A staple among the skyline of downtown Allentown, Pennsylvania, the 24-story PPL Tower has been acquired by Wilkes-Barre-based D&D Realty for US$9 million. The recently completed sale follows PPL Electric Utilities’ decision to relocate its headquarters to Two City Center at Seventh and Hamilton Streets nearby.
D&D Realty plans to create a mixed-use property and convert 20 of the building’s floors into more than 100 apartments, with a restaurant on the first floor and commercial tenants on the second floor. The top two floors will be used to house mechanical equipment. The Allentown Zoning Hearing Board approved the adaptive reuse application in December 2023, paving the way for redevelopment.
According to D&D partner Nicholas Dye, interior demolition and reconstruction will begin in early 2025 and is expected to take approximately two years to complete the conversion. The project involves gutting much of the building’s interior while maintaining its exterior structure. Allentown Mayor Matt Tuerk has expressed support for the project, citing the region’s growing need for housing.
Learn more at Lehigh Valley News.