The Lehigh Valley and Nazareth, PA area is growing and there are many signs that show it. 

The Regency Centers Has recently acquired 32 acres in Lower Nazareth Township.  They are planning on developing this land for retail stores. with ground breaking expected to occur in the spring.  This a $30 million project, including the purchase of the property. 

This property will be called the Lower Nazareth Commons shopping center.  It will include a Target, which will be located next to the existing Wegman's supermarket.  Other shops that will be included will be restaurants, service and retail businesses. 

There are other signs that show the Lehigh Valley is growing in retail investment.  Recently, in Whitehall, the Lehigh Valley Mall was renovated and expanded with 17 new tenants.  Some of them are: Barnes & Noble, Williams Sonoma, Ann Taylor, Apple and Yankee Candle, Pottery Barn, and many more.  Within the past couple of years, the Promenade Shops in Saucon Valley opened their doors.

Another sign of growth is the old Bethlehem Steel site in Bethlehem.  The whole Beth Steel (as it is now called) site will have not only the casinos, but also hotels, shops and residences.  Once the casino is completed, the property values will rise and when the project is completed, values will skyrocket. 

As you can see, the Lehigh Valley and Nazareth, PA area is not in a slump.  The real estate market may have slowed down, but it is still continuing.  Now, with the lower interest rates on mortgages, and more job opportunities opening up with the new developments, I'm sure we will see even more growth in real estate sales.  The population will continue to grow and as it grows, more housing will be needed.