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Divine Lorraine

Philadelphia

Photos: Market Makers: Philadelphia Real Estate Future

Photos: Market Makers: Philadelphia Real Estate Future

Market

On February 28, 2018, The Condo Shops / TCS Management, Hard Money Bankers and PA Off Market kicked off the first of their Market Makers series with “Market Makers: Philadelphia Real Estate Future”.  Moderated by Gaurav Gambhir of The Condo Shops / TCS Management, George Beatty of PA Off Market and Ian Walsh of Hard Money Bankers,

the prominent panel included Councilman Allan Domb, Gary Jonas., President of HOW Properties; Mike McCann of The McCann Team and Richard Oller, Chairman of GoldOller.

Panelists shared their personal stories and anecdotes as well as statistics, trends and predictions for the real estate market with over 100 key real estate leaders who gathered at The Divine Lorraine Hotel for cocktails and conversation with Philadelphia’s industry leaders. The event featured an insightful panel discussion about the evolution and future of the real estate market. The interest rate, and the excitement happening in Philly is very attractive to buyers.

The goal of the Market Makers series is to provide a rare opportunity for clients and business associates of The Condo Shops / TCS Management, Hard Money Bankers and PA Off Market to hear from and interact with a diverse panel of industry leaders, coming together with the common goal of planning and developing for the growth and continued sustainability of the Philadelphia region.

Allan Domb told the crowd “It’s Better to have 300 new business come to Philadelphia than one Amazon Headquarters.” The City needs to make Philly more attractive to businesses. Another hurtle to overcome is getting more people on board to pay property taxes – “only 41 % of the property owners are paying taxes, 59% are exempt as they are institutions like schools – Univ of Penn, Drexel, Hospitals, Churches and people in poverty. We need to figure out how to tax institutions land, and move people out of poverty, which is desired by everyone, a better quality of living.

After the panel discussion there was a reception


B Smith Catering prepared delicious lite bites

George Beatty, PA Off Market, Grace Krotkov and Tim Stover

Brandon Morrison, PRDC Properties, Stacey Kracher and Gaurav Gambhir of The Condo Shops / TCS Management

Josephy Puggi, TCS Property Management Services, Angela Calvanese, TCS Management Team and Jeremy Bowers, Coldwell Banker

Kenneth L. Baritz Esq. and Vicki Baritz

Josh Weidman, Director of Turnkey Investments, Mike Ferrise and Elyse Choi

Khatim McLean and Charisma Harper

Dan Zitofsky, Zitofsky Capital Management , Dawn Zitofsky and David Ralic, RE/MAX

Jeremy Bowers, TCS Management and Noah Ostroff, PhillyLiving.com


I also have a bit of time and checked out a sample at the newly renovated Divine Lorraine

Philadelphia

The DIVINE LORRAINE Is Pre-leasing Already

It’s hard to believe that it’s been nearly a 8 months since the groundbreaking of the long anticipated revival of the grande dame of North Broad Street, The Divine Lorraine Hotel (699 N. Broad St.) back in September, to today when it was announced that the Divine Lorraine apartments would begin pre-leasing the apartments.

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The listing on Craigslist states: Large, open floor plans allow you to maximize your living area while living just steps away from world-class dining and retail. Apartment finishes combine sleek industrial touches, while maintaining the vintage charm of the Divine Lorraine. The modern kitchens feature top of the line appliances and beautiful light granite counter tops.

1 Bedrooms Starting @ $1325
2 Bedrooms Starting @ $2540 **SECOND MONTH IS FREE ON ALL 2 BEDROOMS!

A coffee shop and bi-level restaurant will fill the commercial space.

Each apartment will be equipt with a full kitchen, washer and dryer, and range in a number of bedrooms. The building will even have a 24-hour doorman to ensure the safety of the residences.

The ballroom is so large they are making it into two separate floors holding apartments on each floor. The Annex in the back of the building will be renovated into something, but it is still a surprise.

Purrrfect: Cats are allowed.

Unit Amenities:
-Stainless Steel GE Appliances including Dishwasher and Microwave
-LG Washer and Dryer in ALL units
-Granite Counter Tops
-Modern Plank Flooring
-Vintage, industrial light fixtures
-Plenty of Closet Space
-Subway tiled showers
-Ceramic tiled bathroom floors
-Premium shaker birch wood cabinets
-Commercial/Fusion style kitchen faucets
-Contemporary bathroom fixtures
4-29-2016 5-28-42 PMAn interesting footnote to add is that residents at the Divine Lorraine are allowed to use the amenities at Lofts 640, only block away – featuring a rooftop pool, gym and sundeck.

See the complete listing HERE

Check out a great photo essay of The Divine Lorraine before the renovation got underway, by Streets Department –