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Friday, February 10, 2012
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By Jack Smiles jsmiles@psdispatch.com
Times Leader Staff Writer
While it’s a coincidence Senator Raphael Musto announced his retirement the very week the $14 million, 45-unit riverfront condo project began with the demolition of the old Del-Mar dress factory on Kennedy Boulevard, the timing is appropriate as Musto was a prime mover of grant money for what is being called Siniawa project after Daniel Siniawa & Associates, the Dickson City contractor for the job.
The former Bureau of Employment Security building will also be demolished this week as part of phase one.
The money for the project is coming from a redevelopment grant of $476,000, $1.5 million from Pittston’s share of slots machine money over three years, and a state Redevelopment Assistance Capital Program grant of $2.5 million secured by Musto and Rep. Mike Carroll. Siniawa is responsible for the rest, about $10.5 million
The project was originally proposed over five years ago under Mayor Mike Lombardo. The original plans called for two condo towers, with redevelopment also acquiring B&G Beverage, but the project has been scaled back to one tower.
The 5-story tower will have 45 units. Each one will have a balcony overlooking the river.
Though a market analysis study is not complete it is expected they condos will be priced in the $165-185,000 range.
Test borings and a geological study also have to be done before construction can start. If all goes well construction will start in the spring.
The first floor will be commercial space for retail and or offices and there will be parking for 70 vehicles.
The city will retain ownership of the land until the project is complete. At that time, all units will be completely taxable.
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