Brewerytown Revitalization to Continue as Developer Set to Invest $60 Million
MM Partners, a developer who has invested close to $45 million in Brewerytown within the last decade, according to Natalie Kostelni at the Philadelphia Business Journal, plans to keep the neighborhood booming with approximately $60 million in future investments.
Kostelni reports MM Partners, which has “more than 50 residential, retail and mixed-use properties” in Brewerytown, has mainly kept its eye on a five-block stretch of the neighborhood. Below are Kostelni’s roundup of some of the developer’s in-progress projects:
• The Braverman Building, which is currently under construction at Girard Avenue and Taney St. and is expected to be completed next spring. The project involves 16 residential units and two retail spaces.
• Girard27 is a new development at 27th Street and Girard Avenue and will include 15,000 square feet of retail, 68 apartments, 60 parking spaces, and 10 townhouses. MM Partners is joint venturing with ADCO American Development on the project and expects to break ground in the spring.
• The Hat Shop at 2841-43 W. Girard Ave., an existing building, will have four apartments and five retail spaces.
• A.F. Bernot Dye Works, a 75,000-square-foot building at 1626-44 Fairmount Ave. will be converted into 18 loft apartments and 15,000 square feet of retail. It is under construction and scheduled to be completed next spring.
MM Partners to invest $60 million in Brewerytown [Philadelphia Business Journal]