Iron Stone Real Estate Partners
The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (January 2012) |
Industry | real estate |
---|---|
Headquarters | Philadelphia, Pennsylvania, U.S. |
Key people | Andrew Eisenstein Jason Friedland Matthew Canno |
Iron Stone Real Estate Partners, sometimes referred to simply as Iron Stone, is a
Urban sustainability
Iron Stone focuses on urban sustainability. Iron Stone focuses on the "adaptive reuse" of older buildings in densely populated, older city neighborhoods.[1] By doing this, Iron Stone skips the wasteful demolition and reconstruction process. Furthermore, Iron Stone's focus on real estate reuse does not contribute to the spread of urban sprawl.
Notable projects
Falls Center
Iron Stone is responsible for the redevelopment of the
Falls Center was originally constructed in the 1920s by Ritter & Shay, a prominent architecture firm in Philadelphia during the 1920s, and Iron Stone worked hard to preserve as much of the architectural elements as possible throughout the redevelopment process. The site has been successfully adapted for mixed-use student housing, commercial space and medical offices and has led to the creation of over 2,000 permanent full-time jobs.[2] The Falls Center is home to over 18 businesses and is one of the largest centers of commerce in East Falls.[3]
1425 Arch St
Iron Stone was responsible for the redevelopment of the long vacant Elkins Memorial YMCA, located at 1425 Arch Street in Center City Philadelphia. This historic building was constructed in 1911 by the Gilded Age architect Horace Trumbauer. Using the existing floor plate as a guide, Iron Stone repositioned the former YMCA to house commercial office spaces, municipal operations, and a hotel with one of the only indoor pools in Center City. [4]
Cooper Village
Iron Stone was selected by Cooper Hospital, Rowan University, and the City of Camden to buy the vacant land adjacent to the Cooper Medical School, and develop it as apartments for the medical students of Cooper Hospital. The mixed-use project, located along the 400 block of South Broadway, salvages blighted buildings and intersperses ground-up five story buildings. This development utilizes historic tax credits, NJ Economic Redevelopment and Growth tax credits (ERG), CDBG funds, and HMFA "A Better Camden" funds.
Special Victims Unit
The City of Philadelphia chose Iron Stone to design and develop a state of the art co-location facility for the Philadelphia Police Department's Special Victims Unit (SVU), the Department of Human Services (DHS) Sexual Abuse Investigations Unit, the Philadelphia Children's Alliance, and offices for the staff of the District Attorney. Located in Hunting Park, Philadelphia, Iron Stone used the existing envelope of a former truck terminal as the base of the development and subsequently added 10,000 square feet of new construction to complete the Warehouse Conversion to Office Space.[citation needed]
External links
References
- ^ Kostelni, Natalie. "Iron Stone fund seeking $75 million". Philadelphia Business Journal. Retrieved 13 January 2012.
- ^ Mastrull, Diane. "Falls Center is still evolving The historic location of the Woman's Medical College of Pennsylvania is now becoming a medical and educational complex. Despite a bad commercial real estate market, the center continues to attract new tenants". Philly.com. Retrieved 13 January 2012.
- ^ "Falls Center Tenants". Falls Center.
- ^ "Young Men's Christian Association, Philadelphia". Free Library of Philadelphia. Retrieved 13 January 2012.