PHILADELPHIA-Post Brothers Apartments, operated by Matthew andMichael Pestronk, is preparing for an $85-million restoration ofEmperian Luxury Towers, a 624-unit apartment complex in Germantown.The property sits on a 16-acre land.
Post Brothers is rebranding the multifamily property asRittenhouse Hill. The company lined up a $52-million loan fourweeks ago for the renovation. A division of French bank Natixis SAprovided the loan for the redevelopment of Rittenhouse Hill. Forthe full story, go to Wall Street Journal .
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