Emperian Luxury Towers to Get $85M Renovation

PHILADELPHIA-Post Brothers Apartments, operated by Matthew and Michael Pestronk, is preparing for an $85-million restoration of Emperian Luxury Towers, a 624-unit apartment complex in Germantown.

By GlobeSt News Hub | April 17, 2012 at 01:01 AM

PHILADELPHIA-Post Brothers Apartments, operated by Matthew and Michael Pestronk, is preparing for an $85-million restoration of Emperian Luxury Towers, a 624-unit apartment complex in Germantown. The property sits on a 16-acre land.

Post Brothers is rebranding the multifamily property as Rittenhouse Hill. The company lined up a $52-million loan four weeks ago for the renovation. A division of French bank Natixis SA provided the loan for the redevelopment of Rittenhouse Hill. For the full story, go to Wall Street Journal .

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