Tower 6 is open for business.
A ribbon cutting Thursday afternoon marked the launch of the first, all-glass skyscraper in downtown Allentown.
“Tower 6 embodies the best in modern design, open and collaboration office space, and cutting-edge technology, connectivity and sustainability,” said J. B. Reilly, president and CEO of City Center Investment Corp., the developer.
To date, Reilly’s firm has developed more than 1.4 million square feet of mixed-use space in downtown Allentown. City Center’s efforts are in the Neighborhood Improvement Zone, which provides powerful tax incentives for businesses.
Reilly said the 12-story Tower 6 would be home to more than 500 jobs.
CrossAmerica Partners is the first tenant in Tower 6, already occupying the fourth and fifth floors.
Less than 10,000 square foot of space remains available for lease in the 145,000-square-foot building.
Tenants will continue to move into the building throughout the summer.
“Today marks another milestone in the revitalization of downtown Allentown,” Reilly said. “It also shows that savvy employers recognize that their ability to attract talented employees has to do not only with the business they run, but also where they run it.”
Tower 6 includes retail space at street level, much of which was leased to ESSA Bank & Trust for a branch and commercial banking office.
Bank of America/Merrill Lynch, Avantor, Talen Energy, CAPTRUST, NJR Energy Services and fedRFP also are scheduled to move in at Tower 6.
The NIZ tax incentive allows for reduced rental rates on specific properties. It has proved to be a driving factor for the movement of companies from other parts of the Lehigh Valley to downtown Allentown.