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"We saw this as a great opportunity to provide a structured investment in a development project that is extremely promising, given the ongoing local demand for high-quality residential and retail product," says Matt Drummond, Square Mile Capital.
A long-term lease of 629 square feet has been inked with Flip 'n Patties at Understory, the 35,000-square-foot community hub and culinary market at Capitol Tower.
At the REBNY spring luncheon, Google's director of real estate NYC stressed his company's commitment to the community as integral to how it does business.
First and foremost, Soloman Cordwell Buenz wanted to design a building that didn't feel like what would be in Chicago, New York or London; rather, a building that feels like it belongs in Oakland.
While developers stand to reap the benefits of tax breaks, it is not clear how residents of low-income neighborhoods in Opportunity Zones will benefit from the redevelopment of their communities.
The three Trexlertown leases expand the center's offerings and provide customers with a well-rounded shopping experience, says Metro Commercial's Valerie Pettine.