3948 Portland Street

TO BE BUILT - 3948 Portland St, Coplay PA 18037 - FULLY APPROVED 39-UNIT MULTIFAMILY DEVELOPMENT IN NORTH WHITEHALL TOWNSHIP - FINAL APPROVALS ARE IN PLACE - BUILDER IN PLACE - MYLAR IS READY TO BE RECORDED - NPDES PERMIT IS APPROVED. ACT 2 ENVIRONMENTAL CLEARANCE IS COMPLETE - DEMOLITION PERMIT CAN BE PULLED IMMEDIATELY. SHOVEL READY PROJECT - CURRENT MUNICIPAL INSPECTION ESCROW OF APPROXIMATELY $20,000 IS ALREADY ESTABLISHED FOR CONSTRUCTION - PP&L HAS AGREED TO RELOCATE THE POWER LINES AT NO COST TO THE PROJECT, ELIMINATING APPROXIMATELY $80,000 IN ANTICIPATED COSTS - CURRENT CONSTRUCTION BUDGET INCLUDES APPROXIMATELY $500,000 IN CONTINGENGY - ADDITIONAL VALUE ENGINEERING AND REBIDDING OPPORTUNITIES STILL EXIST WITHIN THE CONSTRUCTION BUDGET - LOCATED WITHIN THE LEHIGH VALLEY GROWTH CORRIDOR WITH CONVENIENT ACCESS TO ROUTE 22, ROUTE 309, AND I-78 - POSITIONED TO BENEFIT FROM THE NEW ELI LILLY MANUFACTURING CAMPUS IN UPPER MACUNGIE TOWNSHIP, A $3.5 BILLION INVESTMENT EXPECTED TO BRING APPROXIMATELY 850 PERMANENT JOBS AND THOUSANDS OF CONSTRUCTION JOBS TO THE REGION.