ALLENTOWN, Pa. - The sale of a well-known landmark in Downtown Allentown has been finalized.
PPL Electric Utilities announced Friday that it has finalized the sale of its 24-story 2 North Ninth Street Tower Building and office complex to Pennsylvania-based developer D&D Realty Group for $9 million.
According to a news release from PPL, the developer plans to transform the approximately 450,000 square feet of property into new mixed-use commercial spaces, apartments, and other amenities.
PPL Building lit up green in anticipation of the Super Bowl on Sunday when the Philadelphia Eagles take on the Kansas City Chiefs - Photo courtesy Lehigh Valley Fire Scene Photos
PPL Corporation, the parent company of PPL Electric Utilities, now has its headquarters at Two City Center in downtown Allentown.
Established in 2010 and based in Scranton, D&D Realty Group is recognized statewide for its redevelopment projects, which involve converting properties into mixed-use commercial and residential units with amenities such as restaurants, storage, and grocery stores, as stated in PPL's news release.
D&D Realty Group includes investors Nicholas Dye, Casey Donahue, and John P. Carson III for this transaction.
PPL Corporation reached a preliminary agreement with D&D Realty Group in March 2024 to sell its iconic former headquarters.
The Pennsylvania Public Utility Commission approved the sale of the PPL Tower in July 2024, according to the office of Pa. Sen. Nick Miller.
What are your thoughts? In addition to apartments, what would you like to see go in there?
Many have also asked on social media if it will still be lit up once the building has been transformed.
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.
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