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February 08, 2023 | Authored by Feinberg Real Estate Advisors
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ALLENTOWN, Pa. – A new, 144-unit apartment complex called Cumberland Apartments will soon be coming to a neighborhood near Good Shepherd Rehabilitation Network's main campus in Allentown.
The Yasin Khan 2021 Family Trust has bought more than six acres at Sixth and Cumberland streets for $1,250,000 from Cottage Investment LP, according to a news release.
Montex Textiles used to be at the location before it burned down in April 2005.
"I thought it was a great area for a residential neighborhood," said the developer, Dr. Yasin Khan.
"The site was almost becoming an eyesore because everyone was putting trash there."
His hope is the apartment buildings will make the area more stable.
Half the units will be one-bedroom apartments, and the other half will be two-bedroom apartments.
He said the units will be market rate, and he intends to make the apartment a gated community.
“The area, with proximity to Good Shepherd Hospital and Trout Creek Park, will provide needed housing units for families in the area,” Khan said in a news release.
He aims to start construction in April, and estimates it will take 12-16 months to complete.
Talks of redeveloping the land originally started 12 years ago.
“It was a priority project for the City of Allentown and Lehigh County that took several twists and turns,” said real estate agent Cindy McDonnell-Feinberg.
“Everyone wins when a developer is able to take a problematic brownfield," said Allentown Mayor Matt Tuerk in the release, “and create a meaningful reuse that puts it back on the tax rolls.”