|
June 2006 - HPH OBTAINS ZONING PERMIT FROM THE CITY OF PHILADELPHIA FOR THE CONVERSION OF OLD CITY OFFICE BUILDING INTO 36 CONDOMINIUM UNITS.
Project located at the corner of Fourth and Cherry streets in Old City District, was the main headquarters for the Teamsters Health and Welfare Fund which relocated to NJ. The 50,000 Square Feet , six story building will be converted into 36 luxury Condominium units starting in mid august of 2006 and Occupancy is expected in late spring of 2007. First Penn Bank will be lead bank with Nova Savings and Third Federal banks as participants. The project will include 10 different layout plans including four penthouse units on the sixth level. Caldwell Realty has been appointed exclusive listing broker for the project to be named "The Lakota".
April 2005 - HPH to break ground on two projects in the summer of 2005.
HPH intends to break ground on two developments on the west side of Second Street in Northern Liberties this summer. The two projects will have 15 Condominiums and two commercial spaces along the 700 block. Caldwell Realty was appointed exclusive listing broker for the two Projects.
March 2005 - HPH enters agreement to purchase 722-726 North Second Street.
HPH entered into an agreement to purchase 722-726 North second Street buildings. The two buildings will be renovated into seven apartments and one commercial space along Second Street.
February 2005 - HPH reaches 100% sell through in the Textile Flats Apartment building.
HPH completes the sale of all 23 condominiums in this Historic building located at the corner of Chestnut street and Strawberry street in the heart of Old city.
The company will retain its 7100 SF commercial space.
February 2005 - HPH enters into an agreement to sell the 934-950 North Third street project.
HPH entered into a definitive agreement to sell to a local builder its city approved development. The company obtained zoning approval to build a four story building with 28 condominiums and a parking garage to include 28 parking spaces.Closing is expected during the summer of 2005.
January 2005 - HPH completes construction of the 20 unit building on the corner of Second and Poplar streets.
HPH completes this new project that is located between Second street and Hancock street along Poplar. The nineteen condominiums and one commercial space are of mid Luxury type and include a parking garage for 20 cars. 55% of the units were pre sold.
December 2004 - HPH completes sale of Orianna Project.
HPH completes the sale of the approved multi-mix project at the 800 block of North Third street. The project received city zoning approval for a four story apartment building along Third street and five town homes along Orianna street with a common court yard in the middle.
February 2004 -
HPH Announce Record Sales and Pre-Sales for First Five Weeks of 2004.
HPH entered into 7 agreements of sale during the first few weeks of 2004 in its various properties, a record since the founding of the company in April of 2000. Expectations are to sell between 40-50 condo and commercial units during the course of 2004 which would represent a significant record and pave the way to establishing the company as a strong mid luxury development company in the city. Overall revenues could reach $15,000,000 during 2004.
February 2004 -
HPH closed on a $4,900,000 construction loan with first penn bank for its Second and Poplar Street project. Project is under construction with completion expected by September of 2004.
January 2004 -
HPH Successfully Closed on the Purchase of Two Projects at Northern Liberties.
HPH closed on 712-716 N Second Street which is approved for a four story building with 8 Condo units and 2600SF of retail space At the street level. Ground breaking is expected by March 2004 with Republic First bank providing Construction funding.
HPH closed on 834-950 N Third which is approved for a four story building with 28 condo units. Ground breaking is expected in Fall of 2004.
November 2003 -
HPH Announce New Acquisition in Northern Liberties.
HPH has entered an agreement of sale to purchase 934-956 North Third street in Northern Liberties.The large site will be developed in about one year into a multi story building with Approx. 30 condominium units.
October 2003 -
HPH Announce New Acquisition in Northern Liberties.
HPH has entered an agreement of sale to purchase 712-716 North Second street in the heart of Northern Liberties.
This project is approved by the city for a four story building that will have 8 condominiums and 1 commercial retail front
along Second street.Construction is expected to begin in the spring of 2004.
October 2003 -
HPH Announce That It Has Sold Out/Leased 95% of Quarry Street Project.
HPH sold 14 of the 15 residential units, one of the retail units and has entered into a lease for the remaining retail space.
September 2003 -
HPH Announce That It Has Sold Out 100% of 1111-1113 Walnut Project.
HPH sold all 7 units and 2 commercial store fronts after 15 months of renovations to this historic property.
July 2003 -
HPH to break ground on its Second and Poplar project in August of 2003.
HPH will break ground on this 45,000 SF project that will include 19 luxury residential units and 1 commercial store.
The sullivan Company was awarded the building contract. This project includes 11 Bi-Level duplex units with terraces, ground level parking
and optional roof decks. Construction is expected to last approximately one year.
April 2003 -
HPH to convert its Chestnut Strawberry project to condominiums.
HPH will convert this project which was completed 15 months ago to condominiums effective June of 2003.
The project includes 23 residential units and one commercial unit which will be kept by the partnership.
Coldwell Banker was appointed exclusive listing broker to market the units.Prices will range from $199,000 to $300,000.
February 2003 -
HPH to convert its Second and Quarry project to condominiums.
HPH will convert this completed project of 15 residential units and 2 commercial units to condominiums effective immediately.
Coldwell Banker was appointed exclusive listing broker to market the units which are expected to sell for an average price of
Approx. $250.00 per square foot.
January 2003 -
HPH enters agreement to sell it's Spring Garden Site in Northern Liberties.
Closing is expected in late August.
December 2002 -
Historic Property Holdings Purchases the 15,000 SF Premier Building and Lot Situated at the 800 block of Orianna street and continuing to Third Street.
HPH entered into an agreement to purchase the Premier Building with 90 feet of frontage along Orianna street and continuing To Third street with 60 feet of frontage on Third street. The site is planned to have townhouses along Orianna and an apartment complex along Third street with a common courtyard in the center.
This is the third major project that HPH is undertaking in this part of the city showing its commitment to this up and coming area. Ground breaking is expected in late summer/early fall of 2003.
November 2002 -
Historic Property holdings Announces final zoning approvals for its Northern Liberties development and intends to break ground in March 2003.
HPH obtained final approval from the city's zoning board to develop a six story building that will include 26 condominium apartments and one retail store along Second and Poplar Streets. The development will include 20 two bedroom units and 6 one bedroom units as well as a 2,850SF commercial store, 26 in door parking spaces.
8 of the 26 units will be BI Level Penthouse apartments ranging in size from 1650SF to 2000SF.
September 2002 -
HPH has entered into a lease for the entire commercial space at it's 217-219 Chestnut Street location.
The space of 6300 SF plus additional 1500 SF of basement will be occupied by a new mediterranean fish and seafood restaurant and fresh fish market. The Executive Cheff Mustapha Rouissya will lead the new establishment with Members of HPH joining in as partners. Mustapha, a graduate of the university of Pennsylvania law school has been Executive Cheff in a number of key Restaurants in Boston and Philadelphia including Roccoco, Twenty Manning, The striped Bass and Figs. Mediterranean SeaPort is expected to open in late fall. " we are nearing 100% occupancy for this property as well as entering an exciting business venture" added Shenkman and Casnoff.
August 2002 - HPH ENTERS AGREEMENT TO PURCHASE 818 CHESTNUT STREET, A GRAND HISTORIC BUILDING SCHEDULED FOR COMPLETE HISTORIC RESTORATION IN LATE FALL OF 2002
HPH entered into an agreement to purchase 818 Chestnut street with closing expected in late fall of 2002. HPH intends to obtain approvals for a complete historic development and restoration of this historic property and convert it into 13 luxury condominium units. the company intends to restore two separate towers, each of approximately 7500 SF along Chestnut and Sansom streets. The property is situated on the southern side of Chestnut street and continues all the way to Sansom street (approximately 235 FT).
The area is being redeveloped with the recent restorations of many buildings as well as the influx of updated restaurant concepts combined with major development in independence mall and Washington Square west." This project complements our desire and commitment to engage in historic redevelopment as an integral part of our focus" added Shenkman and Casnoff.
August 2002 - HISTORIC PROPERTY HOLDINGS RECEIVES APPROVAL
Historic Property Holdings receives approval from the Northern Liberties zoning board for a 66,000 SF six story building that will have 31 apartment units, 5,000 SF of commercial store space and enclosed first level parking facility.
Ground breaking is expected in early spring of 2003 for completion in late 2003/early 2004. The mid-luxury project will have 13 one bedroom units with an average size of 915 SF and 18 two bedroom
units including 9 bi-level units with an average size of 1300 SF. "We are excited about the warm reception by the neighbourhood" addedCo-General partners Zeev Shenkman and Jeffrey Casnoff.
June 2002 - HISTORIC PROPERTY HOLDINGS ENTERS AN AGREEMENT TO PURCHASE IT'S SECOND SIGNIFICANT PROPERTY IN NORTHERN LIBERTIES
The property is located at the North West corner of Spring Garden and Front Streets and continue s for over 200 feet along Spring Garden to I-95.
The property comprises of over 10 connected or adjacent buildings and lots and has an approximate foot print of 28,000 Square Feet or .65 of an acre. This property is in the heart of two developing areas, Northern Liberties and the Delaware water front to the East. Ground breaking for a mixed use development is expected by mid 2003.
"This purchase is part of a continuing effort and a commitment to participate in the development of Northern Liberties" added C0-General partners Zeev Shenkman & Jeff Casnoff.
May 2002 - HISTORIC PROPERTY HOLDINGS ENTERS AN AGREEMENT TO PURCHASE A SIGNIFICANT PROPERTY IN NORTHERN LIBERTIES SCHEDULED FOR A MIXED USE DEVELOPMENT IN 2003
HPH enters an agreement to purchase property in a joint venture with an affiliated company, ZSC Associates, the real Estate arm of Staffing Plus, a leading health care staffing company in the Mid Atlantic region.
This property is located at the heart of Northern Liberties, an up and coming developing area along Philadelphia's East side near the Delaware water front.
The property comprises of approx. 10 connected or adjacent buildings situated at the south east corner of second street and Poplar street continuing along Poplar street to Hancock street.
The property has exposure to three sides and two corner streets and has a footprint of 13,500 SF or .30 of an acre. HPH is planning a mixed-use development that will include storefronts along Second street, ground level parking and a residential tower with approx. 30 condominiums units.
Ground Breaking is expected in the spring of 2003 for completion in early 2004. This development marks the entry of HPH into this fast developing region and "an intense effort to purchase as many strategic properties as quickly as possible in this area which demonstrates our commitment to this neighborhood just North of Old City "added Co-General partners Zeev Shenkman & Jeff Casnoff.
December 2001 -
HISTORIC PROPERTY HOLDINGS ENTERS AGREEMENT TO PURCHASE 1111-1113 WALNUT STREET Zeev Shenkman, general partner confirms the purchase of approx. 14,000 SF of property and the plan to convert buildings into 8 high end condo units plus 6,000SF of prime commercial/retail space. Construction will commence within 90 days with completion expected in fall of 2002.
November 2001 - CHESTNUT/ STRAWBERRY TO HOLD FIRST OPEN HOUSE ON THREE DAY THANKSGIVING HOLIDAY HPH will hold an intense three day open house event for potential tenants at the building which remain under construction. the event will be marketed through three local newspapers, banners and notices to local civic groups. A staff of 4-6 people will greet prospective tenants and provide a personalized tour. "We hope to sign up many prospects for occupancy beginning 1/15/02 " added Jeffrey Casnoff who will be leading this effort in full cooperation with Lindy Management.
October 2001
- CHESTNUT/STRAWBERRY PROJECT AHEAD OF SCHEDULE Historic Property Holdings is pleased with construction progress and expects to complete construction by January 2002, about 90 days ahead of original schedule. First residential occupancy is expected in January 2002.
September 2001
- FIRST PENN BANK TAKES LEAD ROLE IN FUNDING FIRST TWO PROJECTS First Penn takes a lead and managing role in funding approximately $5.5 MM in financing of first two projects. Pennsylvania Business Bank and Royal Bank take participating roles.
August 2001
- JEFFREY CASNOFF CONVERTS 229 CHESTNUT STREET TO CONDOMINIUMS Jeffrey Casnoff, general partner of 229 Chestnut St. in Philadelphia Old City converted his property to condominiums and sold two of the three available units within 30 days for approximately $200 per square foot. Partnership will retain a ground level leased retail space. Jeffrey Casnoff is a CO-general partner in Historic Property Holdings.
July 2001
- ZSC ASSOCIATES BUYS 30,000 SF OFFICE BUILDING IN HAVERFORD Zeev Shenkman, managing partner acknowledged the purchase of the Amerada Hess building located at 551 W. Lancaster Ave. in Haverford, PA. The building will undergo complete renovations and will house Staffing Plus, Inc., a leading staffing company to the healthcare industry, Hudson United Bank, Comcast and other tenants. Zeev Shenkman is CO-general partner in Historic Property Holdings.
|