COLLINGSWOOD, NJ-Audubon Communities has launched a $10 million renovation of its Parkview Apartments, a 1,025-unit mid-rise rental property. The complex, one of South Jersey’s largest rental communities, dates back to the 1950s.

Audubon president Charles Reyher unveiled the renovation master plan to residents of the complex recently. Slated to be completed by the summer of 2007, the project involves a full renovation of building interiors including lobbies, mechanical systems and the grounds, as well as a new roof. The Maple Shade, NJ-based Audubon Communities acquired the property from its local owners in April of this year.

“After completing the renovation of more than 15,000 apartment units in my career, I’m happy to apply the knowledge I’ve gained to this landmark property,” Reyher says. “We have been listening to the needs of Parkview’s resident and have created a master plan with their input very much in mind.

“Due to the condition of the property, especially the mechanical components, we thought it was better to do all of the work simultaneously,” he says. “This will help limit the inconvenience to residents. We look forward to completing all work by summer 2007.”

Also part of the makeover are renovations to the property’s existing 100,000-sf parking deck, a portion of which has been unusable due to steel and concrete structural failures tied to water seepage.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.