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First Warehouse Proposed For Keystone Trade Center Project To Come Before Public

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By

Tom Sofield
Keystone Trade Center property.
Credit: Google Maps

The first proposed warehouse coming before Falls Township officials for the Keystone Trade Center project is a big one.

NorthPoint Development, the new owner of the 1,800-acre former U.S. Steel site, will bring their plans for a 1-million-square-foot warehouse along River Road at the property before the Falls Township Planning Commission, an advisory body, next Tuesday at 7 p.m.

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Township Engineer Joe Jones said during Monday evening’s Falls Township Board of Supervisors meeting that the plans have been reviewed by the professionals. He noted additional proposals are still under review.

In a statement, the township said the supervisors could review the land development plan as early as the March 15 meeting.

NorthPoint Development, of Kansas City, officials have said the Keystone Trade Center is designed to add as much as 15 million square feet of new warehouse space and 5,000 to 10,000 jobs with a total investment of $1.5 billion over the coming years. The plan is to develop the “largest e-commerce, logistics, and multi-model industrial project on the East Coast” with room for as many as 20 new buildings constructed on speculative basis.

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NorthPoint Development will also provide updates to infrastructure and landscaping at the property. The company has signed an agreement with the Morrisville Municipal Authority that will include building a new treatment plant. The company also plans to invest $25 million for remaining environmental cleanup at the property.

All three taxing bodies for the property – the Bucks County Commissioners, Falls Township, and the Pennsbury School District – agreed in December to allow the site to become a Keystone Opportunity Investment Zone from January 1 and ending on December 31, 2035. The designation will give the developer tax breaks to encourage growth.

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NorthPoint Development using local entity NP Falls Township Industrial LLC purchased the site from U.S. Steel for $160 million last month.

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Tom Sofield

Tom Sofield

Tom Sofield has covered news in Bucks County for 16 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.