Keystone Trade Center Progress Continues
As part of the mammoth NorthPoint redevelopment at the former U.S. Steel site, an existing tenant will relocate, while construction continues on the multi-phase project.
During last weeks Falls Supervisors meeting, the board granted preliminary and final land development approval to NorthPoint to construct a 115,200-square-foot storage facility for Morton Salt at 10 Solar Drive.
The salt company’s existing space would be demolished to allow for a “more cohesive development,” according to NorthPoint attorney Mike Meginniss.
Meanwhile, Falls Township engineer Joseph Jones said construction is underway on building one in NorthPoint’s first phase of construction. The developer is close to constructing full site improvements. In addition, NorthPoint’s second phase, which includes buildings four, five and six is “at the finish line,” according to Jones.
“All the things are in order,” Jones said. “At least one of the buildings will be under construction in the next couple weeks.”
NorthPoint has three phases in play, consisting of five large warehouse buildings. The developer plans to revitalize 1,800 acres of the former U.S. Steel site by constructing 20 or more state-of-the-art industrial warehouse buildings totaling 10 million square feet, with the potential for 15 million square feet. Officials have said that once complete, the redevelopment will create as many as 14,000 new jobs.
Falls Township and NorthPoint announced recently that a new distribution center is slated to open Fall 2023.
Construction on the new 1,159,849 square-foot facility is currently underway at Keystone Trade Center. The distribution center is the latest example of the economic growth in Falls Township and is expected to employ a mix of full and part-time team members. The major transportation company coming to Keystone Trade center is the first company to sign a brand-new lease in a brand-new Class A industrial facility.
The overall development is expected to continue for another five or six years, according to NorthPoint Development Director of Development Jeremy Michael.
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.