Wednesday, March 14, 2012

New development coming to Bethlehem Steel property

"Bethlehem Mayor John Callahan outlined $56 million in projects at his annual 'State of the City' breakfast Wednesday morning.

Callahan said Liberty Property Trust has filed plans to construct an 800,000 square-foot warehouse on former Bethlehem Steel property in Lehigh Valley Industrial Park VII.

He also said another 170,000-square-foot project is in the development phase along the Route 412 corridor, former Bethlehem Steel property.

Callahan said Liberty Trust started construction of a 1.2 million square foot warehouse off Commerce Center Boulevard last year.

He said all that represents about $2.2 million of new development and a private sector investment of about $120 million in Bethlehem, much of it speculative because it is being built without tenants.

"If we build it they will come," said Callahan."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.