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Developer J.G. Petrucci Company said it is nearing completion on two multifamily apartment communities, including one in Bethlehem.
The Gatehouse is a five-story, 44-unit apartment building with 5,600 square feet of street-level retail space on Polk Street in Southside Bethlehem.
Construction is currently taking place on what Petrucci described as a tight infill site directly adjacent to the Polk Street Parking Garage.
The project is being done in partnership with Peron Development and is part of a broader effort to invest in the rapidly growing Third Street corridor.
“Building on a tight infill site like this one has its challenges, but the end result will definitely be worth it,” said Peter Polt, executive vice president at Petrucci. “The Gatehouse puts new homes and retail right in the center of the action in Southside Bethlehem.”
The second project is the Station at Hatboro, a three-story, 102-unit community with 4,732 square feet of ground-floor retail space, located on North York Road in Hatboro.
Petrucci described that project as a redevelopment of a run-down mixed-use site that housed a mix of small commercial buildings.
Features will include studio, one- and two-bedroom apartment units, a fitness center, and resident lounge.
Both projects involved the redevelopment of obsolete properties and are strategically located to offer easy access to transportation and amenities. Petrucci’s in-house construction firm Iron Hill Construction Management is managing both projects.
The Gatehouse and the Station at Hatboro are both expected to be completed this spring.