Real Estate Journal — March 29 - April 11, 2019 — The Best of 2018 — 23C
M id A tlantic
The BEST DEVELOPERS TOP PROJECT of 2018
Dranoff Properties One Theater Square Newark, NJ
GMH Capital Partners The Pendleton at Cranberry Woods Cranberry Twp., PA
Size: 1.2 acre site; 400,000 SF project Completed in 2018, One Theater Square is Newark’s first residential high rise in 55 years. The iconic 22-story brick and glass tower has become a decisive symbol of Newark’s revival and an example of a suc- cessful private/non-profit collaboration. Located across the street from NJPAC, and in partnership with them, Dranoff Proper- ties developed a sleek tower which boasts 245 apartments, including 24 affordable
GMH Capital Partners continued its develop- ment of The Pendleton at Cranberry Woods, a luxury apartment community. Designed with care and convenience, The Pendleton features spacious floor plans and high-end amenities including a heated pool with tan- ning ledges and water features; an expansive sundeck featuring cabanas, a lounge area, and spa; and a two-story fitness center and yoga studio room.
units, 12,000 sq. ft. of ground floor retail and 285 parking spaces. Located conveniently near Military Park; and adjacent to the waterfront; and the City’s business district, One Theater Square embodies a bold, new vision of downtown Newark.
GMH kept construction on schedule during the wettest year in Pittsburgh’s history (57.42 inches of rain). The company successfully completed the project on January 1, 2019, with the help of Heffner Architects, PC; Elford; Gateway Engineers; and Iron Point Partners, LLC.
Urban Conversions Yarn Factory Lofts Manayunk, PA
Prism Capital ON3 Nutley, NJ
Size: 32,326 SF Located in Manayunk, PA the Yarn Factory Lofts site required extensive rehabilitation to combat its dilapi- dated state resulting from nearly 10 years of aban- donment. Formerly Wilde Yarns Mill, the 3-building project underwent extensive renovations that intro- duced modern amenities including onsite parking, a dog park, and a connecting skywalk. The plan, in col- laboration with preservation consultants, maintained the buildings’ unique features (including exposed beams, the mill’s smokestack, and original hardwood floors) while creating luxury 1- and 2-bedroom lofts. Mural Arts Philadelphia and the city of Philadelphia also partnered with Urban Conversions to create a mural which highlights the industrial history of Manayunk.
Size: 116 acres The intersection of urban vitality and suburban flexibility sits just nine miles from Manhattan at ON3. A growing roster of organizations in life sciences and biotech, along with major corpo- rate tenants, is gravitating to New Jersey’s larg- est redevelopment, rapidly securing its future as a world-class, next-generation campus. These us- ers – and others to come – are propelling ON3 forward as a benchmark in New Urbanism and public/private partnership. Office and R&D, rec-
reation, hospitality, wellness options and more ultimately will come together at ON3 for a true mixed-use, 24/7 environment at the 116-acre former Hoffman-La Roche North American Headquarters campus.
DRIVEN PROFESSIONALS, UNRIVALED EXPERIENCE, & A HISTORY OF SUCCESS 33+ years in the industry 72k+ beds in 32 states $8+ billion in investments
Congrats to The Pendleton & The Courts at Spring Mill for Winning MAREJ’s Best of 2018 Awards!
FOR ACQUISITION & REAL ESTATE OPPORTUNITIES * : JIM KIRBY | JKIRBY@GMHCP.COM FOR DEVELOPMENT OPPORTUNITIES * : STEVE BEHRLE | SBEHRLE@GMHCP.COM * 200 UNIT MINIMUM
www.gmhcp.com | 610.355.8000 | Newtown Square, PA
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