10.21.08
333 Green Named “2008 Townhome of the Year” by Building Industry Association of Philadelphia
 

Contact
Michael J. LaCosta, Vice President
Beckerman Public Relations
(908) 781-6420, michaelj@beckermanpr.com

PHILADELPHIA (October 21, 2008) – Narbrook Development, a developer and builder of urban homes and an affiliate company of AMC Delancey Group, Inc., today announced that 333 Green, an exclusive townhome community located at 333 Green Street in Philadelphia, has been named “2008 Townhome of the Year - Between $500,000 and $1,000,000” by the Building Industry Association (BIA) of Philadelphia.

Located in the dynamic Northern Liberties neighborhood, 333 Green’s seven modern townhomes feature four large bedrooms, three bathrooms, floor-to-ceiling windows, rear yards, private garages and large rooftop decks that provide views of Center City, the Benjamin Franklin Bridge, and the surrounding historic neighborhood. The community is scheduled for completion in the fourth quarter of 2008.

“It’s a great feeling to see both future residents and the building industry recognize the tremendous appeal and value offered by 333 Green,” said Ben Ryan, principal of Narbrook Development. “It’s so uncommon to find this kind of construction and design quality, not to mention this level of finishes, at prices under $600,000. We look forward to delivering these townhomes to the owners and the Northern Liberties community.”

Michael Wachs, president and chief operating officer of AMC Delancey Group, added, “This award is a testament to the quality of 333 Green and the success we’ve had with Narbrook. We’re seeking additional business opportunities in our hometown of Philadelphia where we believe there continues to be demand for high-quality homes that offer tremendous value, particularly in a market in which buyers are so discriminating.”

333 Green is being built in partnership with Haven Homes of Linthicum, Md., (www.havenhomes.com), utilizing innovative, sustainable building technologies including state-of-the-art modular construction methods. The results are more durable and energy efficient homes with better indoor air quality, a smaller carbon footprint, and less waste and disruption to the surrounding community. Environmentally smart design features include super-insulated ceilings and walls, dual wall and floor systems, virtually airtight construction, high-efficiency heating and air conditioning systems, and Energy Star appliances. Each home even comes with an outlet for an electric car in the garage.

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, the townhome facades incorporate glass, metal, brick and cedar. The completed townhomes will fit very well in Northern Liberties, which boasts a thriving new restaurant and entertainment scene and easy access to SEPTA’s Market-Frankford El, as well as multiple car sharing services. It is also home to several public parks, including Orianna Hill Park, an off-leash dog run, and Liberty Lands, a two-acre park and playground.

333 Green is priced starting at $599,000. For sales inquiries or to learn more, call (215) 510-6868 or visit www.333green.com.

About Narbrook Development
An affiliated company of AMC Delancey Group, Inc., Narbrook Development was formed in 2006 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.

About AMC Delancey Group
AMC Delancey Group, Inc. is a leading real estate investment and development firm that pursues value-added projects with strategic partners throughout the United States. Based in Philadelphia, the company’s programmatic approach focuses on viable, long-term investment strategies with partners who share a commitment toward improving quality of life. While focusing primarily on senior living development and operations through its Delancey Senior Living affiliate, the company also has investments in hotel, office, retail, multi-family, and mixed-use assets, as well as land development. For more information, visit www.amcdelancey.com and www.delanceysl.com.

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