Line reBUILD Two New Projects
Transcription
Line reBUILD Two New Projects
Haute ProPerty estatements Kathy, Patrick & The Conway Team conwayteam.com • kathy@conwayteam.com 215-266-1537 • 215-627-6005 Does your money need a professional trainer? Stephen R. Schaeffer Senior Vice President Financial Advisor 1650 Market Street 42nd Floor Philadelphia, PA 19103 215-854-6041 stephen.r.schaeffer @morganstanley.com www.morganstanleyfa.com/ srschaeffer The right coach can help an athlete reach his or her goals. The same can be said of your finances. With guidance from a Financial Advisor, you can follow a path of fiscal responsibility, and create a strategy that can help maximize the potential of your investments. As a Morgan Stanley Financial Advisor, I can work with you to develop a financial strategy, and adjust it to help you manage your investments and assets now and through the years to come. Call me to arrange a meeting, and let’s work toward a stronger future. © 2014 Morgan Stanley Smith Barney LLC. Member SIPC. CRC610744 FAS009 CS 7338795 03/13 used for both retail and commercial space. The project is led by Bohlin Cywinski Jackson (BCJ), the brains behind the Apple retail stores, including the famed glass cube in Manhattan. BCJ has a Philadelphia office on Broad Street, and it was entirely its local architects who worked on this new property. “The glass architecture is going to be nothing like Philly has seen before; it’s really going to pop on that corner,” says Michael Gorman, senior agent and listing broker of Metro Commercial Real Estate, who is handling the leasing aspect. The property will also offer 18-foot ceilings on every floor. “It’s unlike any ceiling height in Philly,” says Gorman. “It’s contemporary and it’s world class. The architecture is different but will certainly fit in and be a showplace for these retailers.” One of the main tenants set to occupy the building is the Cheesecake Factory, which will span the second floor. “[Its] entrance is off of Walnut Street and is on the second floor; right as you walk in, you’re greeted with an escalator. It is modeled after the Cheesecake Factory in The Grove in Los Angeles,” says Gorman. The ground floor is set to hold one or two retailers, and there’s a third floor of commercial space, which has its own private door access. “Verizon has signed the lease on part of the ground floor,” says Gorman. “There’s space left along 15th Street totaling 2,365 square feet left over with a dedicated entrance. A bunch of different tenants have interest. We are trying to work through what works best with the space; it might be retail, office space, or even a fitness facility.” The projected opening to the public is the summer of 2015. Center City is on the rise, but the suburbs aren’t falling far behind. Main Line ReBuild has two new projects to add to its growing list of revamped properties. The first is Gladwyne Commons (310–324 Righters Mill Road, Gladwyne; mainlinerebuild.com), located in the village of Gladwyne. The property is split into five categories, with eight total properties, each featuring upscale residences ranging from 1,500 to 3,000 square feet. The smallest properties are located in The Parsonage Building, where you will find 1,500-square-foot townhouses. The renovated spaces are complete with three bedrooms, two baths, and off-street parking. Fellows Hall holds two of the units in Gladwyne Commons and comes with elevators to take you to all three stories of the unit and a two-car detached garage. The Drake and the Chatham are both single-family homes settling photography by DaS architectS, inc. oppoSite page: DenniS wiSe OUR RECORD SPEAKS FOR ITSELF. The boutique Hudson Hotel is set to revitalize the hospitality offerings surrounding Rittenhouse Square upon opening in 2016. at 2,600 square feet. Each home has three bedrooms, two and a half baths, a full unfinished basement, and an attached two-car garage. The fifth property, Righters Mill Place, is a former church converted into two homes, each with three bedrooms, two and a half baths, and a two-car garage. Main Line ReBuild’s second project is up the road in Ardmore. The Ardmore Baptist Church will be renovated to become Arbors at Athens (120 E. Athens Ave., Ardmore; mainlinerebuild.com), a five-unit condominium complex. “We have a lot of experience in dealing with older structures, some dating to the late 1700s, but an almost 100-year-old church does provide some challenges,” says Scott Brehman, principal and partner with Main Line ReBuild. “How to deal with and take advantage of the soaring spaces, how to convert the different levels into living space, and how to bring in natural light through the stained-glass windows are all interesting challenges.” Main Line ReBuild seeks to convert old churches and buildings while still maintaining their historical elements. Many of the existing elements will stay in place, creating unique properties that are full of tradition and modernization. The Arbors at Athens will keep some of the stained glass, stone, and natural light from the original church. “The Athens Avenue Church was constructed out of all stone, which is an incredible material to work with. We were able to get second floors up into the soaring spaces for our units to utilize that space,” says Brehman. “With regard to the stainedglass windows, we are working with an incredible outside contractor with many years of experience to allow us to keep the existing frame and some of the existing stained glass in place, while adapting the perimeter of the stained-glass area itself to allow for natural light to come in.” Brehman and his team are also using the existing structure to create modern amenities like an updated parking garage. “What we are finding very interesting with regard to the design element is that we can utilize the lowest level of the church to accommodate our parking,” says Brehman. “We excavate out a sidewall to allow for access into this level and then bring in a driveway from the outside. This allows us to avoid any surface-level garages, which keeps the sight lines the way the community is accustomed to seeing the site. In addition, our buyers appreciate connected parking into their units. [It’s a] win-win for all parties.” PS … river location … city views … infinite elegance Fitness center/gym | 24/7 Concierge | Heated indoor pool Indoor parking | Private shuttle | Steps from Penn’s Landing 1 BRs from the upper-$200s | 2 BRs from the low-$400s | 3 BRs from the low-$800s The Parsonage, one of Main Line ReBuild’s eight revamped properties in Gladwyne Commons, houses two 1,500-square-foot townhomes. 717 South Columbus Blvd. Philadelphia, PA 19147 215-925-3000 | www.docksidecondominiums.com Sales Center Hours Mon.– Sat., 10am – 5 pm; Sun. 12pm – 5pm Another Fine Property from The DePaul Group Broker Cooperation Invited.