8B — July 11 - 24, 2014 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
S outhern N ew J ersey
The Collings North will meet strong market demand with 70 apartments Ingerman celebrates topping out of the final phase of The Collings at the LumberYard C OLLINGSWOOD, NJ — Collingswood Mayor James Maley german, Borough employees and, most importantly, the citizens of Collingswood.”
mass transit. A five-story, mixed-use building, The Collings North will feature 70 apartments, 12,000 s/f of ground-floor office space, 1,500 s/f of retail and the integration of numerous pre- mium amenities for residents of both phases. “It’s important that we rec- ognize this important mile- stone in the history of the Lumberyard site,” said Mal- ey. “As the long-term vision for the site finally becomes reality, I applaud the com- mitment of everyone who has made this day possible — In-
Upon complet ion, The Collings North will feature 70 one- and two-bedroom apart- ment homes ranging from more than 800 s/f to almost 1,300 s/f. “Developing The Collings at the LumberYard has been one of the highlights of our company’s long and success- ful history,” said Brad Inger- man , president and CEO of Ingerman. “As we near the start of leasing for the final phase, we look forward to welcoming the large number of people throughout the region who desire upscale housing in Collingswood. Through our collaboration with Mayor Maley and all of the Borough’s officials and professionals, we’re happy to deliver smart, modern and luxurious apartment homes to the community.” In addition to its well-ap- pointed, maintenance-free residences, The Collings North will also feature In- german’s new corporate head- quarters. “Our decision to relocate our headquarters to The Collings is a testament to our commitment to the Borough and our new neighbors,” In- german said. “Collingswood is truly a one-of-a-kind destina- tion community that offers an exciting living experience ac- cented with first-rate restau- rants, shopping and nightlife, as well as mass transit that puts the region’s major urban centers within reach.” The Collings is located along Haddon Ave., which was named one of the “Top 10 Great Streets in America” by the American Planning Association , and is sur- rounded by an eclectic vari- ety of shops, as well as the borough’s highly acclaimed “Restaurant Row.” A com- plete lifestyle experience is further enhanced by the com- munity’s strategic location, which provides a 16-minute train ride into Philadelphia and easy access to New York City and Washington DC. The Collings South, the community’s fully leased first phase, comprises 34 apartment homes, featuring a mix of one-, two-, and three- bedroom designs, including seven townhomes with pri- vate entrances. n
joined representatives from Ingerman on June 11 to cel- ebrate the topping out of The Collings North, the second and final phase of Colling- swood’s only transit-oriented, apartment community, The Collings at The LumberYard. Ingerman, a developer, manager and builder of multi- family apartment communi- ties, is developing The Collin- gs at the LumberYard to meet the region’s strong demand for luxury apartments near
The Collings North rendering
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Meridian Capital Group, LLC proudly advised on financing for the following transaction: Towers at Wyncote 1,095-Unit Multifamily Property Wyncote, PA $92,260,000 Acquisition Financing
This transaction was negotiated by: David Fisher, Senior Vice President 517 Route 1 South, Suite 4000 Iselin, NJ 08830 | 732 301 3200 | www.meridiancapital.com
MAREJ - $92.3MM - Towers at Wyncote - D. Fisher - 6-13-14.indd 1
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