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6.10.08
PHILADELPHIA (June 10, 2008) – Narbrook Development, a developer and builder of urban homes and an affiliate company of AMC Delancey Group, Inc., today announced that it has commenced construction of 333 Green, a seven-unit residential development at 333 Green Street in Philadelphia. Located in the eclectic Northern Liberties neighborhood, 333 Green’s modern townhouses will feature four large bedrooms, three bathrooms, floor-to-ceiling windows, rear yards, private garages and large rooftop decks that provide views of the city and the surrounding historic neighborhood. In addition, the homes are being constructed utilizing innovative, sustainable building technologies. Super-insulated ceilings and walls, dual wall and floor systems, virtually airtight construction, high-efficiency heating and air conditioning systems, and Energy Star appliances contribute to unparalleled energy efficiency and environmentally smart design. This highly contemporary development, with facades incorporating glass, metal, brick and wood, is designed and built to the needs and demands of the forward-thinking urban buyer, while remaining sensitive to the context and fabric of the Northern Liberties community. Northern Liberties boasts a thriving new restaurant and entertainment scene, easy access to SEPTA’s Market-Frankford El and two public parks, including Orianna Hill Park, an off-leash dog run, and Liberty Lands, a two-acre park and playground. Strategically located near multiple car sharing services and public transportation, the residences are projected to be completed summer 2008, with prices starting in the high $500,000’s. Debt financing will be provided by Conestoga Bank of Chester Springs, Pa. “Northern Liberties is one of the fastest growing communities in Philadelphia, and one of the city’s most interesting urban neighborhoods,” said Kenneth P. Balin, president and CEO of Philadelphia-based AMC Delancey Group, a leading national real estate investment and development firm. “The neighborhood is undergoing major revitalization due to its close proximity to Center City and because it has numerous available lots and historic properties. 333 Green is the first of many residential developments that we’ll be undertaking in the Philadelphia area through Narbrook Development.” Ben Ryan, principal of Narbrook Development, added, “The homes we designed for this project have tremendous appeal and fit nicely with the art-influenced culture of Northern Liberties. The four-bedroom layout with three full baths, expansive windows, plentiful outdoor space, private garage parking and premium interior finishes make 333 Green a tremendous value at its price point. Major factors in our decision to develop in this neighborhood were the influx of residents, restaurants and entertainment venues, and the growing demand for high quality housing in this area of Philadelphia.” 333 Green is being marketed exclusively by the Maria Quattrone team at Coldwell Banker Preferred in Philadelphia. For inquiries, call (215) 510-6868 or visit www.333green.com . About AMC Delancey Group About Narbrook Development An affiliated company of AMC Delancey Group, Inc., Narbrook Development was formed in 2007 to develop residential communities on urban infill sites in the Philadelphia area. Ben Ryan, principal of Narbrook Development, is a Harvard Business School graduate and former Navy SEAL officer who developed secure housing in Baghdad, Iraq, as head of strategic initiatives for Triple Canopy, a private security firm. For more information, visit www.narbrook.com .
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