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After decades of spreading out, Allentown could be growing up, its skyline altered by the Lehigh Valley's tallest building.
Developer Bruce Loch unveiled plans Wednesday for the 33-story Landmark Tower at Ninth and Walnut streets. The $60-million project would include nearly 200,000 square feet of office, retail and residential space and eclipse the vacant Martin Tower, the former headquarters of Bethlehem Steel and the Valley's tallest building, by 20 feet.
Loch, an experienced residential builder in the Lehigh Valley with more than $100 million in development under his belt, is making his first foray into this type of project, which he said would be on a lot owned by the Allentown Parking Authority, next to the authority's garage on Walnut Street.
The property is in the city's one-of-a-kind Neighborhood Improvement Zone, which allows developers to tap tenants' state and city taxes, not including property taxes, to finance construction.
Plans, which are in the early stages, call for retail on the ground floor of the tower, topped by 19 stories of offices. Above that would be 10 floors of residential space — of those, six would be for apartments and four for condominiums. The top three floors of the building would be a restaurant and conference center.
Source:
http://articles.mcall.com/2013-03-28...provement-zone