The redeveloper of choice for city officials is the appropriately-named Brownfield Realty, a South Whitehall, PA-based company that has established a track record for turning contaminated industrial properties into useful sites. To help acquire and remediate the moderately contaminated site, Brownfield, led by president Paul Schoff, will get a $2.5 million low-interest loan from the state and a $500,000 federal grant.
What Schoff has in mind for the property is a business park of nine buildings totaling more than 900,000 sf. He plans to target office, high-tech and industrial users. The conceptual plan he's submitted to the Phillipsburg is described as "very preliminary." Negotiations for acquisition of the site from Ingersoll-Rand are just underway.
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