Center City Allentown High-End Apartments Renting Far Faster Than Expected, Developer Says

English: View of Allentown City from east side

English: View of Allentown City from east side (Photo credit: Wikipedia)

Developer J.B. Reilly has been building apartments for 25 years, but he’s never seen demand like he’s seeing now for his high-end apartments in Center City Allentown.

His company, City Center Lehigh Valley, announced Sept. 8 it was accepting deposits for 170 apartments in the under-construction Strata Luxury Flats at Four City Center. Two months later, almost half have deposits on them.

“I’ve been in the apartment development business my whole career and we’ve never experienced this kind of demand – even close to this kind of demand,” Reilly said Friday.

The interest in the apartments is tied to the new attention on Allentown’s downtown, Reilly said. In recent months, new restaurants, office space and a minor league hockey arena have opened, with Reilly leading much of the development.

Read more: http://www.lehighvalleylive.com/allentown/index.ssf/2014/11/center_city_allentown_high-end.html

Allentown Could Be Blueprint For New Development

English: City of Allentown from east side

English: City of Allentown from east side (Photo credit: Wikipedia)

ALLENTOWN, PA – Three years ago, run-down tattoo parlors and pawnshops dominated Hamilton Street, the main drag in Pennsylvania’s third-largest city.

Now they’re gone, replaced by high-tech firms, high-end restaurants, and a burst of construction activity. In 22 months, seven buildings of at least 10 stories have gone up along Hamilton Street, and two older buildings were rehabbed. The centerpiece is the PPL Center, a new, gleaming, 10,000-seat arena that this week opens as the new hockey home of the Lehigh Valley Phantoms, the Flyers’ minor league affiliate.

Bolstered by special legislation that diverts most of the state taxes on new development within a 130-acre urban zone, supporters say what’s happened in Allentown could be a blueprint for other long-suffering small cities eager to shed their industrial past.

“I think we’re trying to change the Allentown identity,” Mayor Ed Pawlowski said over lunch Thursday at the Hamilton, one of five new downtown restaurants. “It was so jerry-rigged over the years there wasn’t much of an identity left.”

Read more at http://www.philly.com/philly/news/nation_world/20141012_Allentown_could_be_blueprint_for_new_development.html#elAVd62cIEa7dzdL.99

Allentown Developer Announces New Project, Possible Rooftop Restaurant

English: City of Allentown from east side

English: City of Allentown from east side (Photo credit: Wikipedia)

The developer already behind $500 million of development in downtown Allentown has something new up his sleeve.

J.B. Reilly announced plans Wednesday to renovate a blighted vacant building at Eighth and Linden streets, turning the ground level floor into 4,000-square-feet of retail space.

The upper floors of the three-story building will become either apartments or office space, and a rooftop restaurant could be established there as well, Reilly said.

“We think this is a really important project because it’s sort of the gateway into the residential neighborhood,” said Reilly, president of

City Center Lehigh Valley. “We think it’ll have a pretty big impact on the neighborhood outside the NIZ.”

Read more: http://www.lehighvalleylive.com/allentown/index.ssf/2014/10/allentown_developer_announces.html

Plans For $100 Million Allentown Building Move Forward

English: City of Allentown from east side

English: City of Allentown from east side (Photo credit: Wikipedia)

One of the newest major office buildings planned by developer J.B. Reilly moved forward another step tonight.

The $100 million Five City Center received conditional approval, one of several steps in the early stages of the City Center Lehigh Valley project. Plans for the building were announced in March.

No tenant has yet been identified for the 250,000-square-foot building, but construction could begin as early as mid-2015, City Center spokesman Jeff Vaughansaid. The building could be as many as seven floors tall.

Planned for Walnut Street between Seventh and Eighth streets, the building could serve up to 1,000 workers and will include a 1,078-space parking deck, which will include some underground parking.

Read more: http://www.lehighvalleylive.com/allentown/index.ssf/2014/05/plans_for_100_million_allentow.html

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Air Products To Set Up Shop In Downtown Allentown

The PPL Building (seen here in the distance) i...

The PPL Building (seen here in the distance) is the tallest building in Allentown, Pennsylvania. (Photo credit: Wikipedia)

Downtown Allentown has attracted a new tenant — one of the region’s nameplate companies.

Air Products of Trexlertown said Thursday it had signed a lease for space at Two City Center, the 11-story office tower being built on the site of the former First National Bank building at Seventh and Hamilton streets, across from the city’s new hockey arena.

The company — one of two Fortune 500 companies in the Lehigh Valley and the region’s third-largest employer with more than 3,600 local workers — expects to move its liquefied natural gas commercial and engineering teams to the building next summer.

“We feel locating these teams at this new development is a meaningful contribution and visible commitment to the revitalization of the city,” Air Products Senior Vice President John Stanley said in a news release.

Read more: http://www.mcall.com/news/breaking/mc-air-products-leases-city-center-space-20130808,0,7399771.story#ixzz2bXcxcx9L
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