Post Brothers recently bought a Washington office building that went for $92.5 million in the fall of 2019 for $67 million, while Clarion Partners is offering a San Francisco office tower for roughly half of what it paid around a decade ago.
At just under 700 units, Post Brothers’ Piazza Alta is the largest residential development in the United States employing prefabricated light-gauge steel for its walls. The project’s size, and its use of new technology, has earned it a 2023 CoStar Impact Award for multifamily development in Philadelphia, as judged by real estate professionals familiar with […]
“I’m finding it’s completely based on tenant demand,” said Mike Pestronk, CEO at Post Brothers, a Philadelphia-based Class A multifamily developer, of the push for landlords to add EV charging stations to their properties. “We’re in the consumer product business. We want to give people what they want. The IRA has lots of good stuff […]
The Piazza Terminal will eventually have 1,100 apartments. Most units at the Terminal are the usual one- and two-bedrooms, but Post is so optimistic about Philadelphia’s future that it is now planning a 102-unit project aimed at families.
Read more at The Philadelphia Inquirer, https://www.inquirer.com/real-estate/inga-saffron/philadelphia-apartment-construction-tax-abatement-pandemic-coronavirus-delaware-waterfront-center-city-pmc-post-brothers-20200810.html