Rittenhouse Realty Advisors Sells West Philly Development Site Approved for 153 Apartments

11/30/17

PHILADELPHIA, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Rittenhouse Realty Advisors is pleased to announce the sale of 780 S. 52ndStreet, a development site located in the Cedar Park/ University City neighborhood of Philadelphia. The property includes a 115,835+/- square foot building (a former storage facility) on a 1.21 acre parcel.

The property is well located for tenant access to world class schools and medical facilities, including UPenn and Drexel University, as well as Penn Medicine and CHOP. It is also just a block from Baltimore Avenue, which is lined with bars, restaurants, and coffee shops, and has a trolley route to Center City.

Ken Wellar, Managing Partner of RRA, stated: “Apple Lofts sat vacant for over ten years, so it is very exciting to see the building finally getting developed. Adding 153 units will have a great impact on the density of this area.”

Mark Duszak, Director of RRA, added: “The transformation of this building represents the strength of University City's expansion into surrounding neighborhoods.”

For more information on current rates or to view our available listings visit www.RittenhouseRealty.com

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