6C — November 9 - 22, 2018 — Pennsylvania — M id A tlantic
Real Estate Journal
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P ennsylvania
Construction underway on 4.5-acre site between Manayunk Canal & Schuykill River The Resmark Companies joins Concordia Group, D3 Real Estate Development to develop The Locks P
tinue our partnership with Concordia and D3 on another dynamic project in the city,” said Alexandra Johns , senior vice president, investments, Resmark Land and Housing. “Like Southwark on Reed, our first investment together, The Locks interacts with the local architecture and land plan to create an exceptional sense of place, and an exciting home- ownership opportunity. The project is attracting substan- tial interest and sales activ- ity is already strong,” Johns added. Located between the canal
and river, The Locks’ 63 wa- terfront residences will have open floor plans, incomparable views and generous rooftop ter- races. The homes will range in size from 2,100 s/f to 3,500 s/f and are sited in a landscaped setting with a new riverfront trail along the Schuylkill Riv- er. The community’s industrial architectural design by the Philadelphia firm of Varen- horst Architects pays tribute to Manayunk’s rich heritage. "We're pleased to partner with D3 and Resmark to cre- ate a project that adds to the vibrant atmosphere of Main Street and Downtown Mana- yunk,” said Will Collins , managing principal of The Concordia Group. Added Greg Hill, manag- ing partner of D3, “Our team is executing a compelling vi- sion that combines exciting contemporary home designs with well-planned common spaces that enhance the au- thenticity and charm of one of Philadelphia’s most unique neighborhoods.” The Locks residents will enjoy the small town feel of Manayunk while living only six miles from Center City. Named a National Historic District in 1983, Manayunk’s classic Main Street offers gourmet restaurants, bou- tique upscale shops, and sea- sonal street fairs, creating a walkable environment within steps of The Locks. The Locks provides an authentic urban experience that encourages walking and biking and is near the new Performing Arts and Recreation Center. It is a short walk to the SEPTA station with direct service to downtown Philadelphia or is easily accessible to I-76. This is the second Philadel- phia community developed by Resmark, D3 and Concordia. The trio came together in 2015 to develop Southwark on Reed, a community of 91 single family attached townhomes at 400 Reed Street, formerly the site of the Mt. Sinai Hospital, which was the fastest-selling luxury townhouse project in Philadelphia. The Locks continues Res- mark’s investment in infill residential developments in walkable neighborhoods that benefit from thriving employ- ment centers, abundant public transportation and desirable retail, service and recreational offerings.
H I L ADE L PH I A , PA — The Resmark Companies , a private equity real estate firm, an- nounced a joint venture de- velopment investment with The Concordia Group and D3 Real Estate Develop- ment to develop a waterfront townhome community in the Manayunk neighborhood of Philadelphia. Construction is currently underway at The Locks, a collection of 63 wa- terfront residences, each with views of the Manayunk Canal, the Schuylkill River or both. “Resmark is excited to con-
The Locks
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