On Monday Jaindl Properties purchased 1425 W. Hamilton Street, one of the historic homes along the West Park’s “Mansion Row.” The 7,358 square foot home was originally built in 1908 by John Taylor, who was applauded for his unique and masterful use of French Empire-Revival style architecture. Mr. Taylor built his fortune in dry goods, finding most of his success after moving to Allentown and opening The Globe Store on the northwest corner of Center Square on the site of what is now the PPL Center.
This is the company’s third acquisition of a historic property in the West Park District. In October 2011 Jaindl Properties purchased 1519 W. Hamilton Street, which underwent a full year renovation to restore the home to its original grandeur. In May 2014 the company purchased 1516 W. Court Street, originally part of the 1519 W. Hamilton Street property, and united the two buildings for the first time in three decades.
Allentown is in the midst of a tremendous redevelopment right now, and while most attention is on our city’s urban core and riverside projects, we should not overlook our other culture-rich districts. West Park’s proximity to Allentown’s urban core makes it an attractive, yet affordable, neighborhood for redevelopment.
Zachary J. Jaindl Chief Operations Officer
While the building was last used as a multi-tenanted office, zoning allows for a multitude of uses. Jaindl Properties plans on running the appropriate analyses to maximize the effectiveness of the space while ensuring community improvement. The building will go under renovation in the 1Q 2015.
Jaindl Properties was founded in 2011 by Mark W. Jaindl and his son, Zachary J. Jaindl. Since its formation the company has embarked on a number of historical renovation, preservation and redevelopment projects, including the Lehigh Valley Trust Building in Center City Allentown and the 1,000,000 square foot redevelopment of the former Lehigh Structural Steel into a vibrant mixed-use development that will be known as The Waterfront.
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.
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.