The Airdrie at Paoli Station
The Airdrie at Paoli Station is a 154 unit multifamily community adjacent to the Paoli Train Station on Philadelphia`s Main Line. The 7-acre property formerly held four functionally obsolete office buildings. Stepping in after several develop is failed, the Principals of Linden Lane worked with the Township and community to transform the run-down site and remake it into a Class A, award-winning community.
Frustrated Seller – having gone through severalnational developers who failed to obtain approvals from the township selected Linden Lane to attempt the development
Work with Township and community to produce a quality project sensitive its the sorroundings, while at the same time in increasing density.
Results – Airdire delivered to an enthusastic reception by the community and new residents
The Hannah Callowhill
The Hannah Callowhill is 181-unit multifamily development in a Qualified Opportunity Zone adjacent to Center City Philadelphia. Linden Lane was able to quickly move the project through the City approval process including obtaining several variances in the midst of the COVID pandemic, without the typical delays, by designing a quality project and getting the buy-in of the neighbors and Planning Commission. Given the QOZ status, Linden Lane was able to capitalize the project with all equity and deliver significant risk-adjusted returns to our investors.
Exceptional opportunity to obtain a greenfielddevelopment site adjacent to Center City Philadelphia
Obtain zoing approval quickly and design for high quality / cost effective construction
Status: In Progress
Gettysburg Village Festival Center
Gettysburg Village is a greenfield development of 268,000 SF factory outlet retail shopping center, plus hotel, restaurants and movie theater in central Pennsylvania. Linden Lane principals stepped into a stalled, to-be-developed project by The Boyle Group, replacing an equity partner and adding the necessary resources and direct principal involvement to complete the entitlements, capitalize, lease-up and construct the project.
Stalled 130 Acre development in need of capital and development expertise
Modify Entitlements, Lease and Build
Results – Property sold yielding 18% IRR