Photo by Dani Fresh
A sprawling, problematic affordable housing development in Harrisburg is on the sales market.
After filing for bankruptcy in May, Baltimore-based Uptown Partners, LP now is in search of a buyer for the Residences at Governor’s Square, a large swath of properties that have received hundreds of code violations and condemnations.
Hilco Real Estate Sales is handling the sale of the 222 units, which span 27 buildings, and accepting bids through Nov. 30. There is no formal asking price for Governor’s Square.
Uptown Partners initially filed for Chapter 7 bankruptcy, with their attorney stating in May that they ran out of money to operate the complex. However, after realizing that the quick liquidation process, which typically characterizes Chapter 7 filings, might not be the best option, they transitioned to Chapter 11 in August. At the August bankruptcy court hearing, they stated that they hoped the change in status would provide them more time to find a buyer.
For several years, residents of the complex have raised concerns about mold, leaky roofs and rodents, along with other quality-of-life issues at Governor’s Square. Uptown Partners has also received hundreds of code violations, and several of its buildings have been condemned and placarded, deemed unfit for habitation.
As the developer seeks a buyer, Uptown Partners has enough money to continue operations “for now,” their attorney Robert Chernicoff told TheBurg in August.
According to the real estate listing, 85 of the 222 units are currently vacant. Governor’s Square properties consist of a mix of one-, two-, three-, four-, and five-bedroom units.
While in bankruptcy, any sale of Governor’s Square will need to be approved in court by Chief Judge Henry Van Eck of the U.S. Bankruptcy Court for the Middle District of Pennsylvania.
If you like what we do, please support our work. Become a Friend of TheBurg!
