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City Ave District looks to the future

  |   City Ave District in the News, Latest News, Real Estate   |   No comment

Philadelphia >> Officials from the City Avenue District took the opportunity to talk about some of the newer projects coming to the area in the second annual CityAve Future Cast that was recently held at the newly renovated Courtyard Marriott hotel on the Philadelphia side of City Avenue.




 

 

 

“So we’re really excited to tell you that the District is moving forward with phase one of the City Avenue project which includes replacement of the current signal system with traffic adaptive signals – the latest in signal technology,” said Bernie Prazenica, board chairman for the City Avenue District and president and general manager of 6ABC which is on the Philadelphia side of City Avenue at Monument Road.

 

Terrence Foley, president, and CEO of the City Avenue District said growth and opportunity are continuing in the district.

 

“… The City Avenue District is thriving,” Since our first Future cast a year ago we’ve seen nothing but progress. The Greater Philadelphia Area has seen its share of growth and development over the past few years and we are working hard to bring that growth and opportunity [to the area].”

 

Foley went on to mention the redevelopment of Presidential City located on the Philadelphia side of City Avenue near the Schuylkill Expressway entrance. The project is being led by Michael and Matthew Pestronk, co-founders of Post Brothers Apartments. The two brothers were also the keynote speakers for the event with Matt O’Donnell of 6ABC Action News as moderator.

 

 

Foley went on to mention projects on the Lower Merion side including a plan to construct an apartment building at 335 Righters Ferry Road, a plan to build another apartment building at 150 Monument Road  and a more recent proposal that includes the construction of an 87-unit apartment building in the parking lot at the Bala Cynwyd Shopping Center and another apartment building at 10 Union Avenue.

 

 

“We are also looking forward to some exciting new development on Bala Avenue this year coming up,” Foley said.


During the keynote remarks, O’Donnell asked the Pestronk brothers various questions about the district including what they see as the future of City Avenue.

 

 

“Judging by our project and this project I would say all great,” Michael Pestronk said, referring to the newly renovated Courtyard Marriott where the Future Cast event was taking place.

 

Full story from Main Line Media News.

 

 

 

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