PHILADELPHIA, PA–Mack-Cali and its Roseland subsidiary have formed a joint venture with Parkway Corporation to develop a luxury multi-family community at 709 Chestnut Street in Philadelphia. The development, currently in the planning and permitting stages, is slated to commence construction by the end of 2015.
Located in the heart of Center City, preliminary plans for 709 Chestnut Street feature 32 stories consisting of approximately 300 luxury apartments and over 11,000 square feet of indoor and outdoor amenity space.
“As we continue to expand our footprint in the Philadelphia market, we're excited to have the opportunity to partner with Parkway—a leader in parking management and real estate development—for this exciting initiative at 709 Chestnut Street,” says Mitchell E. Hersh, president and chief executive officer of Mack-Cali. “This community will serve as a cornerstone of the burgeoning Market Street East neighborhood, which is quickly emerging as a dynamic cultural destination in a previously underutilized corridor.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
