Acquisition and Development opportunity in Downtown Allentown 100 Block N 7th Street

The Allentown Parking Authority is seeking a qualified firm or team to lead the development of a prime site in downtown Allentown, specifically the 100 Block of N 7th Street. The selected developer will be responsible for designing, approving, financing, constructing, and operating a major mixed-use redevelopment project. The project should enhance the livability and economic development of the downtown area, furthering its revitalization as a vibrant residential, business, and recreational destination. Some key points to consider: • The project site is approximately 87,000 sq ft, with the Allentown Parking Authority owning over 63,000 sq ft. • The site is currently used as a surface lot parking, with 175 spaces. • The developer will be required to build structured parking to meet the expected increased demand. • The project should incorporate a mix of affordable and market-rate units, with a focus on workforce housing. • The developer will be required to provide a financial offer for the APA parcel and additional consideration to 7-Eleven and City Center for their current fee interest. • The project should be designed to meet the goals and objectives of the RFP, including revitalizing the underutilized site, supporting a development project that fosters creative use, and complying with 7-Eleven's restrictions and exclusivity requirements.