The Waterfront Commences Demolition

The Waterfront | July 24, 2014

Jaindl Properties and Dunn Twiggar Company, together The Waterfront Development Company, commenced demolition today on pre-existing buildings located in Phase I of their $300 million project along the western banks of the Lehigh River in Allentown, Pennsylvania.

Demolition started with “Shop 2”, a former Lehigh Structural Steel Building, near the southern end of the site. Demolition on the remaining buildings in Phase I is expected to take approximately three months.

In addition to the demolition, The Waterfront partners unveiled renderings of 615 Waterfront Drive and the site’s signature River Walk. 615 Waterfront Drive, the eight story building slated to be the first constructed at The Waterfront, will be comprised of 150,000 square feet of Class A office and 20,000 square feet of street level retail and restaurants. The River Walk will extend along the half-mile of the project’s direct river frontage and will offer walking and running paths, programmable amphitheaters, and two floating docks.

The Waterfront proudly announced that Edward Jackowski will be joining their team as the Director of Construction. Mr. Jackowski has had recent experiences with large-scale projects, like the new PPL Center in Allentown’s center city, and will be overseeing construction of the infrastructure and buildings at The Waterfront.

Lastly The Waterfront Development Company announced today that they have expanded their site to include the adjacent Lehigh Valley Dairy Building on Furnace Street in Allentown. The new addition is not part of Allentown’s Neighborhood Improvement District, but will grow The Waterfront’s total land by approximately 7%. The addition can be used for parking or market- driven future growth.

“Today marks the first step toward the redevelopment of The Waterfront, and the entire transformation of Allentown Riverfront District.”

Mark Jaindl President

Philanthropy

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President / CEO

Mark W. Jaindl

Mark and Zachary Jaindl co-founded The Waterfront Development Company in 2012, after identifying the twenty-nine-acre campus as an ideal catalyst for an entirely new district. In addition to serving as President and CEO of The Waterfront Development Company, Mark is President, CEO, and Chairman of American Bank, Inc.

COO

Zachary J. Jaindl

Mark and Zachary Jaindl co-founded The Waterfront Development Company in 2012, after identifying the twenty-nine-acre campus as an ideal catalyst for an entirely new district. In addition to serving as COO of The Waterfront Development Company, Zachary is COO of Jaindl Enterprises: a consortium of family-owned companies dedicated to introducing economic and social progress throughout the City of Allentown and the Lehigh Valley as a whole.