Completed in July 2017, NorthPark Apartments consists of two three-story luxury apartment buildings. It has an excellent unit mix with 46% one-bedroom units rang-ing in size from 825 to 892 square foot, and 54% two-bedroom/two-bath units at 1,225 square foot. Each unit features high-end kitchens with quartz countertops, microwave, dishwasher, energy-efficient stainless steel appliances, 9-foot ceilings, modern baths, full-size washer and dryer, ample closet space and a private extended balcony or patio. Tenants pay electric, gas heat, hot and cold water. Property amenities include an elevator in each building, tenant lounge, fitness studio, dog park and dog spa. In addi-tion to these amenities, the property is adjacent to Northside Athletic Complex and Bethlehem Township Municipal Park and Community Center which provides tenants with wonderful walking/bike paths, an outdoor picnic area, playground, volleyball court, horseshoe pit, multiple athletic fields, indoor swimming pools, and more.
The rental market surrounding NorthPark Apartments is very strong. NorthPark is best served by its strategic proximity to some of the Lehigh Valley’s top employers. One of the main drivers in the area is St. Luke’s Hospital located just two miles from NorthPark. In 2011, St. Luke’s opened the Anderson Campus on 520 acres. At the time it includ-ed a 108-bed hospital, state-of-the-art cancer center, and a medical office building dedicated to bone and joint, heart and vascular, and primary care medicine. In 2013, the hospital expanded its emergency department by doubling the number of treatment rooms and tripling the staff. Currently, the hospital supports over 600 high-paying jobs in the medical field and has recently announced that the hospital will be undergoing a $100 million expansion by 2020. In addition, FedEx Ground is now hiring the hundreds of employees it will need to fill a $335 million Northampton County package-sorting plant scheduled to open in the Fall of 2018. Further, online retail heavyweight Amazon.com set to hire more than 500 full-time workers for its second fulfillment center in the Lehigh Valley in the burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon opened a 1.1 million-square-foot warehouse in the 800-acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the re-gion. The Amazon facility is the largest tenant of the Chrin complex, which already counts as occupants worldwide brands Porsche and Mondelez Global. Less than one mile from the property is the Lehigh Valley Industrial Park VI, which is a 188-acre light industrial and office business park with many large employers. Other nearby companies include Air Products, B. Brown Medical Inc. and Sands Casino. In addition to the many businesses in the surrounding area, numerous big-box retailers can also be found within a short dis-tance of the property, including: Best Buy, Dick’s Sporting Goods, Walmart, The Home Depot, and Lowe’s Home Improvement, as well as major grocery chains like Aldi, Giant Food Stores and ShopRite.
NorthPark Apartments presents a unique opportunity to purchase a newly-constructed apartment community centralized within the quickly expanding and highly-desirable Lehigh Valley.
