Winther - a private developer from Houston, Texas - is building a $50 million, eight-building apartment complex on the grounds of a former mill in East Falls (see story). The community will be called Dobson Mills Apartments and will encompass 306,000 square feet; 7,000 square feet of street-level retail will be provided on Ridge Avenue. Winther focuses on developing luxury rental properties in high-density, urban “infill” locations. The company’s vice president – James Tollett III - believes the luxury rental market is underserved in Philadelphia and that people are seeking out new construction. The average apartment at Dobson Mills will be 1,000 square feet and monthly rents will average $1,800. "We're looking for people who like a Center City lifestyle and can put their feet on the grass every day and be five minutes from the business district," said Tollett. This new development will be proximate to downtown East Falls’ burgeoning restaurant and commercial district.
Monday, June 20, 2005
- A Smoke Filled Room
- Above Average Jane
- Akkam's Razor
- All for the Taking
- Boundless Philadelphia
- East Falls Development Corporation
- Greater Philadelphia Sustainable Business Network
- Kiko's House
- Mere Cat
- Our Green Cities
- Philadelphia Animal Welfare Society
- Philadelphia Bicycle News
- Philadelphia is My Home
- Philly Future
- Pound for Pound
- The Next American City
- The Tattered Coat
- Young Philly Politics
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