Real Estate Journal — ODM — Property Management— January 26 - February 8, 2018 — 11B
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M id A tlantic
P roperty M anagement
Upgrades and renovations already underway with help of Dashing Designs, Inc. of NJ Friedman Realty Group, Inc. acquires Willowyck Apartments in Upper Gwynedd, PA
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new surfacing, border stone, with updated outdoor lounge and furniture. Dashing Designs, Inc. , a commercial and residential interior design firm based in Cherry Hill, NJ, is coordinat- ing much of the Willowyck renovation effort. Marcy Dash Friedman , president and owner for over 40 years, has provided design services for a number of well-known companies including Auto Lenders, Surety Title Cor- poration, J&J Snack Foods, Frankford Candy and The Bloom Organization.
“Willowyck is a tremendous property in a great location, and we believe with our time- tested approach, including quality renovations and im- proved management – we can make the Willowyck commu- nity the darling of Montgomery County,” said David Fried- man , VP for FRG. In addition to its inherent amenities, Willowyck offers other advantages, he noted, such as access to many of the area’s major employers, including Merck’s West Point Campus, as well as great area shopping and dining. n
PPER GWYNEDD TOWNSHIP, PA — Friedman Re-
alty Group, Inc. (FRG) h a s a n - nounced the acqui si t ion of Willowyck Apartments, a 308 - un i t a p a r tme n t complex lo- cated on Sumneytown Pike in Montgomery County. Willowyck Apartments is a garden apartment complex with large one-, two- and three- bedroom apartments, along with a clubhouse with a com- munity room, a fitness center and pool, according to Brian Friedman , president and CEO of FRG and the managing General Partner of Willowyck Partners, LP. The property was purchased by Willowyck Partners, LP, an affiliate of FRG, for $62.5 million. JLL of Philadelphia represented the seller. “This may not be our biggest complex but it is certainly the best,” said Friedman. Originally constructed be- tween 1972 and 1975, the apartments already are under- going an extensive renovation and modernization program. “The Resident Clubhouse will undergo a stunning trans- formation beginning with a new barn doorway, new floor- ing, renovated fireplace and a ceiling structure comparable to no other,” Friedman said. “After that, we’ll put in new furniture in an updated lay- out, a new flat-screen TV over the fireplace, a pool table, remodeled kitchen and more. The fitness center also will be remodeled during the winter and coming spring, at the same time as the clubhouse.” In addition, each of Wil- lowyck’s 3-bedroomranch-style apartment homes will receive vinyl plank floors through the living room with new exterior vinyl siding, new outdoor light- ing, updated hardscaping and garden areas, and new fencing with a private gate. Plans for massive exterior renovations and upgrades are also in full swing. Also, there will be updated exterior pole lighting and carriage lighting will be enhanced with white LED fixtures. Willowyck residents will enjoy beautiful new landscap- ing, as well as major concrete Brian Friedman
Willowyck Apartments
walkway improvements and a newly paved parking lot, Friedman said. There will also be updated property amenities,
including sitting areas, resi- dent grill areas, and a brand new “Bark Park.” In addition, the pool will be renovated with
F RIEDMAN R EALTY G ROUP , WITH ITS A FFILIATE , IS C ELEBRATING I TS L ATEST AND M OST E XCITING P ROJECT TO D ATE !
JUST PURCHASED! RENOVATIONS UNDERWAY!
As we celebrate more than 40 years of success and commitment to our residents and our investors, Friedman Realty Group, Inc., through its affiliate, Willowyck Partners, LP, is proud to announce the acquisition of Willowyck Apartment Homes, Upper Gwynedd, PA. Since 1975, Friedman Realty Group has demonstrated a long-standing commitment to the highest standards of service, professionalism and integrity.
www.FRGinc.com www.FRGinc.com/apartment/willowyck
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