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Mayor Redd, The Goldenberg Group, and Ravitz Family ShopRites Announce Major Retail Project in Camden

75,000 Square Foot ShopRite Coming to Camden

CAMDEN, NJ (March 19, 2013) – The Goldenberg Group, Jason, Shawn and Brett Ravitz, and the City of Camden today announced plans to bring a ShopRite to Camden. This will be the first major, full-service supermarket in the Camden City corridor in more than 30 years and the first-ever ShopRite. Located at the intersection of South 17th Street & Admiral Wilson Boulevard, ShopRite will anchor a 20-acre retail shopping center, Admiral Wilson Plaza, which will also include several restaurants and many other goods and services that will benefit the residents of Camden.

“This is an historic day for Camden,” said Camden Mayor Dana L. Redd. “Bringing two reputable entities such as the Goldenberg Group and the Ravitz family to open a ShopRite in our city is long overdue. I am so proud and happy to share this wonderful news today with our residents because this is the type of development project they have been asking for – one that will create jobs and opportunities for them. I truly thank the Goldenberg Group and the Ravitz brothers for their commitment and vision to making this dream a reality. ”

“I am truly excited that the Ravitzes and the Goldenberg Group have teamed up to bring a ShopRite shopping center to the City of Camden,” Camden City Council President Francisco “Frank” Moran said. “This monumental endeavor will not only further spur economic development in our City, but it will certainly bring much needed jobs for our residents and provides a viable source of healthy food choices for our children and families. City Council is committed to working with Mayor Redd’s Administration, the Ravitz brothers and the Goldenberg Group to ensure that this project comes to fruition as quickly as possible.”

The ShopRite will be owned and operated by the fourth generation of the Ravitz family, Jason, Shawn and Brett Ravitz of Supermarkets of Cherry Hill, which operates five Shop Rite supermarkets in Camden and Burlington counties. The Ravitz family has more than 40 years of experience in the grocery industry, and today the sons and grandsons of the company’s founder are active in the business. What started with a small grocery store has grown into Supermarkets of Cherry Hill, Inc. which today employs more than 1000 associates. This new location in Camden will bring several hundred full- and part-time jobs to the area.

The new ShopRite of Camden will offer many amenities ShopRite customers have come to expect, including: a broad array of groceries; hundreds of fresh produce items delivered seven days a week; a fresh bake shop that can create custom wedding cakes; custom cut fresh meats; fresh seafood delivered daily; a full-service floral department; a pharmacy with free nutritional counseling and as a broad selection of ethnic foods, including a diverse selection of groceries from around the world. Natural and organic products will be available throughout the store, which will also feature a large selection of gluten-free items. Once opened in 2015, ShopRite will also offer the free services of an on-site Registered Dietitian will be available to help customers shop for healthy choices or specific diets as well as the convenience of ShopRite from Home in-store pick-up or delivery service. “Admiral Wilson Plaza and this ShopRite represent a significant step towards addressing the designation of Camden as a ‘food desert’ by the USDA,” said Ken Goldenberg, Founder, President and CEO of the Goldenberg Group. “This project not only will improve the quality of life for area residents, but also will create jobs in the region. It is truly a win-win.”

Admiral Wilson Plaza is projected to create 400 construction jobs, 320 new full- and part-time jobs, and significant new tax revenues to the City of Camden and the State of New Jersey.

“Bringing a major supermarket to a centralized location in Camden has been decades in the making, and is the result of the hard-work of many political, civic and labor leaders throughout the years,” said Senator Norcross. “Developers like The Goldenberg Group and the Ravitz Family are seeing opportunities to build on the foundations for growth we have created in Camden. They’re making smart investments in our city that will help the residents and benefit the entire area.”

“The Admiral Wilson Boulevard location is ideally suited for commercial development,” said Goldenberg. “Camden is already witnessing tremendous changes – the expansion of Campbell’s headquarters, new buildings related to Cooper Hospital and the growth in the University Science district, this project will build on that investment and has the potential to be a game-changer for Camden and the surrounding neighborhoods. We are thrilled to partner with the City of Camden and the Ravitz family on this development.”

“My brothers and I are proud to be bringing a ShopRite store to Camden. We recognize that there is a great need for a full-service supermarket in the city and have been trying for years to find the best location to serve the community. Now is the right time. Our hope is that this project will continue to build upon existing redevelopment efforts in Camden including the expansions of Campbell’s headquarters and Cooper Hospital, and recent growth in the University Science district. We are excited to be part of the new Camden and look forward to bringing the same level of customer service, variety, value and low prices that we offer in our other ShopRites to this new location,” said Jason Ravitz, Vice President, Retail Operations for Supermarkets of Cherry Hill, Inc. “We look forward to becoming part of the Camden community and working hard to become your neighborhood ShopRite.”

About The Goldenberg Group
Based in Blue Bell, Pa., The Goldenberg Group (TGG) has been one of the most active developers in the Philadelphia and Southern New Jersey regions for over 25 years. Founded in 1984, the company has successfully developed more than 6 million square feet of retail space across 15 significant retail projects with a combined value in excess of $500 million and a combined tenant occupancy rate of 98%. TGG has also successfully developed in other asset classes, including high-end condominiums, custom homes, student housing, and other mixed-use projects. TGG’s development philosophy is to work on transformative projects, to leave each area it develops better than when they found it, with a high degree of attention to social, aesthetic and environmental issues as well as keen awareness of, and respect for, community sensitivities, values and needs. For more information, please visit www.goldenberggroup.com.

About ShopRite
ShopRite is the registered trademark of Wakefern Food Corp., a retailer-owned cooperative, based in Keasbey, NJ and the largest supermarket cooperative in the United States. With nearly 250 ShopRite supermarkets located throughout New Jersey, New York, Pennsylvania, Connecticut, Delaware and Maryland, ShopRite serves more than five million customers each week. A long-time supporter of key community efforts, ShopRite is dedicated to fighting hunger in the communities it serves. Through its ShopRite Partners In Caring program, ShopRite has donated $29 million to 1,700 worthy charities and food banks since the program began in 1999. As a title sponsor of the LPGA’s ShopRite Classic, ShopRite has raised more than $24 million for local schools, hospitals and community groups. Progressive Grocer named ShopRite its 2011 Retailer of the Year and Supermarket News awarded ShopRite its 2011 Retail Excellence Award. For more information, please visit www.ShopRite.com.

About Supermarkets of Cherry Hill, Inc.
The Ravitz Family, owners of Supermarkets of Cherry Hill, Inc. has been operating ShopRite stores in Southern New Jersey for more than 40 years, spanning three generations. The Ravitz family is well known in the area for the Ravitz Family Foundation, a charitable organization that supports local religious groups, schools and members of communities in need.

Media Contacts:
For The Goldenberg Group:
Vince Powers, 610-937-1960 mobile
vwp@powersbc.com

For ShopRite/Supermarkets of Cherry Hill, Inc.:
Santina Stankevich 732-906-5156
Santina.stankevich@wakefern.com

For the City of Camden:
Robert Corrales – 856-757-7200
rocorral@ci.camden.nj.us

Inquirer Editorial: Camden supermarket a welcome development

In a city where there is seldom a reason to celebrate, plans for the first new supermarket in three decades are welcome.

The news in Camden may seem like a small thing to suburban residents, who can choose from a variety of supermarkets that compete for their business and offer extensive selections of fruits and vegetables. But many impoverished places like Camden have few stores large enough to carry much fresh food, leading to their classification as “food deserts.”

The planned ShopRite holds promise not only for healthier eating habits in Camden, but also a desperately needed economic boost.

The struggling city, New Jersey’s poorest, has been teetering on the brink of financial insolvency for years. It has laid off police officers and firefighters and neglected other basic services.

Especially given Camden’s troubled history of state bailouts – and with a Trenton takeover of its schools on the horizon – the city needs to rebuild its decimated tax base to return to viability. It needs a strategy to change the landscape and its destiny.

Beyond the proposed supermarket, redeveloping the city’s vacant swath of waterfront real estate just north of the Ben Franklin Bridge – the former site of Riverfront State Prison – could also encourage more developers to invest in Camden.

The proposed supermarket would anchor a 150,000-square-foot shopping center at Admiral Wilson Boulevard and 17th Street. Developer Ken Goldenberg and the Ravitz family, which owns five ShopRites in Burlington and Camden Counties, are joining forces in the venture. Some of the details of the proposal, including its financing, are still sketchy. But if it goes forward, it is expected to create about 400 construction jobs.

Currently, the 9-square-mile city of 77,000 residents has only one full-service supermarket, a Pathmark in the Fairview section. Because of this acute supermarket shortage, much of Camden is on the federal list of the country’s worst food deserts.

At least a third of the city’s residents live more than a mile from a supermarket. They are often forced to shop in neighborhood bodegas or convenience stores that offer high-priced, processed food of questionable nutritional value. As a result, city shoppers are more likely to suffer from health problems that are complicated by bad eating habits, such as obesity, diabetes, and hypertension.

Camden announces plans for first full-size supermarket in 30 years

By Claudia Vargas, Inquirer Staff Writer

Camden took the first step toward shedding one of its many unwelcome labels – food desert – by announcing plans Tuesday for a 75,000-square-foot ShopRite store.

The supermarket, which Mayor Dana L. Redd described as an oasis, will anchor a planned 150,000-square-foot retail shopping center at the Admiral Wilson Boulevard and 17th Street, city officials and developers said.

The ShopRite would be the city’s first new full-service supermarket in 30 years and only the second in the city of 77,000 people. There is a Pathmark store in the Fairview section.

The planned Admiral Wilson Plaza will serve as a much-needed tax-revenue generator and as an employer in a city that struggles with joblessness and a reputation for violent crime.

About 400 construction jobs are expected to be created once the project breaks ground, officials said.

The developer, Goldenberg Group of Blue Bell, is just starting the permitting and land acquisition process with the city and the Delaware River Port Authority, which owns a portion of the 20 acres the project needs.

DRPA spokesman Tim Ireland said that no one had talked to the authority yet about purchasing its land but that it would be willing to negotiate.

Completion of Admiral Wilson Plaza is expected in 2015, developer Ken Goldenberg said.

“This is a project I believe will jump-start Camden’s commercial renaissance,” Redd told a news conference.

Goldenberg and the Ravitz family, which owns five ShopRites in Burlington and Camden Counties, said they had been trying to set up shop in Camden for years.

About a year ago, while representatives of the two groups were looking at a potential development site outside Camden, the conversation started flowing toward Camden – that the city was ripe for redevelopment, Goldenberg said.

“It’s where the two of us meet,” Goldenberg said, referring to his projects, mostly in Pennsylvania projects – he is among those vying for Philadelphia’s second casino license – and the Ravitzes’ South Jersey stores.

The Admiral Wilson Plaza investors want to join redevelopment already under way in Camden, they said, citing Cooper University Hospital’s campus expansion.

The expansion includes a new cancer center and the new Cooper Medical School of Rowan University as well as a growing University District along Cooper Street.

“It’s an opportunity to be part of a great transformative process,” Goldenberg said.

“We’ve been looking at Camden for a decade,” said Shawn Ravitz, vice president of Supermarkets of Cherry Hill Inc., which owns the ShopRite stores in Camden and Burlington Counties.

The land along the Admiral Wilson Boulevard, the artery leading to Philadelphia and the Ben Franklin Bridge, has been mostly vacant for years, with overgrown lots and a few gas stations and warehouses.

The acute shortage of supermarkets has landed much of Camden on the list of the country’s worst food deserts.

The term is defined by the U.S. Department of Agriculture as a low-income urban area where at least a third of the residents live more than a mile from a supermarket that has at least $2 million in annual sales.

The city has a few mid-size grocery stores. A 16,000-square-foot Fine Fare Supermarket opened last fall at Federal and 21st Streets, just up the road from a Cousins store.

But the ShopRite promises to offer a wider variety of fresh produce, a bakery, a deli, a floral department, and a pharmacy.

Unclear is whether Camden will get yet another full-service supermarket, a Fresh Grocer.

The Philadelphia-based Fresh Grocer signed a letter of intent in September to anchor the long-planned Haddon Avenue Transit Village, which calls for 40,000 square feet of office space, about 400 housing units, a 50,000-square-foot supermarket, and a 700-space garage.

But despite the state’s approval of $50 million in tax credits for the mixed-use project, the grocery store has yet to sign a lease for the planned site at the White Horse Pike intersection near Collingswood.

It was not known Tuesday if Fresh Grocer would sign a lease given ShopRite’s plan.

Randy Cherkas, president of Grapevine Development, which is developing the village, said he planned to meet with Fresh Grocer officials on Friday.

Fresh Grocer spokeswoman Carly Spross said, “We just heard about the news, so we will have to do our due diligence to find out what the impact would or wouldn’t be.”

Admiral Wilson Plaza will be financed through private and public funds, said Jeremy Fogel, principal at Goldenberg Group.

For its proposed Camden project, Goldenberg Group is seeking a variety of state grants and financing, including from the Economic Redevelopment and Growth program of the New Jersey Economic Development Authority.

Developer Ken Goldenberg presented with ‘Vision of Hope’ award

The Times Herald, February 1, 2013

By Gary Puleo

vision-of-hope-award

Photo Caption – Developer Ken Goldenberg’s “People Helping People” program takes him to Kenya, where the organization assists people with education, food and medical needs. Submitted Photo

WHITPAIN – For developer Ken Goldenberg, the reward comes in exploring wasted frontiers like an abandoned brick factory in Plymouth Meeting, and turning them into robust commercial hubs (see Metroplex), as well as reinventing historic icons as places where homeowners create communities.

Still, the CEO and president of The Goldenberg Group, who is a renowned civil advocate, is grateful for the honor that recently came his way from the Bridge of Hope Community Development Corporation and Bright Hope Baptist Church in Philadelphia.

The Vision of Hope award was presented to Goldenberg for “distinguished community service and a commitment to minority business enterprise and economic empowerment,” noted Bright Hope pastor Rev. Kevin Johnson, who called Goldenberg a developer with a heart.

That heart has been flowing with positive reinforcement for social change since Goldenberg launched The Goldenberg Group more than 25 years ago, because he figured real estate development was the ideal venue for his civil and environmental vision.

“I actually created the company to act as a financial platform for my public interests and agenda,” said the one-time civil rights and environmental attorney. “It’s my first love. Originally, the company was a means to that end, but eventually it became an end unto itself, because the projects we tackled were large and complex and transformative.”

The numerous developmental triumphs, in addition to the Metroplex shopping center in Plymouth Meeting, have included ParkWest Town Center in West Philadelphia, which is anchored by Lowe’s and ShopRite; Water Tower Square in Montgomeryville; Red Rose Commons center in Lancaster and The Ayer in Washington Square, a reinvention of an historic building as a condominium tower.

“These properties were either transformative from the standpoint that we were revitalizing brownsfield properties and developing large commercial complexes, or transformative in the respect that we were going into challenging inner city neighborhoods, partnering with the communities in a significant way and creating commercial complexes there,” said Goldenberg, who actively engages underprivileged individuals in the city and in Kenya with the company-wide “People Helping People” program. “Or, in the case of The Ayer, taking historic buildings and renovating. But the commitment was always to do highly transformative projects that would create win-win-win situations … from the public standpoint and win from the private standpoint.”

Goldenberg feels immensely gratified when he sees the lives that have been intermingled because of the homes his company has built.

“That’s one of the distinctive things about our residential properties that makes me feel great – that we’re not just selling beautiful homes, but the people who are buying them are becoming a remarkably happy community,” he said. “We developed what is probably the most successful condominium conversion in the city of Philadelphia on Washington Square. The Ayer is really amazing. If you went down and talked to those residents they’ll tell you what a wonderful community they’ve created living there.”

History is looking to repeat itself with Haverford Reserve, a Goldenberg landscape of carriage homes that is revitalizing the site of an abandoned mental hospital in Haverford.

Commercially, the Metroplex, the big box mecca that features Best Buy, Target and Barnes & Noble, may be the company’s crowning achievement.

“From the standpoint of a retail project the Metroplex is probably considered by many to be the standard there,” he said. “It’s a great location, great collection of tenants and right at the confluence of major arteries. That was a great project that took a long time to bring to fruition. It’s gratifying to take these large old industrial sites like that which are often contaminated, clean up the property environmentally and put it back to productive use.”

Goldenberg likens working with the circle of 12 to 14 executives at his company to life on a crew boat.

“I work with great group of people, and many of them have been together for 15 or 20 years,” he said.

“We’re very strong organizationally and multifaceted, with lots of different experiences, some in real estate, some outside of real estate … and I’m very honored to be working with this talented group. There are a lot of people here who do things much better than I do,” he added, laughing.

Follow Gary Puleo on Twitter @Mustangman48.

CELEBRATED DEVELOPER AND CIVIC LEADER KEN GOLDENBERG NAMED INAUGURAL VISION OF HOPE AWARD HONOREE

Bright Hope Baptist Church and Bridge of Hope Community Development Corporation Lauds Transformative Development Projects, People Helping People Civic Contributions

PHILADELPHIA (January 23, 2013) – Ken Goldenberg, president and chief executive officer of The Goldenberg Group – one of the Philadelphia region’s premier, diversified real estate developers – has been honored with the inaugural Vision of Hope award from Bright Hope Baptist Church and the Bridge of Hope Community Development Corporation in North Philadelphia. Bright Hope has a century-long history of advocacy and active involvement in the issues and challenges facing the African American community and its neighborhood of residence, North Philadelphia. The Vision of Hope award, presented on Martin Luther King Jr. weekend, recognizes distinguished community service, a commitment to minority business enterprise and economic empowerment.

“Bright Hope and Bridge of Hope CDC is proud to honor Ken Goldenberg with our first-ever Vision of Hope award. He is a trailblazer with an impeccable track record of completing developments that have transformed neighborhoods and changed lives here in North Philadelphia, throughout the region, and abroad,” said Reverend Kevin Johnson, pastor of Bright Hope’s 2,500-member congregation. “Ken is a builder and a dreamer. He’s more than a developer – he’s a developer with heart.”

“What a spectacular honor to receive the Vision of Hope award from my good friends at the Bright Hope Baptist Church and the Bridge of Hope CDC,” said Ken Goldenberg. “Bright Hope has seen the likes of some of the 20th century’s foremost visionaries – among them Dr. Martin Luther King, Archbishop Desmond Tutu, U.S. Congresswoman Barbara Jordan, Nelson Mandela and Maya Angelou – and to be held in that company, and called a visionary and a dreamer, is at once humbling and incredibly affirming.”

A Developer with Heart From a very young age, Ken Goldenberg was set on effecting positive social change. After graduating from Harvard Law School and completing a stint as a civil rights and environmental attorney with the Center for Law in the Public Interest, Ken took a year-long sabbatical to backpack through Southeast Asia and Europe. When he returned, Ken earned his MBA from The University of Pennsylvania’s Wharton School of Business and, in 1987, established an eponymous real estate development firm with two goals: to develop large complex projects that would help transform communities, and to provide a financial platform that would allow Ken to continue his robust public interest agenda.

“In my 10 years with The Goldenberg Group, I’ve seen Ken apply a tenacious, thoughtful and entrepreneurial spirit to every project he undertakes – corporate and charitable,” said David Mercuris, Senior Vice President, Development Director, The Goldenberg Group. “Like the true leader that he is, he creates winning situations for the company and for the communities. His organizational model of symbiotically combining a private business enterprise with a philanthropic not-for-profit organization is both innovative and inspirational.”

Envisioning a North Philadelphia Partnership In August 2008, armed with a big vision, The Goldenberg Group – in partnership with Bridge of Hope Community Development Corporation, the development arm of Bright Hope Baptist Church – acquired the 4.5 acre John Wanamaker School property, located at 12th Street and West Montgomery Avenue, from the Philadelphia School District.

“Six years ago, we had a dream to build a wonderful beacon of light. A place that would provide jobs and opportunities and hope for people in the community. And, particularly, a place that would bring all of us together, as friends, as colleagues, and as partners,” said Goldenberg.

This past November, The Goldenberg Group broke ground on a $100 million new student residence project at the site. The redevelopment project is underway in partnership with Bridge of Hope Community Development Corporation, and calls for a 320,000 square foot, 14-story apartment building that will house 832 beds across 238 residences; 80 parking spaces; and 11,000 sq. ft. of first-floor retail, for occupancy in fall 2014. However, it is only phase one of a two-or three-phase project. Plus, Goldenberg is already advancing numerous other charitable efforts in the community as part of its holistic approach to community development.

“The partnership of Bridge of Hope and The Goldenberg Group is an example of a faith-based organization and business firm working together to make North Philadelphia a stronger community for all people,” said Rev. Johnson. ‬

People Helping People Ken’s unwavering commitment to the neighborhoods he works in spawned ‘People Helping People- Philadelphia’. Since 2007, employees of The Goldenberg Group have taken one full day every month to get out from behind their desks and work together in the community – reading to students at inner city schools; baking at The Philadelphia Ronald McDonald House, and cooking for the homeless in North Philadelphia; building a Little League baseball diamond in North Philadelphia, and leading cleanup and gardening activities at a variety of schools and community centers; painting and cleaning a suburban orphanage; producing a carnival at a special needs day camp; and much, much more. To date, People Helping People has contributed nearly 10,000 hours of volunteer work in the Philadelphia area. Goldenberg’s bigger vision here is actually to expand and orchestrate this effort for numerous other companies in the interest of not only doing these good works, but helping to transform the consciousness of Philadelphians generally.

In addition, People Helping People has mobilized an Adopt-A-School program, and recently lent its support to the “Save Stanton” campaign to keep the doors of Graduate Hospital’s E.M. Stanton Elementary School open. The program extended to clean-up efforts in the classrooms and cafeteria, including the purchase of supplies. Today, the Goldenberg Group and People Helping People are working similarly with several schools in the Philadelphia area.

Beyond the city borders, People Helping People has a robust program in Kenya and in the Ivory Coast, centered on education, food and medical assistance, microfinancing, and numerous community projects. For example, in Kenya, People Helping People has funded educational sponsorships for nearly 100 children in primary and secondary schools, including sponsorship of uniforms, supplies and extra tutoring, and provides post- secondary education support; makes available health subsidies and food parcels to the needy, including the elderly and disabled; funds micro loans to entrepreneurs, some of whom have already become quite successful; and supports local organizations through meaningful community partnerships on projects such as building a mortuary for a local hospital, Alcoholics Anonymous outreach programs, construction efforts at a school for the blind and a school for the handicapped, feeding programs for pre-school children, counseling for HIV+ patients, and water projects. Ken Goldenberg actually spends more than three months a year abroad himself, personally participating in and overseeing these charitable activities in Kenya.

ABOUT THE GOLDENBERG GROUP Headquartered in Blue Bell, Pa., The Goldenberg Group has an extensive track record in the successful development of award-winning residential, mixed-use and large commercial retail projects, specializing in, among other things, brownsfield redevelopment projects, community partnerships and historic preservation. Special expertise includes acquisition, permitting, approvals, design, construction, leasing, sales and property management. As described above, these efforts act as the financial platform for Ken Goldenberg and The Goldenberg Group’s robust public interest agenda in Philadelphia and abroad. For more information, visit www.goldenberggroup.com.

ABOUT BRIGHT HOPE BAPTIST CHURCH Established in 1910, Bright Hope Baptist Church looks to give expression and visible form to that faith and fellowship to which God has called his people. Bright Hope has a 100-year history of advocacy and active involvement in the issues and challenges facing the African American community and its neighborhood of residence, North Central Philadelphia. For 35 years, the 2,500-member congregation was under the leadership of Pastor Emeritus William H. Gray III, a former Congressman and past President of the United Negro College Fund. In 2007, Reverend Kevin R. Johnson became the fifth pastor of Bright Hope. Johnson, former Assistant Minister of Abbysinnian Baptist Church in New York City, is a Phi Beta Kappa and Magna Cum Laude graduate of Morehouse College, and earned a masters degree from Union Theological Seminary and a doctorate from Columbia University in the Department of Organization and Leadership at Teachers College. For more information, visit www.brighthopebaptist.org/

Construction Begins on $100M Student Housing Project at Temple University

1100 West Montgomery Avenue, Philadelphia, PA

​MULTI HOUSING NEWS

The Goldenberg Group Begins Construction on $100M Philadelphia Student Community

By Jessica Fiur, News Editor

Philadelphia—The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project. The community will be located at the site of the former John Wanamaker School, which is close to Temple University’s main campus.

Once completed, the community will include a 14-story building with 832 beds and 238 apartments, 80 parking spaces and 11,000 square feet of retail space. Floor plans for the apartments include studio and one- and two-bedroom units.

Amenities for the community will include a fitness center, computer lab with study lounge, laundry facility on each floor, a club lounge, an outdoor plaza and storage for 150 bikes. In 2008 the Goldenberg Group, in partnership with Bridge of Hope Community Development Corp., the development arm of Bright Hope Baptist Church, acquired the property from the Philadelphia School District.

“I’m excited because The Goldenberg Group and the Goldenberg/People Helping People Foundation have all now landed in North Philadelphia, and when we land in a community we don’t just arrive to build a building—we come with all our heart and all our enthusiasm to figure out each and every way that we can help to make this a better place to live,” Ken Goldenberg, president and CEO of The Goldenberg Group, tells MHN. “And truly, this student residence project is a community effort, moving forward in cooperation with Bright Hope Baptist Church and the Bridge of Hope CDC, with Governor Tom Corbett, Mayor Michael Nutter, City Council President Darrell Clarke, State Senator Shirley Kitchen and many others.”

The community is expected to be completed by Fall 2014.

Work Begins on $100M Student Apartment Building at Temple

By Jennifer Lin, INQUIRER STAFF WRITER

After a false start four years ago, the Goldenberg Group has started construction on a $100 million student apartment building next to Temple University on the site of the former John Wanamaker Middle School.

The 14-story residence, in the 1100 block of Cecil B. Moore Avenue, will add 832 beds for Temple students.

In 2008, the Goldenberg Group, of Blue Bell, outbid others to buy the former school from the Philadelphia School District for $10.75 million.

The original plan was to renovate the school into student apartments, with community space and a charter school for the Bright Hope Baptist Church, which is across the street.

But the recession, combined with a change of heart about the wisdom of renovating the building, led Goldenberg to change its plan.

At a groundbreaking Monday morning, Ken Goldenberg, founder of the company, said there were environmental issues with the shuttered middle school, such as the presence of lead paint and contamination from old transformers in the basement.

Such concerns would have made leasing the building “a bit of a challenge,” Goldenberg said.

If the company had gone ahead with the renovation, it would have been able to add 600 beds using two-thirds of the nearly five-acre site, he said.

By demolishing the school, which is more than 50 years old, and building anew, the company will be able to add more apartments using less space. The remaining land, he added, could be developed into retailing or other purposes.

“We loved the old design,” Goldenberg said, “but unfortunately it didn’t work out.”

The project is the third to add much-needed housing for Temple. The university is building a 1,000-bed dormitory on North Broad Street, and Mosaic Development Partners of West Philadelphia is finishing construction of Diamond Green Apartments for an additional 350 students near the Temple University train station.

Taken together, the projects will relieve pressure among Temple’s rising ranks of students to find housing on or near campus, said Ken Lawrence, a senior vice president of government relations at Temple.

About 10,000 Temple students live around campus, but only half of them are in dorm rooms provided by the university, he said.

That has created flashpoints between students and longer-term residents, said City Council President Darrell L. Clarke, whose district includes Temple.

“This will alleviate some of that,” Clarke said.

The project is a collaboration between Goldenberg and the Bright Hope Community Development Corp., the nonprofit economic development arm of the church.

The Rev. Kevin R. Johnson, pastor at Bright Hope, said community members had direct input into the development of the project. The nonprofit, he added, is an equity partner with a 10 percent stake.

Johnson said the church will be able to use income from the project to fund other activities, such as starting a charter school.

Located on the southern edge of campus, the Goldenberg building will sport flashes of Temple red and have 238 apartments for 832 people, ready by the fall of 2014. The company said rents have not yet been determined.

 

Contact Jennifer Lin at 215-854-5659 or jlin@phillynews.com, or on Twitter @j_linq.

West Philadelphia Enjoys the 5th annual Renaissance Festival at Parkwest Town Center

PARKWEST TOWN CENTER, 52ND AND JEFFERSON STREETS, PHILADELPHIA, PA

The Goldenberg Group and West Philadelphia Financial Services Inc, celebrate the 5th annual Renaissance Festival at Parkwest Town Center. Over 2,000 friends and neighbors attended the festival which included live entertainment, dancing, face painting for the kids and much more…

FOR IMMEDIATE RELEASE
SATURDAY, JUNE 2, 2012 12-4 PM
FIFTH ANNUAL RENAISSANCE FESTIVAL CELEBRATES
ANNIVERSARY OF PARKWEST TOWN CENTER

Park West-A Clean and Green Town Meeting Place
The Goldenberg Group and West Philadelphia Financial Services Institution invite you to Park West Town Center on Saturday June 2nd for the 5th Annual Renaissance Festival, celebrating the anniversary of the opening of Park West Town Center. The fair will be held from noon to 4 pm at Park West Town Center, located at 52nd and Jefferson Streets. Join the developers, tenants, community and Mayor Nutter for a day of fun, food and entertainment. Scheduled performers include Amazin’Grace, Universal Dance Ensemble, and loads of local talented performers appearing throughout the day on the main stage. This year, the newly created Renaissance Award will be presented to Parkside’s own, Lezlie Hiner, Founder & Director of Work to Ride, Inc., and Lynne Carter, a distinguished Boxing Judge (known as a pioneering woman in boxing) for their outstanding service to the community. Additionally, there will be a giant cake for all to enjoy. Other attractions include live remote broadcasts by WURD-AM, clowns, face painting and much, much more. Shop Rite will be offering hot dogs and sodas for $1.00. Additional food and giveaways will be provided by A&W Root beer and a host of others. (The Mayor and other elected officials will be addressing the community and cutting the giant cake between 1:55 & 2:30 p.m.)

Park West Town Center is West Philadelphia’s largest and most successful retail center, featuring such outstanding tenants as Shop-Rite, Lowe’s, Monster Pets, Anna’s Linens, You Got the Look, Kicks USA, Hair Buzz, GameStop, T-Mobile, Ashley Stewart, Dots, Wells Fargo Bank, and McDonalds. It took almost a decade of work to get the $55 million, 340,000 square foot Park West Town Center at 52nd and Jefferson Streets built, using a combination of public and private funds. The project has already accounted for the creation of over 700 jobs and returns 30% of all profits as a direct reinvestment into the community for use as small-business loans, home rehabilitation, and other neighborhood projects.