NorthPoint Development Expanding Warehouse Plan At Keystone Trade Center

Two proposed warehouse buildings will become one at the massive under-construction Keystone Trade Center in Falls Township.

On Monday evening, the Falls Township Board of Supervisors approved an amendment for previously-approved final land development for two one-million square food warehouses at the former 1,800-acre U.S. Steel site.

The supervisors approved the amended plan to convert the not-yet-constructed two large buildings that are part of Phase I into one 1,159,849 square-foot warehouse building. There will also be a 10,205-square-foot vehicle maintenance garage and a 1,219-square-foot salt storage building.

The change in plans for the first phase comes as work on the project is already underway. Excavation work at the site began last year.

Michael Meginniss, an attorney representing NorthPoint Development, said the developer is “excited” construction is moving forward and looks forward to welcoming tenants.

A tenant for the large building has not been announced.

NorthPoint Development builds warehouses on a speculative basis. The company has previously worked with Home Depot, Staples, Walmart, Amazon, FedEx, XPO Logistics, Chewy.com, General Motors, and Ulta.

Currently, three phases of the development, which totals five warehouse buildings, is underway.

NorthPoint Development aims to have the first tenant in the complex by the end of 2022.

Also on Monday evening, the supervisors approved a minor subdivision of 14 acres at 150 Roebling Road where no development is planned, Meginniss said.

NorthPoint Development bought the former U.S. Steel property at the end of 2020 for $160 million for the roughly 1,800 acres.

In the future, NorthPoint Development intends to bring more land development proposals before the supervisors.

NorthPoint Development officials have stated the project has the potential to add 5,000 to 10,000 jobs and 15 million square feet of new warehouse space with a total investment of $1.5 billion over the coming years. The company said they want 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.

All three taxing bodies for the property – the Bucks County Commissioners, Falls Township, and the Pennsbury School District – agreed in 2020 to allow the site to become a Keystone Opportunity Investment Zone from January 1, 2021 and ending on December 31, 2035. The designation will give the developer tax breaks to encourage growth.

Previous reporting on the project:

• Second Phase Of Keystone Trade Center Moves Forward
• Three 1 Million-Square-Foot Buildings Proposed For Keystone Trade Center
• Keystone Trade Center Site Gets Subdivision Approval
• Municipal Authority Closes On Keystone Trade Center Property
• Construction To Get Underway By July On Massive Keystone Trade Center
• 1 Million-Square-Foot Warehouse For Keystone Trade Center Approved
• First Warehouse Proposed For Keystone Trade Center Project To Come Before Public
• Keystone Trade Center Project Allows Water Authority To Build New Treatment Plant
• Large U.S. Steel Site In Falls Twp. Sold For $160 Million
• County Commissioners Approve Tax Break For Massive Keystone Trade Center Plan
• Tax Breaks Could Help Development At Proposed Keystone Trade Center
• Keystone Trade Center Project Moves Forward
• Ground On Billion-Dollar Keystone Trade Center Could Be Broken By Spring
• Falls Twp. Holding Special Meeting On Proposed U.S. Steel Site Redevelopment
• Plans For U.S. Steel Site Show New Billion-Dollar Development, Potential For Thousands Of Jobs
• EXCLUSIVE: Large U.S. Steel Site To Be Sold To Developer
• U.S. Steel Seeking To Sell Fairless Works Site

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