New Upscale Residences Set on the Site of Historic 1881 Mansion
The first residents have moved into Maybrook, a new 250-unit luxury multi- housing community in Wynnewood, Pennsylvania. The community sits on approximately 36-acres in one of Philadelphia’s most affluent suburbs on the Main Line. The project is a joint venture between Jefferson Apartment Group, Haverford Properties Inc., and Lowe Enterprises Investors. Lowe is providing investment management services on behalf of an institutional client. The community is managed by Jefferson Apartment Group.
“Maybrook will be well-received in the market, as demand for high-quality luxury apartments from empty nesters and young, dual income couples continues to grow in this affluent neighborhood,” stated James Duncan, CFO at Jefferson Apartment Group.
Showcasing rich, classic, stone and brick architectural materials, Maybrook is a 4-story, wood- framed mid-rise with floorplans from one-bedroom to unique three-bedrooms plus loft, ranging from 727 to 1,839 square feet. A 450-space structured parking garage directly connects to the first three resident levels.
Community amenities include a state-of-the-art two-story fitness center with Peloton bikes, cyber lounge, clubroom, swimming pool, walking trails, paddle tennis court, and dog park. All residences feature high-end finishes including quartz countertops, stainless steel appliances, under cabinet LED lighting, pendant lighting, tile backsplashes, plank flooring in kitchens and living rooms, walk- in closets with Elfa closet organizers, oversized windows, full sized washer/dryer, and crown molding.
In addition to the new construction, the project includes a 20,000-square foot historic mansion dating back to 1881 that will be used to expand the amenity base. The updated mansion will include multiple lounges, a classic billiards and sports room, an executive dining room, and other entertainment areas.
Contact: Christine Masney christinemasney@gmail.com 301.461.1978
“Maybrook is the first true luxury apartment development to be constructed on the Main Line and the project’s setting is one of a kind. The 30-plus acre site will offer residents the most unique apartment setting offered anywhere in the Philadelphia market, and it also sits adjacent to a train station that can transport passengers to center city Philadelphia in 17 minutes,” said Charles Houder, Principal and Founder of Haverford Properties.
The property is located in Wynnewood, which boasts some of the country’s best economic demographics. It is a short stroll to the Wynnewood SEPTA station. The community is within walking distance to numerous shopping, dining and entertainment options, including Whole Foods Market and Starbucks.
About Jefferson Apartment Group
Jefferson Apartment Group is a full-service real estate firm specializing in multifamily and mixed- use real estate investments through acquisition, development, construction, and property management services. JAG focuses on urban, transit-oriented assets located in high barrier-to- entry markets on the East Coast. The firm is committed to creating and managing communities that are high quality, innovative and environmentally responsible. More information is available at www.jeffersonapartmentgroup.com.
About Haverford Properties Inc
Haverford Properties Inc. is a diversified real estate investment and development firm based outside of Philadelphia, Pennsylvania. The company is involved in all aspects of real estate development and investment, including but not limited to acquisition, entitlement and project construction, management, asset management, property management, accounting and underwriting. Haverford's investments focus on residential land development, multi-family vertical development, value-add office buildings, mixed-use development sites, and industrial development. For more information, please view www.haverfordproperties.com.
About Lowe Enterprises Investors
Lowe Enterprises Investors (LEI) provides real estate investment management services on behalf of a select list of institutional and high net worth clients and partners through individually managed accounts, commingled fund relationships and targeted investment programs. The firm has been responsible for $7 billion in real estate assets, including commercial, hospitality and debt investments, since inception in the late 1980s. LEI has been a leading value-added investor through multiple cycles, employing equity and structured debt in its investment strategies. Based in Los Angeles, LEI is an affiliate of Lowe, a national investment, development and management firm. Lowe maintains regional offices in Northern California, Southern California, Denver, Philadelphia, Seattle and Washington, DC. For more information, please visit: www.leinvestors.com.
