By this summer, construction should be well underway to transform U.S. Steel’s Falls Township site from a vestige of the area’s grim industrial past to a harbinger of economic resurrection, reports Bucks Local News.
Rising from the former hulks of steel-producing machinery will be the first 1 million square feet of large-scale warehouse space on the eastern side of River Road, south of Biles Creek, on the eastern portion of the development.
The build-out is expected to advance from that toehold. It will eventually encompass 15 million square feet of warehousing space in 20+ buildings spread across 1,800 acres.
NorthPoint Development, LLC, driving the transformation, estimates that 5,000-10,000 new light industry jobs will result. It is investing $1.5 billion into the transformation of the site, named The Keystone Trade Center.
Ancillary benefits to the township include contributions to police and fire service, road maintenance and a long-term commitment to green energy.
For further details on this development, read the Bucks County Local story, here.