The Waterfront, the most recent addition to the Jaindl Properties Signature Projects list, is the redevelopment of twenty-six acres along the Lehigh River in Allentown, Pennsylvania. The project will transform the previous Lehigh Structural Steel site within the city’s limits into a vibrant mixed-use riverside district. With its location within Allentown’s Neighborhood Improvement Zone, commercial space sitewide offers extremely attractive achievable rental rates.
The site will offer over 600,000 square feet of Class A office space, more than 170 market rate apartments, street level retail and brand new restaurant and nightlife opportunities for tenants, residents and visitors alike. With more than a half-mile of direct river frontage, the project’s signature River Walk will provide a place for outdoor recreational activity, urban programming and direct river access for unique opportunities to experience the river like never before.
With nearly 1,000,000 square feet of premium space amongst it’s nine brand new buildings The Waterfront will offer over 2,000 construction jobs through build out and thousands of new permanent jobs upon completion. Real estate taxes across the site will increase more than 3,200% bringing in new tax revenue for urban school districts, police force and infrastructure improvements among other potential uses.
Located just minutes from Route 22 off the Fullerton exit and directly adjacent to the new American Parkway bridge, The Waterfront is both easily accessible and in close proximity to many of the Lehigh Valley’s larger attractions, including Coca-Cola Park and the brand new PPL Center, home to the Lehigh Valley Phantoms. With two on-site parking garages, three on-site surface lots
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