Investers Scour Philly for Multifamily
Want to get a jump-start on upcoming deals? Meet the major Philadelphia players at one of our upcoming events!
|The Martin Architectural Group's Mike Rosen tells us NY- and DC-centric investors are now looking at Philly multifamily. (The smell of Gino's was too much for them to resist.) There are two popular types: old industrial shells for conversion or old regional malls for redevelopment into mixed-use town centers. Mike says developers put apartments where the underutilized parking lots were, add structured parking, and retenant the retail. The City of Philadelphia has been proactive, rewriting the zoning this year to be development friendly, including incentivizing green design and in-building parking. We snapped Mike at the Bisnow Multifamily Annual Conference this week in DC with CoStar's Michael Cohen and Harkins Builders'Steve Rubin.|
|Ever seen speed networking before? For any newbies (or veterans who are just curious), here's a video from our national multi-day conference, where 100 of the 500 BMAC attendees worked the room with two-minute rapid-fire schmooze sessions. Check our our DC issue for additional coverage from the event here and here.|