Friday, November 8, 2013

VM Development Grp Purchases Easton City Hall

VM Development Group LLC acquired the Easton City Hall building at 1 S. 3rd St. in Easton, PA from Easton City for $4 million, or about $55 per square foot. 

The nine-story, 72,720-square-foot office building was built in 1870 and renovated in 1912. This building was owned and occupied by the City of Easton with other tenants leasing space there. 

VM Development Group LLC plans to convert the top four floors into 30-40 residential apartments. The city will use the money from the sale to go towards reducing financing on building projects.

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