York RDA agrees to sell Pullman Apartments to developer for $238,000: Developer Derek Dilks plans to renovate apartments, which would rent for $750 to $1,000 a month

York's Redevelopment Authority, agreed to sell the Pullman Apartments building on North George Street to a Harrisburg developer for $238,000 at its monthly meeting Wednesday.

Developer Derek Dilks said he hopes to close on the purchase within 60 to 90 days, if not sooner, and begin renovations to the building soon after.

Pullman has 22 one-bedroom units. Dilks may create an additional unit as part of the renovations, which he expects will take six months or less to complete. He hopes to have the renovated units available for lease next spring.

The renovated units will lease for between $750 and $1,000 a month, Dilks said. He said he didn't know how much apartments at Pullman currently lease for.

The upcoming sale means Pullman's current tenants may have to move if they can't afford the new rent. Dilks said he'll give current tenants the option of staying, or work with them if they need to find another place. The help could include some financial assistance with relocation, Dilks said without providing specifics.

"We are going to work with them to make the transition as seamless as possible," he said following Wednesday's RDA meeting. All of Pullman's current tenants are on month-to-month leases, he said.

Dilks said he plans to meet with the existing tenants after he closes on his purchase of the building.

"I can't do much until I have possession of the property," he said.

Dilks said he plans to replace the kitchen, bathroom and flooring in each of Pullman's 22 apartments and install a washing machine and clothes dryer in each unit. The planned renovations also include replacing the building's roof; heating, ventilation and air conditioning system and some of the windows.

The RDA board Wednesday also approved a new agreement with Dilks giving him an option to buy the Elm Terrance Apartments at 450 Madison Ave. for up to $634,000. The RDA board also agreed to enter into a redevelopment agreement with Dilks that would ultimately result in him purchasing the former Citizens Bank building on Continental Square for $400,000.

Dilks said he is "actively talking" to two prospective tenants for the Citizens Bank building, one of which is interested in opening a restaurant-cafe there.

Source: YDR.com