Aimco's $100 million renovation of Park Towne Place, an
apartment complex that was constructed in 1959 along the Benjamin Franklin
Parkway in Philadelphia, is advancing with the Denver, Colo. company so far
completing one building.
It is moving on to another one and the work that it is
doing aims to compete with the new apartment projects that are popping up
throughout the city.
While everything is new on the inside, the faces remains
intact.
You'll see looking at the gallery of photos that the
interior has been totally redone, but the exterior remains as it was when
constructed nearly 60 years ago – and Aimco did that on purpose.
The real estate company wanted to identify more with its
location amid all of the museums along the parkway.
To that end, it has a permanent and rotating art
collection throughout the complex and Aimco also has established a relationship
with Moore College of Art. There's even an artist's studio.
The company has incorporated a bevy of other amenities
throughout Park Towne Place, including renovating a 20,000-square-foot
underground retail center that will have a small grocery, dry cleaners, hair
salon and other tenants.
Source: Philadelphia
Business Journal
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