Brind.

MM Partners begins office-to-apartment conversion in Philadelphia's Logan Square

1 report, 1 independent Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

MM Partners acquired the eight-story former Jewish Community Services Building at 2100 Arch St in March 2023 for $12 million. The company is converting the office building in Logan Square into residential units and commercial space. Construction began in July, with completion anticipated in late 2027 or early 2028.

From inquirer.com

Why it matters

Some supportBrind's analysis of the reports

The project was delayed because lenders were concerned about the volume of new apartment construction in the market. David Waxman stated that the completion of the project will deliver units into a market segment with limited new supply in that part of the city.

From inquirer.com

Who's involved

  • David WaxmanFounder of MM Partners, the firm that acquired the building for the conversion.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • PhiladelphiaSpeculative

    The city of Philadelphia could see an addition of residential and commercial supply to its market.

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The entities involved

Coverage

Newest first; wire copies grouped