Search
 

Developer Pegs Steel Site for $175M Mixed-Use

ALLENTOWN, PA-Dunn Twiggar plans the Waterfront, a live, work, play community, on the 26-acre Lehigh Structural Steel brownfield site along the Lehigh River.

By Marita Thomas | Updated on March 05, 2007

ALLENTOWN, PA-Bethlehem-based Dunn Twiggar Co. LLC has unveiled plans for the Waterfront, a mixed-use complex at the former Lehigh Structural Steel site along the Lehigh River. It has applied to the city for creation of an overlay zone, the Riverfront Redevelopment Overlay District, which would allow other uses on the industrial-zoned 26-acre parcel.

The developer obtained funding from the Environmental Protection Agency for testing, which has been completed, according to Ryan Dunn, a Dunn Twiggar principal. “We have the land under contract, and the city planning commission will review the project this month. Modification of existing zoning is critical,” he says, “and our plan is to close on the land if and when our zoning overlay application is granted.”

Mayor Ed Pawlowski has endorsed the project, as has Lehigh County executive Don Cunningham. The land owner is LSS Realty. Dunn declined to disclose the price for the land, but says the all-in cost of the Waterfront is estimated at $175 million, including the land cost.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.