Growing Market

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GROWING MARKET:

SNB Plaza will add 12 units

  • The Times-Tribune
  • 21 Sep 2019
  • BY JON O’CONNELL STAFF WRITER Contact the writer: joconnell@timesshamrock.com; 570-348-9131; @jon_oc on Twitter

More high-end living options coming to downtown.

It seems like it’s starting to swell already, but Scranton’s downtown residential market is only getting bigger.

Wilkes-barre-based D&D Realty Group’s newest venture, the former SNB Plaza bank building, 501 Lackawanna Ave., will add another 13 units when it hits the market later next month, with another six units to be finished later.

Those apartments come right in the middle of a surge in new housing, and developers have another combined 113 on the wings.

Dave Magrogan, the Philadelphia-area restaurateur who owns Harvest Seasonal Grill and Wine

Bar in the Shoppes at Montage, and the former Kildare’s pub, which closed suddenly in July, still has plans for a 48-unit efficiency apartment building, up to five stories tall, in the parking lot of the former pub.

Through a spokesman, Dave Magrogan said the project is still on. The company is focused now on attracting a new tenant to the Kildare’s building before diving into construction, spokesman Mike Prince said.

Charles Jefferson, whose company already owns high-end apartments on Mulberry Street, North Washington Avenue and his most recently completed Samters Lofts at Penn and Lackawanna avenues, among others, is converting the former Lackawanna County administration building, 200 Adams Ave., into 65 apartments and spent the last year planning. “All of our drawings are done; our building plans are in permit right now,” he said. “It’s 65 units, and there’s a lot of pre-development there before you walk in the door.” He plans to begin demolition work inside some time in October.

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