Representatives from LIFE/SLIBCO, The City of Scranton, Lackawanna County and Beacon Summit at Scranton, LLC gathered to break ground on the Mount Pleasant Medical & Professional Building. Beacon Summit at Scranton, LLC purchased the 3,26
acre lot from Scranton Lackawanna lndustrial Building Company (SLIBCO) in October with plans to build a professional office building.
Beacon is an elite real estate development partnership that has been established since 1990. The principals of Beacon have designed, developed and managed over 1.5 million square feet throughout New Jersey, New York and are now making their mark in Pennsylvania with the first purchase at Mount Pleasant Corporate Center was on Friday, October 9, 2009.
Mayor Christopher Doherty, Lackawanna County commissioners Corey D. O’Brien and Michael J. Washo, Austin J. Burke of The Greater Scranton Chamber of Commerce and Vincent Visceglia of Beacon Summit at Scranton, LLC all gave remarks celebrating the commencement of construction on the 30,000 square foot, two story medical/professional services building. Space in the building will be divisible from 1,200 square feet to 30,000 square feet; the project has an expected completion date of fall2010.
“We are extremely pleased with our local team, architect Michelle Dempsey, engineer Tom Skibinski and real estate broker Mike Detter,” Vincent Visceglia, partner, Beacon Summit at Scranton, LLC commented during the morning’s ceremony. “The approved 30,000 square foot building we break ground on today is one of many new developments
in this city and county and we appreciate the opportunity to contribute to such a meaningful revitalization.”
Beacon Summit at Scranton is the first development within the Mount Pleasant Corporate Center, a 23 acre tract of land that SLIBCO purchased in March 2008 from Keystone Concrete Block Supply. The Corporate Center is a $7 million dollar project that SLIBCO expects will result in the development of over 210,000 square feet of buildings and the creation of 1,000 jobs. The park will consist of five lots ranging from 1.7 to 9.5 acres available for commercial and office development.
“SLIBCO’s investment in the future of Scranton provides the quality office setting that leading firms demand for their clients and their employees. This gateway to our city is being transformed into a beautiful, productive setting of which we can all be proud” stated Austin Burke, executive vice president, SLIBCO.
The historic building clad in white terra cotta tile and designed in the early “skyscraper style” popular in the early 1900s, is one of the tallest buildings in Scranton’s skyline. Formerly the home of Scranton National Bank, the ornate first floor and mezzanine is currently occupied by a financial institution with the upper floors of professional offices.
