Tag Archives: featured

Hamilton Crossings fuels increase in LANTA ridership

Morning Call

Anthony Salamone – Contact Reporter
March 17, 2017

LANtaLANTA (Lehigh and Northampton Transportation Authority) says shoppers and employees heading to Hamilton Crossing Shopping Center are riding its buses so much that ridership rose nearly 20 percent in the first three months since major stores have opened at the Lower Macungie Township retail development.

LANTA spokesman Chuck Genna said about 31,000 people rode the agency’s Route 322 buses November through January. That is an increase of 18 percent, or nearly 6,000 people, over the same three-month period a year ago. He said ridership has increased each month, to a high of 31 percent in January. [Read full article]

Goldenberg readies for summer groundbreaking on $150M Temple student housing project

 

The View II - seen from Cecil B. Moore Ave

The student housing project will have 874 beds.

The project would serve as the second phase of a development on the former Wanamaker school site.

Goldenberg Group is moving forward with a new $150 million student housing complex at the former site of the John Wanamaker Middle School in North Philadelphia.

It would be a companion tower to the View at Montgomery, which was a $100 million mixed-use development that the Blue Bell-based developer constructed and opened in the fall of 2014. That 14-story, 320,000-square-foot building has 832 beds in 238 residences along with 11,000 square feet of first-floor retail. It caters to Temple University students as will the new tower.

“It’s been 100 percent leased since we opened and it tells me that Temple students were starved for good residential product,” said Kevin Trapper, senior vice president at Goldenberg. “The university continues to grow year after year. We feel bullish about the next phase.”

The new project, referred to as View II at Montgomery, would total 460,000 square feet and have 874 beds spread over 352 fully-furnished apartments. It would have 22,000 square feet of retail and restaurant space.

Trapper said that there were some lessons learned from View I that the developer tweaked when designing View II. For example, Goldenberg incorporated more community spaces – especially study rooms that are large enough for groups to gather and work together. Even with View I, Goldenberg revamped what had been a game room and some other spaces and turned them into study rooms and computer labs. In addition to adding study spaces, more amenities and commercial spaces have also been planned for the second phase.

Such projects are part of a new generation of student housing, according to national student housing report by Abodo. Higher enrollments have put pressure on schools’ on-campus housing, leading private developers to fill a void. Private rentals now account for 62 percent of the student housing market.

These new student housing projects are typically located within walking or biking distance from a campus and are amenity rich with common areas that promote social interaction, study rooms, fitness centers, pools, sand volleyball courts, outdoor BBQs and fire pits.

“Some student housing properties have attracted attention for the ‘Club Med’ style of living,” the report said. “From the manager/owner’s perspective, such properties loaded with amenities and unique features also receive a significant benefit from social media and viral marketing. When students invite friends over for volleyball or movie night, they quickly realize what they’re missing out on.”

At the View I, Goldenberg touts the property as “the only, all inclusive resort style student apartments for rent near Temple University.”

This housing does come at a cost with students paying higher rents for the location and amenities.

In Pennsylvania, Drexel University ($1,199), the University of Pennsylvania ($1,198), Temple University ($1,170) and Villanova University ($1,052) have some of the highest student monthly housing rents, according to the Abodo research. At View I, monthly rents run from $799 for a shared room, $979 for a private room and upwards of $1,699 for an entire apartment.

Goldenberg bought the former school in the 1100 block of Cecil B. Moore Avenue in 2008 for $10.75 million. It had originally wanted to convert the school into residential use but those plans were nixed when environmental issues were reportedly insurmountable. As a result, the property was razed to make way for new construction. Its original plans involved a three-phase project with three buildings but that was scaled back to two.

“The sooner we get to market, the better,” Trapper said. The developer would like to break ground this July and have the project completed by fall 2019.

JV Tops out 322-Unit Residential Tower in Philadelphia’s Center City

RebusinessOnlineMasthead
By Amy Works
Multifamily
Jan. 27, 2017

Located in Philadelphia’s Center City, 1213 Walnut will feature 322 for-rent apartment units and 7,200 square feet of retail space.

PHILADELPHIA — A joint venture between The Goldenberg Group, Hines and ASB Real Estate Investments has announced the structural topping out of 1213 Walnut, a residential tower located in Philadelphia’s Center City. The 26-story, 300,000-square-foot building will feature 322 for-rent luxury apartment units, 7,200 square feet of retail space, 11,000 square feet of amenity space, a 3,000-square-foot fitness center, rooftop deck, dog park and bicycle storage. Preleasing will begin in April, with occupancy slated for July. [See Article]

ACME Coming to Snyder Plaza in South Philadelphia

ACME Markets and real estate development firm, The Goldenberg Group, announce the signing of a lease to construct a new supermarket in the City of Philadelphia.  The new full-line grocery market will be located in the Snyder Plaza Shopping Center and will serve the Pennsport and Whitman neighborhoods as well as the greater Center City area.  The new ACME will include both Starbucks coffee, as well as a beer and wine shop.

See recent news coverage here:

ACME at Snyder Plaza Opening this SummerNBC 10 Philadelphia
Philadelphia Inquirer
Philadelphia Business Journal
Curbed Philadelphia
Passyunk Post
Philly Voice

Costco sets grand opening date at Hamilton Crossings

Morning CallBy Andrew Wagam
October 25, 2016, 7:25 PM

Hamilton CrossingsLehigh Valley’s first Costco Wholesale will hold its grand opening Nov. 18 at the Hamilton Crossings shopping center in Lower Macungie Township.

Nov. 18 is also the official opening of the shopping center, which features other firsts for the region, such as the first Whole Foods Market and Nordstrom Rack. The first stores opened in July.

“There has been a lot of positive anticipation for many of the first-class retailers and restaurants that are opening in the center,” said Jeremy Fogel, executive vice president of the Goldenberg Group, the co-developer. “We hope everyone is as pleased as we are with the result of the wonderful collaboration.” [Read Full Article]

 

Pier 1 Imports opens at Hamilton Crossings

The Morning Call
Jon Harris
October 11, 2016, 7:20 PM

Home goods retailer Pier 1 Imports on Tuesday opened its doors at Hamilton Crossings, the latest addition to the Lower Macungie Township shopping center.

The 7,700-square-foot location is the 37th store in Pennsylvania for the Fort Worth, Texas-based retailer that specializes in home decor and furniture. It is the chain’s third location in the Lehigh Valley; it also has stores on MacArthur Road in Whitehall Township and in the Southmont shopping center in Bethlehem Township.

“We are pleased to bring this new Pier 1 Imports to Trexlertown and hope that our new location will inspire customers to discover endless possibilities for their home that are unique to Pier 1 Imports,” Pier 1 President and CEO Alex W. Smith said in a news release.

Aerial View of Hamilton Crossings

Aerial View of Hamilton Crossings

On average, the company said, the store will employ about 18 to 20 associates throughout the year, with associate hours fluctuating based on the needs of the business and the season. The Hamilton Crossings location also features the company’s new store concept, which uses a new interior including natural-colored floor tiles, rustic ceiling elements, enhanced store lighting and lit shelving units.

Pier 1 said the first 500 customers each day through Thursday will receive a free reusable bag in celebration of the opening. Store hours were not immediately available.

Pier 1 joins a growing list of retailers that have already opened at Hamilton Crossings. That list includes Anthony’s Coal Fired Pizza, the Lehigh Valley’s first Whole Foods and Nordstrom Rack. [go to article]