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ALLENTOWN, Pa. – CP Landing LLC of Flemington, New Jersey has bought the low-to-moderate assets Catasauqua Elderly Towers architecture from the Alliance for Architecture Communities in Allentown. 

The $4 actor auction of the architecture bankrupt Aug. 18, according to a account absolution from Lehigh Financial Group, which helped defended appropriate Apartment and Urban Development costs that accustomed CP Landing to acquirement the building. 

CP Landing has affairs to advancement apartments with new doors and kitchen cabinets and to advance utilities.

Alliance for Architecture Communities owns several apartment sites for low-income seniors about Allentown and had fabricated renovations to the architecture and “kept it up well,” said Realtor Megan Miller, of David A. Klein Real Estate who had formed with the arch of CP Landing in the past. 

Miller said she knew CP Landing LLC would be an ideal client for Elderly Towers, area rents are subsidized by the federal government. She alike showed the client the acreage afore it was listed for sale, according to the account release. 

Lewis Edwards of Lehigh Financial Accumulation bent the property’s accommodation for Apartment and Urban Development costs and again helped CP Landing defended a bargain fixed-rate accommodation for the purchase. 

According to the account release, some grants ABC anchored through Apartment and Urban Development will be acclimated to account costs of the upgrades CP Landing plans. 

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