Construction has begun on a Bethlehem Township development
near Route 33 that would add more than 800 residential units and 130,000 square
feet of retail space to the area.
Aside from the retail component, the Madison Farms plan calls
for 57 single-family houses, 210 townhouses and 570 apartments.
The project has been in planning for several years, and KRE
Group of Bridgewater, N.J., has begun preliminary site work for the Madison
Farms project, said Jeff Persky, executive vice president for KRE Group.
The state Department of Transportation recently issued
several highway occupancy permits to allow construction to begin on the Madison
Farms site and let KRE obtain access to the property, said Ron Young, PennDOT
spokesman.
For the first part of the project, work is underway to build
a ShopRite supermarket, with occupancy no later than the first quarter of 2015,
followed by the apartments, which could be built, rented and ready for
occupancy by the second quarter of 2015, Persky said. The company plans to
build the townhouses and single-family homes during the second part of the
project.
The ShopRite will be 67,000 square feet, and construction
costs for the first part of the retail component are about $50 million, Persky
said.
"Some ancillary stores we will be announcing
shortly," Persky said. Restaurants will be added, Persky said.
The site is on a tract of farmland not far from the new St.
Luke's Anderson Campus on Freemansburg Avenue near Route 33.
"We feel it's a very prime spot," Persky said.
"I think the confluence of Route 33, Freemansburg Avenue, the existing
shopping centers and St. Luke's makes us an ideal, mixed-use commercial
spot."
This is the company's third similar project in Pennsylvania,
Persky said. KRE also built Liberty Park, a luxury apartment project in
Allentown, and Parkland View, a garden apartment project in Upper Macungie
Township.
Source: LVB.com
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