Dixie Commons – Globest States Timing Is Right For Development
Globest.com‘s Natalie Dolce, recently wrote an article discussing the trend of redeveloping older, often historic buildings that currently lay vacant across the country. In her article, Natalie highlighted Dixie Commons in Easton, PA, a former plant for The Dixie Cup Corporation that is being redeveloped by Glendon Properties of Lehigh Valley, Pennsylvania.
The property offers four stories with 600,000 square feet of space that will be redeveloped into a mixed-use facility, offering residential, retail, and office leasing. The Garibaldi Group’s Michael Bartolacci, heading the firm’s Lehigh Valley office, has been awarded the exclusive broker assignment for office leasing. This opportunity along with Garibaldi’s exclusive office representation of Bell Works, the two million square foot building in Holmdel, NJ provides Garibaldi with the opportunity to represent two unique redevelopment projects.
Dixie Commons has a significant history in the regional PA communities and the plans for its redevelopment have received a lot of attention from residents, businesses and real estate professionals alike. Describing the surrounding area, Joe Reibman, President of Glendon Properties and the visionary behind Dixie Commons states, “(Easton) is only 60 miles to New York City, we have major employers nearby and 11 colleges and universities in the area. Approximately 25,000 people from the Lehigh Valley commute to work – many of them to Manhattan…Easton can certainly support new housing and there is also good demand for office space here”.
Reibman acknowledged that they are currently addressing the site’s environmental work which should be completed by year end. Next steps will be to renovate the exterior of the building. Apartments and office space will be built out in phases beginning in 2016. The ground floor retail space will compliment its residential and office tenants. Reibman anticipates a restaurateur will occupy some of this space and there are tentative
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