Mid Atlantic Real Estate Journal — Shopping Centers — December 21, 2012 - January 10, 2013 — 19A
www.marejournal.com
B est of 2012 P rojects and D evelopments Featured Project of the Month - October 12, 2012 Eastern PA ALT Realty represents new development William Penn Commons A fter months of meet- ings with engineers, planners, elected offi-
additional local and state tax revenue for schools and local services. The developer has engaged many local professionals includ- ing Schlouch Construction for the site work, Langan Engi- neering for the site engineering and MKSD Architects for the building design and engineering components. Lafayette Ambas- sador Bank will be providing the financing for the vertical construction. In addition the developer has engaged ALT Realty, LLC of Bethlehem PA to represent the owner in the marketing and leasing of the retail and office space. n
cials, and attending numerous public meetings Novak Ven- tures of Saucon Valley finally received approval in September 2012 for a new retail and office development in the eastern portion of Bethlehem Township Northampton County called William Penn Commons. The development consists of approxi- mately 8.7 acres and is located .25 miles west of Rt. 33 along William Penn Highway. The site offers 4 separate pad sites ranging in size from about a half-acre up to almost two acres. Also planned for the site are two additional buildings that will house an approximately 14,164 s/f of retail and the other build- ing will offer both retail- 13,300 s/f and second floor office space totaling over 13,000 s/f. The exterior design of these retail/ office buildings will be modeled after the current “life style” outdoor malls that have been constructed recently in Saucon Valley Area and at the Lehigh Valley Mall. Sheetz convenience store will occupy one corner pad
site and is scheduled to be open for business early 2013. Discus- sions are ongoing with several pharmacies and fast food res- taurants for the other pad site that fronts on William Penn Highway. Several banks have expressed interest in another pad site. The interest in the site is strong. Several local vendors and national franchises have inquired about the site. Leas- ing negotiations are underway currently with several of them. The retail component will be a healthy mix of restaurants, spe- cialty retail shops, and personal services. The estimated time for completion for this retail compo- nent is late first quarter 2013.
Because the site is directly across from Farmersville el- ementary school and to alleviate concerns from school officials and parents the developers will provide a safer entrance way for the school by providing a dedicated right turn lane for east bound traffic along William Penn Highway. In addition the developer will be installing a signalized traffic light to better control the traffic through the area during school day peak traffic flows in the morning and afternoon as well as other times of the day. The developer will be adding dedicated left turn lanes and entrance lanes for the complex.
This development will be creat- ing numerous construction jobs over the next several months as well as permanent jobs at the business that relocate there. The site will also generate
P roject T eam Architect.............................................................................MKSD Architects Civil Engineer................................................................Langan Engineering Developer.......................................................................Ashley Development Financial Institution..........................................Lafayette Ambassador Bank Leasing Agent..................................................................... ALT Realty, LLC Leasing Attorney................................... Norris McLaughlin & Marcus, P.A. Site Contractor........................................................... Schlouch Incorporated
L easing A gent
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Think you can beat the competition?
· Pad Sites Available for Purchase & In-Line Space for Lease · Over 26,000 SF of Retail Space Available, divisible to 880 SF · Over 11,000 SF of Office Space Available · 1/2 Mile west of Route 33 · Signalized Entrance with 18,000 vehicles per day · Over 46,000 population within 3 mile radius · For sale/Lease Rates : Contact Greg Schiavone, Broker Contact information: gschiavone@alt-realty.net - 610. 428.3484 William Penn Commons - New Retail/Office Space
7065 William Penn Highway , Easton, PA 18045
Main Street Commons
· Retail and Office Suites Available · 60,127 SF, 3 story, building located in the Heart of Downtown Bethlehem · This one hundred seventy-six year old building was formerly home to Orr’s Department Store · Now home to the Valley’s favorite specialty retailers and restaurants · Easy Access to Routes 378, 22, and 33
For 2013 Be a part of the Mid Atlantic Real Estate Journal's 6 th Annual Retail Design Competition Call or email today to be added to the list to receive your 2013 Retail Design Competition Entry Form Elaine Fanning 1-800-584-1062 ext. 212 efanning@marejournal.com
· For Lease Rates: Contact Jennifer Gold, Associate Contact Information: jgold@alt-realty.net - 610.570.0095
559 Main Street, Bethlehem, PA 18017
The Farrs Building
· Adaptive re-use of a 5-story, 30,000 SF building · 5,495 SF of street level retail available on first floor with an additional 2,345 SF available · Twenty four units on upper floors · 1920s neoclassic building, located at the Northwest corner of Broad and New Street, in Bethlehem
· For Lease Rates: Contact Jennifer Gold, Associate Contact Information: jgold@alt-realty.net - 610.570.0095
2 West Broad Street, Bethlehem, PA 18018
610.332.9900 Residential Commercial Retail Relationships Versatility www.alt-realty.net
Deadline: October 1, 2013 • Issue Date: October 25, 2013
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