A developer has amended plans for a pivotal Center City West lot in response to feedback from the public.
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Gridmark Group has submitted plans for a seven-story, 88-unit mixed-use building at 1706-1710 Walnut St. to the Philadelphia Historical Commission, the Philadelphia Business Journal reported.
This is a much larger project than the two-story, exclusively retail building floated three months ago, which is reportedly what some members of the public wanted.
“A lot of people were like, ‘Hey, where’s the residential part?’” Gridmark founder Ari Weber told PBJ.
“People don’t usually push developers to go ahead and build something bigger,” he added.
The project, expected to deliver in 2028, will revitalize three parcels where historic buildings burned during unrest in Philly in 2020 and were ultimately razed.
SALES
Industrial Outdoor Ventures purchased a 2.6-acre Lehigh Valley outdoor storage facility from Cortezzo & Sons Properties for $2.7M. The new owner has since renovated the 20K SF warehouse at 102 Commerce Way, north of Bethlehem in Stockertown.
A Lee & Associates team, including Erin Downey and Matt D'Alesio, coordinated the transaction and is now leasing the property.
CONSTRUCTION AND DEVELOPMENT
Cooper Norcross Health has proposed the construction of a 30K SF, 10-story tower in Downtown Camden called the Benson Pavilion, 42Freeway reported. The parcel, which faces Haddon Avenue, is down the block from another Cooper tower under construction.
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Habitat for Humanity Philadelphia broke ground on the 16-unit Lena Commons in Germantown on Monday. The project will reactivate a series of long-vacant rowhomes at 60-74 E. Collom St.
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Hankin Group and an affiliate of the Milton Hersey School is building a 138-unit mixed-use complex on 12 acres in Hershey. It is the latest phase of the ongoing Hershey West End project. Derry Township approved the plans for 1300 West End Ave. in December, and a groundbreaking ceremony was held Nov. 6.
PEOPLE
Philadelphia-based Arden Logistics Park has named Barb Rea as president. She will retain the chief operating officer position she has held since the platform was founded in 2021. Robert Timmons has been named chief investment officer.
ALP specializes in mid- and shallow-bay properties. Its portfolio includes 11M SF across nine states.
THIS AND THAT
Philadelphia-based engineering firm O’Donnell & Naccarato has entered New England with its acquisition of Goldstein-Milano Structural Engineers in suburban Boston. The company now has 11 regional offices.
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FirstService Residential has been tapped to manage Remington Oaks, a 108-unit condominium community in Chalfont, Bucks County. The community came online in 1989.
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CREDA Philadelphia will host its second annual Impact Awards Sneaker Ball at 6 p.m. Thursday in the Lits Brothers Building on Market East. Here are this year’s honorees:
Wayne Avenue Enterprises President William Hankowsky and Comcast CEO Brian Roberts — Dynamic Duo Honorees
Newmark Vice President of Property Management Carol Driver — Woman of Impact Honoree
Alterra IOS Director of Data and Analytics Fernando Arancibia — Emerging Leader Honoree
JLL Philadelphia Research Manager Emily Friedman — Trailblazer Honoree
Nuveen Green Capital — Team of Impact Honoree
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