Our First Proposed Project

The first project the OZFund proposes to develop is the prior Rebmans Property, South Queen Street, Lancaster, Pennsylvania. Additional properties may be developed in Opportunity Zone Funds in Central Pennsylvania, the Mid-Atlantic Region and possibly elsewhere.

  • The first proposed project will include 69 rental apartments and 8,336 sf of commercial space all designed and managed by Steel Works Construction, who will act as the overall project manager and construction contractor. Steel Works Construction is charged with responsibly maximizing the best use of the existing property to create meaningful living and commercial spaces.
  • A roof garden is being considered in the design for use by our tenants. Besides the decorative benefit, roof gardens may provide food, temperature control, hydrological benefits, architectural enhancement and recreational opportunities. The practice of cultivating food on the rooftop of buildings is sometimes referred to as rooftop farming. Rooftop farming is usually carried out using hydroponics, aeroponics or other environmentally focused irrigation system.
  • The OZFund is dedicated to transforming distressed properties into rental housing and commercial spaces. Our team is responsible for identifying, analyzing, structuring, negotiating and managing OZFund projects with an emphasis on affordability and sustainability.
  • The OZFund and its Professional Partners have more than 35 years of start-up company and commercial development experience.

Proposed Site Plan

Project Development

Permits, Licenses and Approvals

  • Zoning approval has been received from the Lancaster City Zoning Board.
  • Development managed by OZFund principals in conjunction with professional advisors.
  • Land development plans are managed by professional advisors. The plans were submitted to the Lancaster City Land Planning Commission on December 8, 2021.
  • Residential and Commercial Tenants will be pre-approved for a lease.

Customers and Needs

  • Our apartment tenants will enjoy bright, spacious and airy accommodation with energy-efficient appliances (including washer/dryer).
  • 24/7 Security monitoring. Extensive use of electronic surveillance and security lighting.
  • Internet, cable and electronic access features.
  • Secure car parking.
  • Commercial Tenants may include professional and retail organizations. Preference will be given to business tenants offering food, grocery, convenience items and take-out food.
  • The southern end of Lancaster City needs single-family apartments and businesses that can serve the local community, in a safe, friendly environment.

Floor Plans (3 Floors)

Click the Image to enlarge
Click the Image to enlarge

The floor plans and project renderings are for illustration purposes only and represents an initial concept design for the project. The final design, the site and building configuration are subject to regulatory reviews, approvals, and final cost confirmation at the time of construction.

Features

Built in Washer/Dryer
Rooftop Garden/Community Supported Agriculture Program
Fitness Center
Wheelchair Accessible and ADA Compliant
Monitoring Security
Renewable Energy/Solar
High Speed Communication
Free Parking

Sustainability Concept

  • The entire proposed project will be designed with a commitment to environmental sustainability. We will make every effort to reduce unnecessary carbon emissions while maintaining the necessities to support a modern lifestyle.

  • In addition to implementing state-of-the-art clean energy technology, redevelopment plans will include a community rooftop garden, from which tenants can take part in a community supported agriculture (CSA) program.

  • At every stage of the propsosed project, these efforts require close cooperation of the Mayor and City Council, Lancaster city housing and community organizations, design team, architects, engineers, and the community at large. The green building practice expands and compliments the classical building design concerns of economy, utility, durability, and comfort.

Investor Contact Information

OZFund, Inc.
800 South Queen Street
Lancaster, Pennsylvania 17603
Office: 717-715-0238
Website: ozfundinc.com

Jeremy P. Feakins, Founder and CEO
+1 917 679 2005 | jpf@ozfundteam.com

Eric Warfel, Executive Vice President
+1 717 715 0238 | ew@ozfundteam.com