In September of 2017, building on the success of The View at Montgomery on the edge of Temple University’s campus, The Goldenberg Group began construction on a $199 million student housing community. This 470,000 SF mixed-use companion development located at 12th Street at 12th Street and Cecil B. Moore Avenue will feature 984 beds, best-in-class amenities, and panoramic views of the Philadelphia skyline [Read Full Article]
A little over a year ago, we shared the news that development would be forthcoming on the north side of 1100 block of Cecil B. Moore Avenue, at the vacant lot to the south of The View at Montgomery. Not surprisingly, that development was coming at the hands of the Goldenberg Group, the same company that developed the aforementioned View project. [Read Full Article]
Plans by Toys R Us to shutter its nationwide empire of big-box stores that sell toys, kids’ clothing, and baby goods are poised to empty nearly a million square feet of retail space in the Philadelphia region, a new headache for landlords already seeking tenants for properties vacated by other bankrupt and shrinking retailers.Wayne, N.J.-based Toys R Us Inc. operates 34 Toys R Us and Babies R Us stores in Southeastern Pennsylvania, South Jersey and northern Delaware, accounting for 967,544 square feet of space, according to data compiled by real estate market tracker CoStar Group. The chain owns just nine of those properties, leasing the others from commercial landlords who are soon to be faced with finding new tenants amid a dwindling pool of users of big-box spaces. [Read Full Article]
The View at Montgomery Ranked 16 in the Top 100 by Online Reputation for 2017By Joseph Batdorf
More than 85% of students use online reviews to search for an apartment, according to J Turner Research’s latest student housing research study.This year, J Turner Research introduces quarterly student housing ORA (Online Reputation Assessment) Power Rankings. The first edition of this series spotlights the top 100 student housing properties of 2017 by online reputation. To compile our rankings, we tracked more than 1,100 such developments nationwide across various review sites. In January 2018, we undertook an extensive national research project to study how students have evolved in their consumption of reviews and responses. Our research shows that harnessing the power of content in both reviews and responses is critical to generating an increase in student traffic. More than 21,000 students say that reviews continue to have a significant influence on their decision-making regarding housing. With that, students have become more perceptive about and discerning of the content of reviews. (The complete results of the survey will be unveiled at the 2018 NAA Campus Connex Conference, Feb. 13–14, in Orlando, Fla.) [read full article]
PHILADELPHIA, PA — The Goldenberg Group has begun construction on a $199 million student housing development adjacent to its signature student tower, The View at Montgomery. Located at 12th St. and Cecil B. Moore Ave., the 470,000 s/f mixed-use facility will feature 984 beds.
The project will incorporate 30,000 s/f of ground-level retail, restaurant and commercial space and activity areas.
The project represents the second and final phase of Goldenberg’s master-planned redevelopment of the 4.6-acre site of the former John Wanamaker High School. This phase was designed to complement The Goldenberg Group’s existing 832-bed student housing development, The View at Montgomery. [Read Full Article]
By Brian Pedersen, October 27, 2017 at 11:01 AM
About 450 people attended the sold-out March of Dimes Commercial & Industrial Real Estate Awards breakfast this morning at the DeSales University Center in Upper Saucon Township. This year’s recipients are: L. Charles Marcon as Individual/Organization of the Year and Hamilton Crossings for Project of the Year. [Read Full Article]