The first 197 acres, once completed, will house 1,272,500 feet of Class A flex/industrial space. It is anticipated that a total of 522 jobs will be created and a total private investment of $50.9 million is expected.
BOS funds ($4M grant, $6M loan) will be used for infrastructure and engineering costs, with the total project cost being $14,061,064.
SR424 — a special purpose entity of Mericle Commercial Real Estate and the Greater Hazleton Community Area New Development Organization, Inc. (CAN DO) — received the funding for Phase I construction of the proposed Crossroads Point Business Park.
Located in Hazle Township on PA Route 424 along Interstate 81 between exits 141 and 143, the site consists of 693-usable acres of mine-scarred land, located in a federal opportunity zone being developed by Mericle Commercial Real Estate Services in Wilkes-Barre, PA.
About Mericle Commercial
Mericle Commercial Real Estate Services is a privately-owned, full-service, commercial real estate development and brokerage company headquartered in Plains Township, Pennsylvania, near Wilkes-Barre. We were founded in 1985 by Wilkes-Barre native Robert Mericle, and we have become one of the most accomplished developers of industrial, flex, office, and medical space on Pennsylvania’s I-78/I-81 Corridor.
Read the complete article: