Center City Allentown Construction To Bring 900 Jobs

English: City of Allentown

English: City of Allentown (Photo credit: Wikipedia)

The concrete foundation of Allentown‘s $272 million arena complex has begun to rise at Seventh and Hamilton streets, along with the number of yellow-vested construction workers.

It is a welcome sight to an army of local tradesmen whose livelihoods took a beating in the Great Recession.

For ironworker Carl Graves, 33, of Easton, the arena project didn’t just put him back to work in a tough construction market, it gave him his family back.

With construction in the Lehigh Valley at a near halt the past four years, Graves has had to accept jobs as far as 100 miles away. During his six months working on a job at New York University Medical Center last year, the four-hour round-trip commute left him little time to spend with his wife and sons, ages 5 and 1.

Read more:  http://www.mcall.com/news/local/allentown/mc-allentown-arena-union-jobs-20130119,0,4563413,full.story

Upscale Apartments Coming To Allentown Arena Zone

The PPL Building (seen here in the distance) i...

The PPL Building (seen here in the distance) is the tallest building in Allentown, Pennsylvania. (Photo credit: Wikipedia)

City Center Investment Corp. unveiled plans Friday to build an apartment and retail complex that could bring hundreds of new residents into Allentown‘s evolving downtown by the time the first puck drops at a nearby arena.

A new four-story building at the southwest corner of Seventh and Linden streets would include shops on the first floor and up to 200 upscale apartments across Seventh from the city’s under-construction hockey arena. The apartments, with rents of $1,000 to $1,200, would be available within two years.

The building would be part of a wider plan that involves City Center expanding the vacant Linden Street parking garage to prepare for the arrival of the residents and hundreds of new workers expected downtown by the time the 8,500-seat hockey arena opens in 2014.

“With all that is happening, there is going to be a lot of demand for apartments downtown,” said J.B. Reilly, City Center CEO. “This is the next piece in transforming downtown Allentown into a place where people really can live, work and play.”

Read more: http://www.mcall.com/news/local/allentown/mc-allentown-pa-arena-two-city-center-20121019,0,883946.story

Allentown Hockey Arena Development Grows With $200-Million Office, Hotel Plan

City of Allentown

City of Allentown (Photo credit: Wikipedia)

Downtown Allentown is in line for an unprecedented $200 million in new development, and as much as $500 million if a 10-year master plan pans out, all made possible by its one-of-a-kind Neighborhood Improvement Zone.

And that doesn’t include the planned $158 million hockey arena.

Developer City Center Investment Corp. won approval Tuesday from the Allentown Commercial Industrial Development Authority for $135 million in Neighborhood Improvement Zone financing, subsidized by the state and local tax revenues of its future tenants.

City Center will supplement that with $45 million in additional private financing and private capital to construct four new buildings arrayed around Allentown’s Center Square, including three new office complexes and a 200-room hotel valued at more than $200 million, said J.B. Reilly, City Center co-owner.

Read more: http://www.mcall.com/news/local/allentown/mc-allentown-hockey-arena-development-20120327,0,2828247.story