Brewerytown Development Overview

September 2013
Brewerytown Development Overview
Agenda
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Executive Summary
About MMPartners, LLC
Brewerytown
Development Strategy
Community Outreach
MMPartners: The Team
Contact Information
confidential
www.mmpartnersllc.com
Executive Summary
MMPartners, LLC Is a Real Estate Development, Construction And Management
Company Headquartered In And Focused On Developing Residential,
Commercial And Retail Projects In The Brewerytown Neighborhood Of
Philadelphia
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Aggressively acquiring, renovating, and repositioning mixed-use properties along
West Girard Avenue, creating “Main Street” retail corridor to support on-going
residential development by MMP
Developing large scale, ground up projects (residential and mixed-use)
Acquiring, renovating and selling single family homes, leveraging property value
appreciation being created by all of the larger MMP projects
Strategically acquiring land and other properties when special situations arise
Working in concert with the city of Philadelphia, local Community Development
Corporations, and non-profits to effectuate positive change in Brewerytown
Community Outreach via public art installations, sponsorships, mentoring, free office
space, etc.
confidential
www.mmpartnersllc.com
About MMPartners, LLC
MMPartners, LLC Has Been Actively Developing Property In Brewerytown
Since 2001
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Competitive advantages due to being largest and most active developer in
Brewerytown
Vertically integrated with in-house architecture/design, construction, and
property management
Headquartered on West Girard Avenue in the heart of Brewerytown
To date, MMP has acquired and renovated 50+ properties in Brewerytown
(mixed-use, multi-families, and single families) creating over $35m of value
Large pipeline of upcoming projects
100% occupancy in existing rental portfolio with strong demand for more
residential/retail
confidential
www.mmpartnersllc.com
Why Brewerytown?
Brewerytown Is Strategically Located In The NW Corner Of Greater Center City Philadelphia,
Directly North Of The Prosperous Art Museum/Fairmount Neighborhood
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Close proximity to Center City
Excellent access to public transportation and major highways
Directly adjacent to Fairmont Park and Kelly Drive
Strong rental market, with solid rent growth year-over-year
Directly adjacent to the affluent Fairmont/Art Museum neighborhood which has been pushing
north, and has now reached W. Girard Avenue
Significantly underserved retail buying power in the neighborhood, creating strong demand
for new retail (Brewerytown and Fairmount residents)
Large stock of historic properties to acquire at attractive valuations and reposition
Public interest and investment in the West Girard Avenue Commercial Corridor
Opportunity to create a thriving Main Street retail corridor along West Girard Avenue from
West College Avenue to 29th Street, which in turn drives residential growth
Near Drexel University, University of Pennsylvania, and Temple University, all major demand
generators for housing
confidential
www.mmpartnersllc.com
Proximity to Center City,
Transportation, etc.
Brewerytown Is Located In Close Proximity To Center City,
University City, Major Highways And Fairmount Park
confidential
www.mmpartnersllc.com
Development Strategy
MMPartners, LLC Has a Multi-Pronged Strategy To Successfully Re-Develop
Brewerytown
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Develop Critical Mass of Property: MMP currently owns 50+ properties comprised of
multifamily, mixed use, single family, and land for development within a 5 square block radius.
Focusing on one neighborhood allows for all future projects to increase value of existing
projects and vice versa, driving demand and rent/sales prices
Drive Retail Corridor on West Girard: MMP believes a viable neighborhood needs a strong
retail corridor to service the daily needs of residents. To that end, MMP has attracted over 15
new businesses to W. Girard Avenue, and is actively soliciting many other service oriented
businesses
Community Events/Outreach: Under the banner of “Brewerytown Living,” MMP organizes
community building events such as outdoor concerts, doggy happy hours, baby clothing swaps,
art shows, etc to drive awareness of Brewerytown
Work with Community Groups & City of Philadelphia: MMP works closely with the Fairmount
and Brewerytown Community Development Corporations, and maintains close relations with the
various city agencies and councilmen who represent Brewerytown
confidential
www.mmpartnersllc.com
Pipeline Map – Completed and
Pending Projects
confidential
www.mmpartnersllc.com
Community Outreach
MMP Believes Strongly In Giving Back To The
Neighborhood
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Creator and Lead Sponsor Of Bi-Annual
Food Truck Round Up
Creator and Lead Sponsor Of Annual
Brewerytown Spring Festival
Fund Public Art Projects Throughout
Neighborhood
Participate In Mentor Program For
Neighborhood Kids Interested In Architecture,
Construction, Development
Sponsor Greater Brewerytown CDC
Sponsor Give and Go Athletics
Sponsor Youth Sports Leagues
Free Office/Studio Space For Non-Profits
And Artists
confidential
www.mmpartnersllc.com
Contact Information
David Waxman
Co-Managing Partner
  [email protected]
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2732 West Girard Avenue
Philadelphia, PA 19130
267.519.0895
confidential