Philadelphia developers Post Brothers and Bart Blatstein’s Tower Investments have begun pre-leasing at their 14-story One Thousand One development on the northeast corner of South Broad Street and Washington Avenue and plan to deliver the first units this spring.
MATT PESTRONK, CO-FOUNDER AND PRESIDENT, REAL ESTATE DEVELOPER POST BROTHERS “Banks are probably closer to health than they have been. Rates are going to come down and that will ease pressure on floating rate loans and their borrowers…”
Three other food concepts are planned nearby in Northern Liberties. Post Brothers has inked deals to bring a restaurant, a food hall and a deli in the Piazza Alta, the latest addition to the Piazza collection of residential buildings.
Michael Pestronk, co-founder of the developer Post Brothers, tells Axios that the plans are to convert two 1960s-era towers into apartments — One of the largest projects envisions 600 to 650 units across from the Washington Hilton near Dupont Circle.
Read more at Axios D.C.