More than 300 guests are expected to attend a steel beam signing today to celebrate construction of Two City Center in Downtown Allentown.
The event, hosted by City Center Lehigh Valley and National Penn Bancshares, highlights the progress of construction on the 11-story office building soon to be occupied by National Penn's headquarters and several other tenants.
Those who plan to attend include Pennsylvania Secretary of Revenue Dan Meuser, Allentown Mayor Ed Pawlowski, City Center Lehigh Valley President J.B. Reilly, National Penn Bancshares President and CEO Scott Fainor and local dignitaries.
The event takes place at 3 p.m. on the roof of the 600 Linden St. parking deck between Sixth and Seventh streets in Allentown.
North Star Construction Management of Allentown is building the structure.
"This is an important milestone in the transformation of Allentown," Reilly said. "It signifies a rebirth of the financial district of Allentown; we've seen that already with the finance companies coming in."
With so much demolition and foundation work occurring over the last 12 to 16 months in the area at and around the hockey arena, it was appropriate to focus the celebration on new construction coming out of the ground, Reilly said.
"I'd say we're ahead of schedule; we're working on the sixth floor, starting to pour concrete slabs, which is a big part of the construction sequence."
The building, which is about 80 percent leased, is on target to be finished in spring 2014, Reilly said.