The Falls Township board of supervisors recently granted approval for progress to continue on the massive redevelopment of the former U.S. Steel site. The group voted unanimously to grant preliminary and final land development approval of the second phase of the NorthPoint Redevelopment project, which includes construction of warehouse buildings four, five and six.
Each structure will be more than 1 million square feet, for a total of 3.1 million square feet in all. The buildings will be constructed on 188 acres of land situated at the southeast corner of Old Bordentown Road and S. Port Ave. in the Keystone Trade Center.
The board authorized phase one of the development last year, which includes construction of the first three warehouse buildings. Building three is currently under construction.
Jeremy Michael, NorthPoint’s director of development, said he hopes to have the first tenant occupying space by the end of the year and anticipates breaking ground on the buildings for phase two this year, with completion in 2023.
The overall development is expected to continue for another five or six years, with some full-time jobs available this year and more “ramping up” in 2023, according to Michael.
Throughout the course of the redevelopment, NorthPoint intends to construct up to 15 million square feet of warehousing, creating between 5,000 and 10,000 new jobs. The project would be conducted over multiple phases with construction of 20 or more state-of-the-art industrial warehouse buildings for various Fortune 500 companies.
The developer will invest $1.5 billion into the transformation of the site. In all, NorthPoint will spend an estimated $40 million to $45 million to remediate the site.
