Rendering of The Locks, in the Manayunk section of Philadelphia, PA Rendering of The Locks, in the Manayunk section of Philadelphia, PA

PHILADELPHIA, PA—The Resmark Companies is leading a joint venture development investment with The Concordia Group and D3 Real Estate Development to create a waterfront townhome community in the Manayunk neighborhood of Philadelphia.

Construction is currently underway at The Locks, a collection of 63 waterfront residences, each with views of the Manayunk Canal, the Schuylkill River or both.

Resmark is excited to continue our partnership with Concordia and D3 on another dynamic project in the city,” says Alexandra Johns, senior vice president, investments, Resmark Land and Housing. “Like Southwark on Reed, our first investment together, The Locks interacts with the local architecture and land plan to create an exceptional sense of place, and an exciting homeownership opportunity.”

Rendering of The Locks, in the Manayunk section of Philadelphia, PA Rendering of The Locks, in the Manayunk section of Philadelphia, PA

Located between the canal and river, The Locks' 63 waterfront residences will have open floor plans, incomparable views and generous rooftop terraces. The homes will range in size from 2,100 square feet to 3,500 square feet and are sited in a landscaped setting with a new riverfront trail along the Schuylkill River. The community's industrial architectural design by the Philadelphia firm of Varenhorst Architects pays tribute to Manayunk's rich heritage.

“We're pleased to partner with D3 and Resmark to create a project that adds to the vibrant atmosphere of Main Street and Downtown Manayunk,” says Will Collins, managing principal of The Concordia Group.

“Our team is executing a compelling vision that combines exciting contemporary home designs with well-planned common spaces that enhance the authenticity and charm of one of Philadelphia's most unique neighborhoods,” says Greg Hill, managing partner of D3.

The Locks residents will enjoy the small town feel of Manayunk while living only six miles from Center City. Named a National Historic District in 1983, Manayunk's classic Main Street offers gourmet restaurants, boutique upscale shops, and seasonal street fairs, creating a walkable environment within steps of The Locks. The Locks provides an authentic urban experience that encourages walking and biking and is near the new Performing Arts and Recreation Center. It is a short walk to the SEPTA station with direct service to downtown Philadelphia or is easily accessible to I-76.

This is the second Philadelphia community developed by Resmark, D3 and Concordia. The trio came together in 2015 to develop Southwark on Reed, a community of 91 single family attached townhomes at 400 Reed Street, formerly the site of the Mt. Sinai Hospital, which was the fastest-selling luxury townhouse project in Philadelphia.

The Locks continues Resmark's investment in infill residential developments in walkable neighborhoods that benefit from thriving employment centers, abundant public transportation and desirable retail, service and recreational offerings.

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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].