The first step in creating a massive new office, retail and residential project along the Lehigh River in Allentown has begun.
The Waterfront Development Co. started demolition this
morning on the 13 acres that comprise the first part of the $300 million
Waterfront project.
Aside from office, restaurant and retail, plans for the
26-acre former site of the Lehigh Structural Steel Co. include public walking
trails and an outdoor plaza and parking deck.
The Waterfront Development Co. is a partnership between
Jaindl Properties, Michael Dunn Co. and Dunn Twiggar Co.
The first building, 615 Waterfront Drive, is 170,000 square
feet, eight stories and will have retail and restaurant space with offices on
the upper floors. The total Waterfront project includes six office buildings
and three residential buildings. All buildings will have first-floor retail.
The entire project should take about eight years to
complete. Demolition should take two to three months, with the timing adjusted
as needed.
Neuber Demolition & Environmental Services of
Phoenixville is handling demolition, while Whiting-Turner, a firm with an
office in Upper Macungie Township, is construction manager for the first
building.
“Our project is growing a little, as well,” said Mark
Jaindl, co-founder of Jaindl Properties.
The company bought the Lehigh Valley Dairy property, which
gives flexibility to the Waterfront developers.
“It allows us room to build in the future if we need to,”
said Zachary Jaindl, chief operations officer of Jaindl Properties.
The site serves as the entrance point to the Waterfront and
offers the potential for additional parking or future building space if needed,
he added.
Source: LVB.com
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