Rock Lititz completed its first building, a 52,000-square-foot studio, last fall, and is already planning a second structure, referred to as Pod 2. Ideas for a hotel also are in the works.
The Pod 2 project will consume 10 acres of the campus, with 252,000 square feet, and is expected to house 18 to 30 live-event technology companies.
“While we are still finalizing details of the Pod 2 project, which will offer space to businesses that serve or are related to the live-event industry, we anticipate breaking ground in the fall of this year,” said Andrea Shirk, general manager of Rock Lititz.
The total project cost is estimated at $21.8 million, and Lancaster-based EDC Finance Corp. has received two loans on behalf of Rock Lititz.
The first loan of $2.25 million came from the Pennsylvania Industrial Development Authority. The most recent loan was part of the Building Pennsylvania program, which provides financing for construction projects in small to midsize Pennsylvania communities. It came from the Commonwealth Financing Authority at a value of $3.2 million.
“Rock Lititz is grateful to the Commonwealth Financing Authority for its investment in the local community through this loan, and to the EDC Finance Corp. for its important role in facilitating the loan, sharing in our vision and supporting our plan of investing in future growth,” Shirk said.
According to Lisa Riggs, president of the Economic Development Co. of Lancaster County, Rock Lititz is an ideal project because it is a solid business. By breaking new ground, it continues to be a driving force in Lititz and in Lancaster County.
A planned lodging and dining facility is separate from the Pod 2 project and is in the planning phase, Shirk said.