaster Square and its surroundings, said David Martens, president of Zamagias Properties.
If that happens, “that’s going to make this whole block blossom into something really, really special,” finally healing a downtown area scarred by a previous generation’s well-meaning but misguided effort at urban renewal, Martens told an audience of close to 200 business people and civic leaders Wednesday evening at a project preview at the Hamilton Ballroom at Wheatland Place.
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