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Historic Rental Development Old City Mercantile, Now 80% Leased

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OLD CITY MERCANTILE IS NOW 80% LEASED

Seven Apartments Currently Available For Rent in this Preservation Alliance for Greater Philadelphia Awarded Building

New York, NY – August 23, 2010 – (RealEstateRama) — BRP Companies today announced that The Old City Mercantile, a luxury rental development building located in The Old City historic district on North Front Street is 80% leased and only seven apartments remain available to rent.

The Old City Mercantile is the unparalleled restoration of the group of six historic Greek Revival Style buildings known as the Girard Estate. Located at 20-30 North Front Street, the buildings were originally constructed between 1828 and 1834 by the estate of Stephen Girard.

Awarded the 2010 Grand Jury Award from the Preservation Alliance for Greater Philadelphia, The Old City Mercantile won in the “adaptive use” category. For more information about the awards, please visit http://www.preservationalliance.com/events/luncheon/luncheon.php.

Rentals are available for immediate occupancy at this 5-story, 35 unit building. The remaining loft and two-bedroom homes range in size from 1,100 square feet to 2,000 square feet and in price from $2,050 – $2,995 per month. For more information, please contact:

Maxwell Realty Co., Inc.
1736 Pine Street
Suite 100
Philadelphia, PA 19103
215-546-6000

“We are thrilled with the leasing velocity at The Old City Mercantile,” said Geoff Flournoy, principal of BRP Companies. “With the recent grand opening celebration and recognition of the 2010 Grand Jury Award from the Preservation Alliance – it is clear people are excited about the development.”

BLT Architects served as Architect of Record leading the building’s complete restoration, maintaining its original façade and other historic touches while updating the entire infrastructure and transforming the property into a truly modern, luxury residential building.

Each unit at The Old City Mercantile features maple hardwood flooring, stone countertops and custom hardwood cabinetry, and is equipped with GE profile stainless steel appliances and Kohler bathtubs. Several units include private roof decks and balconies with spectacular views of the Delaware River, Benjamin Franklin Bridge and the Center City skyline. Residents will also enjoy an elegantly landscaped common courtyard.

The Old City Mercantile is located in the heart of Philadelphia’s Old City district, which was the center of Colonial Philadelphia and the original hub of political, commercial, social and religious life in the port city. It is within walking distance to historic attractions such as Independence Hall, the Liberty Bell Center, and Philadelphia’s Penn Station, as well as art galleries, clothing boutiques, restaurants, bars and entertainment.

About BRP Companies:
Founded in 1995, BRP has been a trusted and proven developer and builder of new homes, condominiums, apartments and retail properties across the City of New York and Philadelphia. From the company’s modest beginning as a local Brooklyn developer, BRP has successfully evolved into a full-service real estate company offering a full complement of development, construction, and property management services.

To date, BRP has completed approximately 250 housing units and has over 700 units in the pipeline. With a dedicated and growing staff, BRP has worked tirelessly to enhance and continue its partnerships with government agencies and not-for-profit organizations to build quality affordable, mixed-income, and market-rate housing units throughout the City. For more information, please visit: www.brpcompanies.com.

Contact:
Allison Berger,
Mediashop PR, 212-867-8778 x223

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Mediashop PR
110 East 42nd Street
Suite 1714
New York, NY 10017

Phone: (212) 867-8778
Fax: (212) 867-2796

Allison Berger
Phone: 212-867-8778 x223

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