Post Brothers finishes $100M renovation at Presidential City on City Ave
Post Brothers finishes $100M renovation at Presidential City
It’s the largest residential redevelopment project in the city
It took three years and $100 million, but renovations at Presidential City on the very edge of Philly and Bala Cynwyd are complete.
Developer Post Brothers has announced that it has finished its overhaul of the Adams, the fourth and final apartment tower at Presidential City at 3900 City Avenue. With 1,000 apartments total, it marks the completion of what’s the developer says is the largest redevelopment residential project in the city, which Post Brothers began in 2014.
All four of the towers are named after U.S. presidents. The original intention of Presidential City’s developer John McShain in 1950 was to build 48 towers that would be named after all of the presidents. He only managed to build the Washington, Madison, Adams, and Jefferson before selling the rest of the land.
Post Brothers bought the property on the edge of Philly near Bala Cynwyd in 2012 for $80 million, and began renovations in 2014. At the time, the rentals had suffered from years of neglect and were pretty dated. Now, the studio, one-, two-, and three-bedroom apartments feature finishes like sustainable hardwood floors, soaking tubs, and porcelain tile.
The units range from $1,000 to $4,500.
The heart of the massive apartment complex is the amenity-laden Sora Pool Club. This has been open for more than a year and features three salt-water pools, bocce courts, a gym, and multiple terraces.
Although Presidential City is the Post Brothers’ largest redevelopment project to date, the developer has a number of other projects currently underway throughout the city. The redevelopment of the historic Hamilton and six other residential properties is ongoing in University City, and construction continues at the 21-story Atlantic tower on South Broad Street.
Read the full article here