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Real Estate Journal — Pennsylvania — Section C
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IMC Construction worked with Grossi & Sons & O’Donnell Naccarato PennMed Tower ConstructionCantilevers Crane Innovative building technique is simple & safe P hiladelphia, PA — Philadelphia’s building boom has made rooftop
and thread the support beams out of the building. For the future build, provisions are in place to reinstall the crane on the 11th floor in the same configuration The Gantry crane is con- trolled by one operator in the 10 x 26-foot house at the in- tersection of the boom and the shaft. Two-hundred feet from the centerline of the crane, the boom is able to lift 16,000 lbs of precast concrete panels into position on the façade of the building, much heavier than the steel substructure that supports the crane. IMC Construction worked with steel erectors Grossi & Sons as well as structural en- gineers O’Donnell Naccarato to develop the cantilever for this project. The architect for the project is Perkins & Will. The 540,000 s/f project will house offices for human re- sources and IT, a daycare, the Investigative Drug Services pharmacy and more of Penn Medicine’s Bio Bank Freezer Farm. n
construction cranes an inte- gral part of the skyline. But, as any kid with a passion for construction sites will tell you, the 200-foot cantilevered crane attached to the side of a tower on Civic Center Boulevard is rare and awe-inspiring. “It’s called a Gantry Crane,” explains Ted Jeffries , project director for IMC Construction. “Typically, the crane would be located in an elevator core or on the ground outside of the building, but here the street is
Ganty crane attached to the side of PennMedicine’s Center for Healthcare Technology (photo IMC Construction).
HI-LIGHTS March 16 - 29, 2018
narrow and highly-trafficked. Having the crane system lo- cated outside of the building foot-print, and then ‘jumping the crane’ is perfect for this operation. Installing the crane above the access road is also perfect for this tight site. It allows us to move materials un- der the crane without obstruct- ing traffic on a busy road.” Ultimately designed as a PHILADELPHIA, PA — Marcus & Millichap an- nounced the sale of the Dynasty Court Apartments, a 56-unit apartment building located at 1003-1011 Race St. in the Chinatown neighborhood of Philadelphia. The property consists of 56 apartments, five retail storefronts on Race St. The asset sold for $16.6 million. Andrew Townsend , first vice president investments, Ridge MacLaren , senior vice president investments, and Clarke Talone , first vice presi- dent investments, all of Marcus & Millichap’s Philadelphia of- fice, had the listing to market the property on behalf of the seller, a local partnership who developed the property in 1982. Townsend, MacLaren, Talone, and Philip Sharrow , associ- ate in Marcus & Millichap’s Philadelphia office, represented the buyer, a local development company. Matthew Rosen-
19-story tower for Penn’s medi- cal campus, the Center for Healthcare Technology topped out Phase 1 at 10 stories in ear- ly January. Originally planned to be an eight-story phase, the crane set-up allowed some fluidity in design; ultimately Penn Medicine chose to add an additional 2 floors during this phase but construction was not compromised by the change.
The crane system is simple and efficient: large steel gird- ers that protrude from the main core of the building sup- port the 115-ton crane. The crane inserts tower sections above to continue climbing, or “jumping” as the floors are constructed. When the façade is complete in May of 2018, a hydraulic dismantling crane will remove the tower crane
5-14C SPO TLIGHT Central PA
Marcus & Millichap brokers 56-unit multi- family asset in Chinatown sold for $16.6M
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Upcoming Spotlights Southeastern Pennsylvania contact: Miriam Buttrick mbuttrick@marejournal.com IBC-C
1003-1011 Race St.
berg , director in Marcus & Millichap Capital Corp.’s Phila- delphia office, arranged the acquisition financing. “We had a tremendous amount of interest in this property due to the long term
intrinsic value of the asset,” said Townsend. “Dynasty Court is one of the largest multifamily properties in Chinatown, and over half the units are large multi-level townhouses.” “Our marketing process gen-
erated numerous offers from lo- cal investors and out-of-market investors as far as away as California,” adds Townsend. “Ultimately, the buyer stepped up and paid over the asking price to secure the deal.” n
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