Easton Inks First Lease For Proposed Intermodal Project

English: Skyline of Easton, PA from Lafayette ...

English: Skyline of Easton, PA from Lafayette College (Photo credit: Wikipedia)

At least one tenant for Easton’s proposed intermodal center is signed for what passes for perpetuity these days — 99 years.

City Council approved a master lease Wednesday night for the yet-to-be-built intermodal, inking the Lehigh and Northampton Transportation Authority to a long-term deal in return for an upfront payment of $7.2 million. The lease with LANTA is through the city’s parking authority, which in turn will operate the 370-space parking deck and bus terminal portion of the project.

LANTA’s cash payment, derived from a federal transportation grant, is a major source of funding for the $26 million intermodal. Easton Mayor Sal Panto Jr. hopes to couple the LANTA money with grants obtained by the city to cut the amount the city must borrow to no more than $13 million.

Site work for the project started last year after the city demolished a Perkins restaurant and a movie theater on S. Third St. Construction could begin this summer.

Read more:  http://www.mcall.com/news/local/easton/mc-easton-council-approved-bus-terminal-lease-20130227,0,4743558.story

Developer To Buy Former Harley-Davidson West Campus In York County

A developer has signed a sales agreement for Harley-Davidson‘s 58-acre west campus.

Earlier this month, the York County Industrial Development Authority approved the deal with Hillwood Development Company, a Texas-based venture chaired by Ross Perot Jr., the son of former presidential candidate H. Ross Perot.

“The IDA’s goal is to have jobs on that site and employment,” said Blanda Nace, senior manager of development for the York County Economic Alliance and project manager for the authority. “We aren’t real thrilled about it being a parking lot or a storage area.  We want real jobs created there. Hillwood recognizes that.  They have the same goals in mind … that’s part of the reason why they were selected.”

Read more:  http://www.ydr.com/business/ci_22604005/developer-buy-former-harley-davidson-west-campus-york

Callahan Announces Tech Hub Plans For Former Bethlehem Steel Annex

Map of Pennsylvania highlighting Northampton C...

Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)

Bethlehem Mayor John Callahan announced Thursday the city and Sands Casino Resort Bethlehem are in discussions to turn a five-story former Bethlehem Steel building into a technology hub.

The $30 million project, known as Tau, would provide office space for as many as 450 employees working for several companies in an annex building of the Steel General Offices on E. Third Street.

The 125,000-square-foot annex, built in 1952 and the home for Steel’s main frame computers, has been vacant for years and was last used in the 1990s as a temporary classroom for elementary students.

“Tau will recast the former Bethlehem Steel General Office Building East Annex as a fully integrated technology center which attracts companies in every stage,” Callahan said.

Read more:  http://www.mcall.com/news/breaking/mc-bethlehem-callahan-state-of-the-city-20130214,0,1613020.story

Malvern Apartment Complex Nears Completion After 10 Years In The Works

Map of Chester County, Pennsylvania, United St...

Map of Chester County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The developer calls Malvern “the town that time forgot” – its main street lined with Victorian-style houses, small boutiques, and local watering holes like the Flying Pig Saloon.

But Eli Kahn and his partners are betting that a $45 million apartment and retail complex on East King Street will help satisfy urban appetites in one of the region’s most venerable suburbs – and entice empty nesters and young professionals looking for a citified environment outside the city.

Construction on the East King Street redevelopment project began in June and includes two large apartment buildings with 190 units, plus first-floor retail space that Kahn envisions renting to restaurants, coffee shops, and boutiques. The complex, due for completion in August, also is to house a Whole Foods grocery.

Kahn and his partner, David Della Porta, spent several years buying 11 parcels on the site, and the project has been a decade in the making. A house on one small parcel remains because an elderly resident didn’t want to leave her home and declined to sell, Kahn said.

Read more:  http://www.philly.com/philly/news/local/20130204_Malvern_apartment_complex_nears_completion_after_10_years_in_the_works.htmlhttp://www.philly.com/philly/news/local/20130204_Malvern_apartment_complex_nears_completion_after_10_years_in_the_works.html