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Former partner in Whitehall Development Inc. Michael Holt sees the Lehigh Valley as a unique area poised for impressive growth over the next decade. Together with his partner, Raj Pawar, he plans to realize that vision through their new company, Penn East Design & Development Corp.
"Because of our unique location in the United States," as well as the companies expanding their operations locally, "I perceive that the Lehigh Valley will grow phenomenally in the next 10 years," Holt says. "It's a good time for us."
Holt owned 46 percent of Whitehall Development Co. for six years before deciding to pursue his own plans for growth. While an owner of Whitehall Development, Holt helped improve the company's visibility and worked on projects for clients such as Victaulic Co. of America and Pier One Imports.
Pawar was founder of Hazleton-based Summit Manufacturing, which manufactured transmission and cellular phone towers, with Pawar selling his interest in the company about two years ago.
The longtime friends are merging Holt's skills and experience in commercial and...