West Reading Avenues Summer 2021 - 16

In the Community
are projected to significantly enhance the hotel's revenue. The
leadership and team at the DoubleTree by Hilton Reading continue
to be not only a community leader, but also a national leader
and trendsetter.
Shuman Development Group
For over 27 years, the Shuman Development Group (SDG),
Reading's largest private sector developer, has been working
with the singular goal of revitalizing the City of Reading. SDG
started developing properties in Downtown Reading in 1994.
Alan Shuman, Owner and Broker of Record, said, " No other city
on the east coast could match the upside potential of properly
done investments in the City of Reading. We see the momentum
starting to grow and continue to make those investments we
began 27 years ago. "
Recently Completed Projects
Baer Chapel located at 45 S 6th St. was erected in 1852 and is a
deceivingly beautiful, historic church a half-block from the heart
of Downtown Reading. SDG completed a $700,000 restoration
in 2019 including interior steel structural support system, new
plumbing, new HVAC, and general restoration work.
The Abraham Lincoln located at 100 N 5th St., formerly a hotel,
was converted into 97 market-rate apartments completed in
2018. The $12,000,000 conversion included upgrades to all the
major mechanical systems, new roof, and a historic restoration
of the commercial and exterior areas.
Mixed-Use Projects Underway
35 N 6th St., known locally as the Berks County Trust building,
will feature 39 market-rate apartments, a new operations center
for a credit union, and a food court in the historic former bank
branch space.
Timeline: expected occupancy Q4 2021
Investment: $14,000,000
230 N 5th St., known locally as the Medical Arts Building, will
feature 36 high-quality market-rate apartments as well as 8,000
square feet of prime retail space.
Timeline: expected occupancy Q4 2022
Investment: $15,000,000
What is even more exciting? This level of development, investment,
and momentum attracts other developers, investors, and businesses.
And it is happening! With the forthcoming developments by The
Scharf Group at The Madison Building at 400 Washington St.
and the 345 Penn St., several new businesses are expected to
open this summer and fall.
14 Avenues Summer 2021
Baer Chapel
Downtown Reading already serves as a cultural hub for the
Greater Reading area with a youthful, diverse, and growing
population as well as walkability, unique architecture, the arts,
and diverse dining experiences. These assets are being enhanced
by new housing choices, retail offerings and corporate ventures.
Downtown Reading is ready for new opportunities, growth, and
investment. We invite you to be part of the momentum! The
team at the Greater Reading Chamber Alliance is here to help
you find your dream property and connect you to the resources
to turn that dream into a reality.
Save the Date: June 17
Downtown Reading
Business + Investment Tour
West Reading Avenues Summer 2021

Table of Contents for the Digital Edition of West Reading Avenues Summer 2021
