Friday, March 02, 2007
$175 million waterfront project planned for Allentown
Dunn Twiggar Co. plans the development on the former site of Lehigh Structural Steel, parallel to Brick Street. It would include a marina, half-mile riverwalk, amphitheater, hotel, offices, stores, restaurants, apartments, townhouses and condominiums. It would take 10 years to complete and be called The Waterfront.
Company officials said they have a contract to buy the property by mid-summer, pending zoning approvals from the city. They said the development would generate a total of $6.6 million in taxes annually for the city, county and school district, and create 460 new jobs.
"The Waterfront will offer something that no other urban project in the Lehigh Valley has yet been able to offer, a development that is directly on the water," said company principal Ryan Dunn.
Allentown Mayor Ed Pawlowski and Lehigh County Executive Don Cunningham lauded the project for incorporating the river as a focus point.
"It is a great, great asset for the city of Allentown," Pawlowski said of the waterfront. "It is something that needs to be developed."