Regional Visitors Projected to Increase from 1M to 6M Annually by 2021
October 16, 2019 [Bethlehem, PA] – There are some very exciting things happening in the Poconos. The Route 940 Corridor Improvement Plan is underway as well as what could potentially be one of the biggest entertainment destinations in North America.
Touted by some as the “Disney” of Northeastern Pennsylvania, Pocono Springs Entertainment Village is a $350 million, 500,000 square foot development that will boast top attractions such as a Ripley’s Aquarium, a fantastical outdoor illuminated interactive light show called Pocono Lumina, helium balloon rides, an indoor and state-of-the-art drive-in movie theater, themed restaurants, shops and even a circus. In a recently publicized partnership deal, the village will also include a completely renovated Pocono Manor Resort and Spa.
This new, entertainment-driven destination will be located next to the existing Kalahari Resort and Convention Center at Route 380 and 940. This high-energy retail corridor which currently hosts 1,000,000 visitors annually is projected to see upwards of 5,000,000 by 2021.
On Route 940 just across Route 380, lies a prime retail site currently marketed as “The Shoppes at Long Pond”. Additionally, the Route 940 Corridor Improvement Plan, currently underway, will direct traffic seeking to access Kalahari and the new Pocono Springs Resort to a signaled intersection facing this attractive retail site.
Colliers International is currently accepting offers to purchase or lease retail space in The Shoppes at Long Pond. Lease opportunities include 2,000 SF – 100,000 SF spaces as well as 1-10 acre pad sites.
More details can be found at: The Shoppes at Long Pond.
For further information, contact
Derek Zerfass, Senior Vice President +1 610 295 6125 | Derek.Zerfass@colliers.com
Scott Horner, Vice President +1 610 359 5869 | Scott.Horner@colliers.com
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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