Urban Strategy Fund : A new Boston Real Estate Fund
 
Property Type: 
248-unit apartment complex
Investment Strategy:
Development

 

 

Wyomissing 2011.jpg

 

Wyomissing Square
Wyomissing, PA


The investment involves building a new, four-story, 248-unit apartment complex which is the residential component of a larger urban redevelopment project. The Wyomissing Square redevelopment also includes 31,000 SF of retail, 60,000 SF of office, a 135-room Marriott Courtyard hotel. Our joint venture partner is the Bozzuto Group, a premier multi-family development organization who is master developer and contractor for the overall project.

 

The project has limited competition as all existing apartment stock is over 5 years old. Wyomissing is a small, well-maintained town at the crossroads of Interstates 422 and 222 in Eastern Pennsylvania. It is approximately 60 miles northwest of Philadelphia and immediately adjacent to Reading, PA. The 13-acre infill site is the western terminus of the Penn Avenue corridor, which is the “Main Street” connecting Wyomissing and Reading, and is less than a mile from Reading Hospital and Medical Center.

 

 

  Current Investments
 

545 Long Wharf

 

777 Brook Street

 

East Hartford Portfolio

 

Gates of West Bay

 

Harris Corners I - III

 

Lofts 881

 

Maitland Green I & II

 

Olmsted Green

 

One Greenway (Parcel 24)

 

The Schoolhouse

 

Seaside at 38 Hope Street

 

The Shops at Quonset

 

Southpoint Executive Center

 

Waterbury Senior Housing

 

Winooski Falls

 

Wyomissing

 

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