1352 Lofts Condos Sell...Amid Market Downturn...
1352 Lofts
1352 South Street, Philadelphia, PA
RIMAS Properties, 11 - 15 No. 2nd Street, Philadelphia, PA
Contact: Sammy Benakmoume (215)351-9366
http://www.1352lofts.com/ or sammy@rimasproperties.com
Amid Warnings Of A Market Downturn...
PHILADELPHIA, PA -- While headlines are ominous about the real estate market decline, the dramatically designed 1352 Lofts, South Street just east of Broad, are selling briskly in the $500,000 - $1 million range without discounts or special incentives.
"It's a matter of quality and standards," says 1352 Lofts developer Sammy Benakmoume, President of RIMAS Properties, which is also doing several large-scale industrial, commercial and residential ventures in Philadelphia.
"We start from the basic principle that we are asking our clients to make the most important investment of a lifetime, and they deserve nothing but the very best in design, construction, materials, amenities and service."
With this relentless pursuit of excellence RIMAS Properties has helped prime a development surge which savvy buyers seem to sense. "Once people began to see the bold brick and glass facade and interesting profile emerging, they started seeing 1352 Lofts in the context of this ideally situated neighborhood within steps of center city," says Benakmoume explaining the sudden surge.
While confirming that some earlier contracts at 1352 Lofts did not come to settlement, Benakmoume is quick to point out that they were all replaced by other buyers with no adverse financial results for RIMAS Properties and the project.
The new 1352 Lofts located on South Street just east of Broad, is a prime example. This gleaming modern 158,000 sq. ft., six-story building situated next to the Arts Bank offers Class A ground floor retail space and 72 dramatically designed condominiums with unparalleled cityscape views.
The neighborhood has seen a marked resurgence in recent years with the opening of new restaurants and retailers, the energy of the nearby Kimmel Center and developments like the 1352 Lofts.
According to Sammy Benakmoume of RIMAS Properties the challenge of real estate today is making a contribution by creating and rebuilding communities. "Old City, Rittenhouse, Society Hill already have a good supply of quality real estate," says Benakmoume, who has successfully developed residential properties throughout Philadelphia and South Jersey.
"The South Broad Street area offers exceptional quality of life advantages, including easy access to center city, cultural attractions, public transportation, and convenient shopping areas. This is a neighborhood that really needed the infusion of new businesses and high quality residential properties. And now it is beginning prosper."
The 1352 Lofts were designed by the noted Philadelphia architectural firm Granary Associates, and take full advantage of the buildings north facing view of the center city skyline with soaring floor to ceiling glass window-walls.
The units are flats and bi-levels ranging in size from 800 - 2,900 sq. ft. All 1352 Lofts units feature the top quality amenities including high-ceilings, hardwoods floors, terraces, luxury baths and European-style gourmet kitchens.
Most importantly says Benakmoume, "All of the 1352 Lofts are flexible and versatile for young people with growing families as well as suburban empty-nesters making a lifestyle move. Everything that you need is there and the units are ready for owners to express their personal tastes and needs."
The 1352 Lofts also offers comprehensive concierge service, 24-hour security and indoor parking. Floor plans and pre-construction pricing information are available by calling Kathy & Patrick Conway @ Prudential Fox & Roach Society Hill 215-440-8190.
The 1352 Lofts retail space and condominiums will be ready for occupancy by September 2006. These properties qualify for the city 10 year tax abatement and condos fees will be reasonable. With prices ranging from under $400,000 to $1.4 million the 1352 Lofts offer strong value, premium amenities and exceptional location advantages.
The $30 million 1352 Lofts development project is financed by Amalgamated Bank of New York, trustees of the Longview Ultra Construction Pension Fund.
1352 South Street, Philadelphia, PA
RIMAS Properties, 11 - 15 No. 2nd Street, Philadelphia, PA
Contact: Sammy Benakmoume (215)351-9366
http://www.1352lofts.com/ or sammy@rimasproperties.com
Amid Warnings Of A Market Downturn...
1352 Lofts Closes Seven
$500K
Plus Sales in Q1 of 2007!
Exciting New 1352 Lofts Bring Value and Energy
To Vibrant South Broad Street District
Exciting New 1352 Lofts Bring Value and Energy
To Vibrant South Broad Street District
PHILADELPHIA, PA -- While headlines are ominous about the real estate market decline, the dramatically designed 1352 Lofts, South Street just east of Broad, are selling briskly in the $500,000 - $1 million range without discounts or special incentives.
"It's a matter of quality and standards," says 1352 Lofts developer Sammy Benakmoume, President of RIMAS Properties, which is also doing several large-scale industrial, commercial and residential ventures in Philadelphia.
"We start from the basic principle that we are asking our clients to make the most important investment of a lifetime, and they deserve nothing but the very best in design, construction, materials, amenities and service."
With this relentless pursuit of excellence RIMAS Properties has helped prime a development surge which savvy buyers seem to sense. "Once people began to see the bold brick and glass facade and interesting profile emerging, they started seeing 1352 Lofts in the context of this ideally situated neighborhood within steps of center city," says Benakmoume explaining the sudden surge.
While confirming that some earlier contracts at 1352 Lofts did not come to settlement, Benakmoume is quick to point out that they were all replaced by other buyers with no adverse financial results for RIMAS Properties and the project.
The new 1352 Lofts located on South Street just east of Broad, is a prime example. This gleaming modern 158,000 sq. ft., six-story building situated next to the Arts Bank offers Class A ground floor retail space and 72 dramatically designed condominiums with unparalleled cityscape views.
The neighborhood has seen a marked resurgence in recent years with the opening of new restaurants and retailers, the energy of the nearby Kimmel Center and developments like the 1352 Lofts.
According to Sammy Benakmoume of RIMAS Properties the challenge of real estate today is making a contribution by creating and rebuilding communities. "Old City, Rittenhouse, Society Hill already have a good supply of quality real estate," says Benakmoume, who has successfully developed residential properties throughout Philadelphia and South Jersey.
"The South Broad Street area offers exceptional quality of life advantages, including easy access to center city, cultural attractions, public transportation, and convenient shopping areas. This is a neighborhood that really needed the infusion of new businesses and high quality residential properties. And now it is beginning prosper."
The 1352 Lofts were designed by the noted Philadelphia architectural firm Granary Associates, and take full advantage of the buildings north facing view of the center city skyline with soaring floor to ceiling glass window-walls.
The units are flats and bi-levels ranging in size from 800 - 2,900 sq. ft. All 1352 Lofts units feature the top quality amenities including high-ceilings, hardwoods floors, terraces, luxury baths and European-style gourmet kitchens.
Most importantly says Benakmoume, "All of the 1352 Lofts are flexible and versatile for young people with growing families as well as suburban empty-nesters making a lifestyle move. Everything that you need is there and the units are ready for owners to express their personal tastes and needs."
The 1352 Lofts also offers comprehensive concierge service, 24-hour security and indoor parking. Floor plans and pre-construction pricing information are available by calling Kathy & Patrick Conway @ Prudential Fox & Roach Society Hill 215-440-8190.
The 1352 Lofts retail space and condominiums will be ready for occupancy by September 2006. These properties qualify for the city 10 year tax abatement and condos fees will be reasonable. With prices ranging from under $400,000 to $1.4 million the 1352 Lofts offer strong value, premium amenities and exceptional location advantages.
The $30 million 1352 Lofts development project is financed by Amalgamated Bank of New York, trustees of the Longview Ultra Construction Pension Fund.
posted by Rimas Properties at
8:15 AM
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