Thursday, December 11, 2014

MM Partners to invest $60 million in Brewerytown

by Natalie Ksotelni, Staff writer for the Philadelphia Business Journal
Over the next two years, MM Partners plans to invest roughly $60 million in Brewerytown, a Philadelphia neighborhood where it has already invested more than $45 million in just over a decade.
The focus of MM Partners has been across five blocks in the heart of Brewerytown where it has already amassed more than 50 residential, retail and mixed-use properties and created a critical mass that is helping to reshape and revitalize the neighborhood.

Some of the projects MM Partners is working on include:

The Braverman Building, which is currently under construction at Girard Avenue and Taney St. and is expected to be completed next spring. The project involves 16 residential units and two retail spaces.

Girard27 is a new development at 27th Street and Girard Avenue and will include 15,000 square feet of retail, 68 apartments, 60 parking spaces, and 10 townhouses. MM Partners is joint venturing with ADCO American Development on the project and expects to break ground in the spring.

The Hat Shop at 2841-43 W. Girard Ave., an existing building, will have four apartments and five retail spaces.

A.F. Bernot Dye Works, a 75,000-square-foot building at 1626-44 Fairmount Ave. will be converted into 18 loft apartments and 15,000 square feet of retail. It is under construction and scheduled to be completed next spring.

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