Author Archives RRA

  • RRA SELLS 55 UNIT APARTMENT BUILDING IN UNIVERSITY CITY, PHILADELPHIA

    Sep, 06 18 Post by: RRA | Comments Off on RRA SELLS 55 UNIT APARTMENT BUILDING IN UNIVERSITY CITY, PHILADELPHIA

    Rittenhouse Realty Advisors is pleased to announce the sale of The Blenheim, a 55-unit apartment building located at 4311-15 Spruce Street in the desirable Spruce Hill section of the University City neighborhood of Philadelphia.  The property was presented as a value-add opportunity, with opportunities to upgrade common areas and rebrand to attra... Read More

  • RRA SELLS REDEVELOPMENT OPPORTUNITY IN WASHINGTON SQUARE WEST NEIGHBORHOOD OF PHILADELPHIA FOR $2,100,000

    Aug, 23 18 Post by: RRA | Comments Off on RRA SELLS REDEVELOPMENT OPPORTUNITY IN WASHINGTON SQUARE WEST NEIGHBORHOOD OF PHILADELPHIA FOR $2,100,000

    Philadelphia, PA–(8/23/18) – Rittenhouse Realty Advisors is pleased to announce the sale of 1307 Locust Street, located in the Washington Square West neighborhood of Center City, Philadelphia.  The property is a four-story historic building containing 7,500 square feet with CMX-5 zoning, along with potential historical tax credits, which m... Read More

  • RRA SELLS 26 NEW CONSTRUCTION APARTMENT UNITS IN CENTER CITY, PHILADELPHIA FOR $8,600,000

    Aug, 16 18 Post by: RRA | Comments Off on RRA SELLS 26 NEW CONSTRUCTION APARTMENT UNITS IN CENTER CITY, PHILADELPHIA FOR $8,600,000

    Philadelphia, PA–(8/16/18) – Rittenhouse Realty Advisors is pleased to announce the sale of The Bradford, a newly constructed apartment building developed by Alterra Property Group, located at 507-515 South 8th Street in Philadelphia.  The property, completed in July 2017, contains 26 apartments and 8 garage parking spaces. Ken Wellar, Man... Read More

  • RRA SELLS 30 UNITS IN ALLENTOWN, PA FOR A TOTAL OF $2,755,000

    Aug, 14 18 Post by: RRA | Comments Off on RRA SELLS 30 UNITS IN ALLENTOWN, PA FOR A TOTAL OF $2,755,000

    Philadelphia, PA– Rittenhouse Realty Advisors is pleased to announce the sale of the Julian Court Apartments, a 20-unit building located at 1521-1525 W. Union Street in Allentown, PA and a mixed-use property comprised of 8 apartments and 2 commercial units located at 142-144 N 7th Street in Allentown, PA. Luke DeLuca, a Senior Associate at RRA wh... Read More

  • RITTENHOUSE CAPITAL ADVISORS ARRANGES $8,300,000 CONSTRUCTION LOAN

    Jul, 26 18 Post by: RRA | Comments Off on RITTENHOUSE CAPITAL ADVISORS ARRANGES $8,300,000 CONSTRUCTION LOAN

    Rittenhouse Capital Advisors recently closed on an $8,300,000 construction loan for a long-time Philadelphia residential developer. Upon completion, the new Northern Liberties property will consist of 40 apartment units, a ground-floor commercial space, and 35 off-street parking spaces. Loan Proceeds Funded at 80% Loan to Cost 24-Month ... Read More

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