Jaindl Unveils “Next Steps” at 2018 Economic Outlook Update

Enterprises | March 27, 2018

Future Timelines & Apartment Building Details Were Unveiled

Mark and Zachary Jaindl, founders of Jaindl Enterprises and the lead developers behind The Waterfront project, presented their portfolio of projects at the Greater Lehigh Valley Chamber of Commerce’s annual Economic Outlook. The sold-out event, held at the Marriot Renaissance, was attended by more than 275 business leaders from around the Lehigh Valley.

At our core we are preservationists. We understand the importance of promoting smart urban growth and look to bring new opportunities to Allentown through unique opportunities designed to drive social and economic growth in the city we call home.

Zachary J. Jaindl Jaindl Enterprises Chief Operations Officer + Founder

Jaindl updated the audience on the status of Vault 634, the adaptive reuse of a historic Allentown landmark. The wedding and event center will open its doors on May 1st, 2018. The boutique venue can accommodate 215 individuals at a seated dinner and 430 individuals at a cocktail reception.

Jaindl also walked the audience through the though thought process behind The Waterfront’s design. Audience members were given a first-look at 560 Waterfront Drive, a 206-unit apartment complex designed with aesthetic features to call back to the site’s industrial heritage.

The building will be comprised of studios, one-bedroom, and two-bedroom units ranging from 600 square feet to 1,600 square feet. 560 Waterfront will be offering a central courtyard complete with a pool, outdoor grills, fireplaces and a yoga lawn. The complex will boast a center media room, private work offices, a group kitchen and a fitness center among other amenities. 560 Waterfront’s Rooftop will harness a variety of amenities to create a social environment with sweeping vistas of the Lehigh River. Construction will begin in Summer 2018.

Jaindl Enterprises was founded by Mark and Zachary Jaindl in 2011. The father-son team built a strategic blueprint designed to harness the potential of the region’s historic buildings and sites while creating new and unique opportunities for Lehigh Valley residents and visitors.

Philanthropy

The Lehigh Valley has been our home for more than five generations. Our mission is to support the organizations working to change it for the better.

President / CEO

Mark W. Jaindl

Mark W. Jaindl is an entrepreneur, developer, banker, and philanthropist. Mr. Jaindl started his career with his father in the family business, where he worked as Chief Financial Officer. In 1996, Mr. Jaindl founded American Bank., a $700 million commercial bank, where he continues to serve as President, CEO, and Chairman. In 2011, Mr. Jaindl co-founded Jaindl Enterprises, a vertically integrated portfolio of family-owned companies based in Allentown, PA.

In addition to his business ventures, Mr. Jaindl volunteers his time as a board member and leader of multiple nonprofits throughout eastern Pennsylvania, including Camelot For Children, America On Wheels, and Good Shepherd Rehabilitation.

COO

Zachary J. Jaindl

Mr. Zachary J. Jaindl is a businessman and philanthropist responsible for establishing cross-company synergies and maximizing efficiencies through innovation. As Chief Operating Officer and Co-Founder of Jaindl Enterprises, Mr. Jaindl manages portfolio operations, real estate acquisitions, operations financing, project leasing, and general management of each division and their respective departments.

Since co-founding Jaindl Enterprises in 2011, Zachary has overseen each of the portfolio’s brands’ operational start-up, managed millions of dollars in real estate development and redevelopment efforts, and personally directs The Waterfront project: a $350 million lifestyle development along the Lehigh River’s western banks.