Ashley Development Corporation

About Ashley Development Corporation

Ashley Development Corporation is a real estate operator headquartered in Bethlehem, PA. Ashley Development Corporation operates in Allentown-Bethlehem-Easton, Pennsylvania-New Jersey. Its investment focus is on Affordable Housing, Condominiums and Historic Tax Credits.

Ashley Development Corporation is a real estate investment and development firm headquartered in Bethlehem, Pennsylvania. Founded in 1989, the privately held company has completed 37 years of continuous operation under the leadership of President Lou Pektor and Vice President Chris Pektor. The enterprise focuses on both the residential and commercial real estate sectors, specializing in complex urban revitalization, historical rehabilitation, and adaptive reuse projects. Its geographical pipeline concentrates heavily on the Lehigh Valley region of Pennsylvania. The firm's residential track record encompasses developments valued at over $200 million, including single-family homes, townhomes, condominiums, and multi-family communities. Notable commercial and mixed-use achievements include the $45 million historical transformation of the former Bethlehem Steel Johnson Machinery Shop into the 4.5-acre Riverport complex, which features 171 condominium units alongside dining and fitness facilities.

Principals at Ashley Development Corporation