Developer Plans Largest Industrial/e-Commerce Park on East Coast on Site of Former U.S. Steel in Falls | Newtown News of Interest |

If all goes to plan, the former U.S. Steel site in Falls could be transformed into the largest industrial park on the East Coast within the next decade.

Pending a purchase of the site, a proposal from Kansas City, Missouri-based industrial developer NorthPoint would invest more than $1 billion into remediation and , redevelopment to make way for 10 million square feet of warehouses and logistics centered industrial buildings at the 1,800-acre site.

If those plans are realized, redevelopment inside the Keystone Industrial Port Complex could expand to 15 million square feet at an investment cost of $1.5 billion — making it the largest e-commerce, logistics and multi-model industrial project in the Northeast. Each warehouse is expected to be between 1 million to 2 million square feet.

“Our vision is to create a class A industrial park and completely redevelop what’s out there today,” Jed Momot, NorthPoint chief strategy officer, said during a township planning commission meeting Wednesday.

With more than a dozen new buildings, the project dubbed Keystone Trade Center could bring between 5,000 to 10,000 jobs back to an area that lost thousands of positions when the steel plant closed nearly two decades ago.

“I think it will certainly be a shot in the arm for the local and regional economy,” Momot said.