Mixed-Use Infill Stabilization and Disposition

Located in the Northern Liberties neighborhood of Philadelphia, PA, 500 apartments and 120ksf of commercial space spread over 10 buildings. After experiencing initial dip in residential occupancy due to management turnover and loss of non-institutional commercial tenants, Bellwether established a new leasing strategy that increased residential occupancy by 15% and collaborated with ownership on rebranding the property and negotiating a long-term lease for WeWork’s initial Philadelphia location, stabilizing commercial operations. Subsequently oversaw the disposition process and created a new structure to generate additional upside for our client upon sale.

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