Midwood Investment & Development is an experienced real estate development company based in New York City. In recent years, Midwood has been actively involved in various mixed-use and residential real estate projects across major cities in the United States. Their projects often feature a mix of residential units and retail spaces to create vibrant urban communities. With a focus on pedestrian-friendly and transit-oriented development, Midwood aims to build sustainable and liveable neighbourhoods that connect people. This article will provide an overview of some of Midwood’s major real estate development projects in cities like Philadelphia, highlighting their investment scale, number of residential units, project features and more.
Large-Scale Mixed-Use Project in Downtown Philadelphia
One major project by Midwood Investment & Development is the proposed redevelopment of a large site at 204 South 12th Street in downtown Philadelphia. The plans for this project include a mixed-use tower with 448 residential units, commercial space, 68 underground parking spaces and 232 bike parking spots. With its prime location right near Washington Square Park, this project is expected to cost over $250 million dollars. It aims to activate a currently underutilized area with street-level retail and much needed housing. The scale and central location make it an important project for Philadelphia’s downtown revival.
Residential-Focused Development in Fast-Growing Neighbourhood
In addition to large mixed-use sites, Midwood is also developing more residential-focused buildings to meet housing demand. One example is their project at 9th and Washington in Philadelphia, on a site currently occupied by a seafood company. Plans call for a 5-story building with 105 apartments and 18,000 square feet of ground floor retail space. There will also be 150 parking spaces on site. With a total investment of around $70 million, this project will provide housing and amenities to the thriving Bella Vista neighbourhood. The number of units and inclusion of parking aim to make it an attractive option for a range of residents.
Ongoing Collaboration with The Goldenberg Group
Midwood Investment & Development often partners with other real estate firms on major developments. One frequent collaborator is The Goldenberg Group, another firm focused on urban infill projects. Together, they are working on over 1,000 apartment units across various sites in Philadelphia. This includes projects like The Lafayette and The Laurel, both adaptive reuse developments turning old buildings into stylish loft apartments. Their partnership combines Midwood’s development expertise with Goldenberg’s local market knowledge, allowing them to take on more ambitious projects in Philadelphia.
Future Expansion to Other High-Growth Markets
While currently focused on major cities like Philadelphia and New York, Midwood Investment & Development has aspirations to grow into other US markets as well. With their track record of successful mixed-use and residential projects, Midwood is well-positioned to expand. Other high-growth cities like Austin, Denver, Seattle could be future targets. Overall, Midwood Investment & Development will remain an active force shaping the real estate landscape of America’s most dynamic urban areas.
In summary, Midwood Investment & Development is an experienced real estate developer with major mixed-use and residential projects going on across Philadelphia and other East Coast cities. Their investments aim to spur neighbourhood revitalization and provide housing supply with a focus on livability and sustainability. As Midwood continues to take on large-scale urban infill projects, often in collaboration with partners, they will cement their status as a top real estate developer in major U.S. growth markets.