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Woodmont Plans 206-Unit Rental Complex

BETHLEHEM, PA-Woodmont Mews, a nearly 15-acre residential rental community will break ground in September. The all-in cost is $30 million.

By Marita Thomas | Updated on August 17, 2006

(To read more on the multifamily market, click here.)

BETHLEHEM, PA-Woodmont Properties will break ground in September for Woodmont Mews, a 206-unit residential rental complex on 14.6 acres off Eighth Avenue near Route 378. Lewis Zlotnick, Woodmont’s COO, tells GlobeSt.com the all-in cost is $30 million and expects completion in fall 2007.

The Parsippany, NJ-based developer acquired the land from locally based JG Petrucci Co. Inc. for an undisclosed price. The complex will contain nine three-story buildings with one- and two-bedroom units ranging in size from 1,014 sf to more than 1,391 sf. There will also be a clubhouse and outdoor pool.

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