Allentown PA
Group’s vision of Allentown takes shape
Allentown’s visioning committee unveiled a new vision statement to guide revitalization within the Hamilton Street district for the next decade. The statement says: ”We envision the Hamilton Street District as the commercial and cultural heart of the Lehigh Valley, an attractive, welcoming community, filled with activity and energy, offering employment, dining, arts, entertainment, shopping, and [...]
9Sep2008 | GoValley | 0 comments | Continued
Apartments proposed in Linden Street warehouse
An 88-year-old former silk mill in Allentown PA may get a new life as apartments marketed to professionals working in New York City. Developer Nat Hyman says he wants to turn the third and fourth floors of his property at 315-325 Linden St., a warehouse that was once one of Allentown’s many textile mills, into [...]
9Sep2008 | GoValley | 0 comments | Continued
Another transfer tax revenue loss for Allentown
Allentown Mayor Ed Pawlowski froze all nonessential spending this week to help plug a projected $1.9 million hole in the city’s budget. The city is on pace to see $1.5 million less than projected revenues from real estate transfer fees. The slowing housing market is affecting transfer tax revenue in all municipalities in the Lehigh [...]
8Sep2008 | GoValley | 0 comments | Continued
Two-way traffic for Seventh Street in Allentown?
Allentown officials are considering a switch to two-way traffic on one-way southbound Seventh Street, a gateway thoroughfare into the city. Some Seventh Street merchants and residents think the concept is worth considering as a way to subdue speeding motorists and to bolster business development and pedestrian safety.
Source: The Morning Call, 9.3.08
Mack Trucks moving Allentown HQ
On Thursday (Aug 14), Mack Trucks announced it was closing its Allentown headquarters facility and moving the entire 600-job operation to Greensboro, North Carolina. The move comes as a surprise to many, including Mack employees and elected officials. The company does, however, plan to invest $20-million in the Macungie manufacturing facility and add about 200 [...]
15Aug2008 | GoValley | 0 comments | Continued
Allentown Real Estate: Hot or Not?
The Allentown Real Estate market is really all over the place at the moment. The recent decision by city officials to require city inspections is complicating things for both buyers and sellers within the city.
The problem is mostly with investment properties. Allentown probably has the greatest number of tenant occupied properties in the Lehigh [...]
Lehigh Valley home prices continued to tumble downward in August and the number of homes sold sunk compared to the ...
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