By Denise Allabaugh, Wilkes-Barre Citizens Voice
WILKES-BARRE — A local developer has acquired the PNC Bank building in downtown Wilkes-Barre and will create 40 upscale apartments and office space in the project called “Riverview West.”
Nicholas Dye and Casey and Adam Donahue of D&D Realty announced the $4.5 million project at a press conference Thursday on the 10th floor of 11-story PNC Bank building at 11 W. Market St.
They were joined by Wilkes-Barre Mayor Tony George and officials from the Greater Wilkes-Barre Chamber and Diamond City Partnership.
About 60,000 square feet of the building will be converted into apartments and 13,000 square feet will be converted into office space.
D&D Realty has also completed other apartment projects in downtown Wilkes-Barre, including Hampton Park East, Hampton Park West and the Alleghany Lofts.
Each of the projects were leased before construction was completed, showing the strong demand for apartments in downtown Wilkes-Barre, D&D Realty officials said.
D&D Realty is collaborating with other companies on the project, including Deadline Construction as general contractor, David Sheydwasser of Kingston for architecture and Smith Miller Engineering in Pittston. Advanced Builders LLC in Pittston is the project manager.
Apartments will consist of one and two-bedroom units ranging from 650 to 13,000 square feet, with rents starting at $950 per month and up.
The units will feature high-end finishes including spa-like bathrooms, gourmet kitchens, granite counter tops and stainless steel appliances.
Tenants will be exempt from paying state and local income taxes. The project will have Keystone Opportunity Zone benefits through 2024.
Riverview West will be completed in the summer of 2017, with the first occupancy occurring in late spring, Dye said.
For the complete story, read The Citizens’ Voice on Friday.