Lehigh Valley Apartments Are Still Booming With No Bust In Sight, Experts Say

When Mark Mulligan saw how fast his new apartments in Easton’s former Pomeroy’s building were leasing, he started snapping up more city properties for more rentals.

Now more developers are jumping on board. In one week alone this month, three new apartment projects were announced in the Easton area, including a plan for 240 apartments at an abandoned industrial site in Palmer Township.

City Center Lehigh Valley is building 370 apartments in Allentown, 570 apartments have been approved along Freemansburg Avenue in Bethlehem Township and the long-stalled Dixie Cup factory renovation in Wilson Borough appears to be finally starting with plans for 250 apartments.

There’s no denying that the Lehigh Valley is in the midst of an apartment boom. But will there be a bust?

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2015/02/lehigh_valley_apartments_are_s.html

Philly’s On A Roll

Kat Clark, 25, has chosen to make a home in West Philadelphia after graduating in 2012 from Swarthmore College.

“It’s just a great place to live,” she said as she sipped coffee at La Colombe in the shadow of City Hall. Though the Chicago-area native considered relocating to New York City after school, the lure of Philadelphia’s cultural offerings, combined with the city’s comparative affordability, proved too tempting.

“There are a lot of artistic people around and this great academic scene,” she said, ticking off a laundry list of attributes that drew her to move here. “It’s not too large, but you can still do everything else you would do in a big city.

“In Philly, there’s still a lot going on, but you have space to grow,” echoed her friend, 24-year-old Tayarisha Poe.

Read more:  http://www.philly.com/philly/news/Philly_is_on_a_national_roll.html