Franklin Realty Development Corporation’s newest edition to the Lehigh Valley luxury apartment market is The Residences at Willow Ridge.
Franklin and its joint venture partner, Patriarch Management LP acquired this distressed asset from a local financial institution in January of 2011. Situated on 30 picturesque acres overlooking the rolling hillside of Allen Township, this project offers 216 luxury apartment units in 18 buildings. Spacious one, one with den and two-bedroom apartments are available.
Features and amenities include dramatic 9’ ceilings, gourmet kitchens with clean steel appliances and breakfast bar, full size washer and dryers, gas fireplaces, private balconies or patios, 30” designer maple cabinets in cherry finish, a resort-style salt water pool, 3,500 square foot community center with business center, picnic area, fitness center and club room with wi-fi access.
Construction on the project started in 2012 and the first building came on line in March of 2013.
Willow Ridge’s convenient location puts it within easy access to the Northeast Extension of the Pennsylvania Turnpike, I-78 and PA-22, linking it with Bethlehem and Easton. Lehigh Valley International Airport, with its convenient parking and terminal access, is only minutes north of Willow Ridge.
The Residences at Willow Ridge showcases Franklin’s ability to identify and purchase distressed property with inherent value and upside potential. This property now has a total value in excess of $30 million.