York-based Royal Square Development & Construction is looking to add another property to its growing portfolio of city real estate.
The busy development company is in the process of buying a former Pewtarex building at 145 N. Hartley St. for future redevelopment. The deal for the vacant 54,000-square-foot industrial facility, a former foundry, is expected to close before Christmas, officials said.
Olde Country Reproductions Inc., which did business as Pewtarex, filed for bankruptcy last year. Much of its assets, including the trademark for Pewtarex, were sold to York-based Precision Alumina LLC, according to the York Daily Record.
Development director Dylan Bauer said there are no immediate plans for the industrial site, which is near Roosevelt Avenue and the York County Economic Alliance office. But Bauer said he expects to release more details on the Pewtarex building next spring.
“We see a lot of potential in that area,” he said. “We see the same potential in this building as we did in The Bond.”
The Bond is an events space on East King Street.
RSDC has been active in downtown revitalization efforts in recent years, especially on Market Street near Continental Square.
This story has been modified from an earlier version to include the correct address of the former Pewtarex site under agreement.