Shaping the Future of Living & Working in Philadelphia
June 21 @ 4:30 pm - 6:30 pm
The Philadelphia Israel Chamber of Commerce’s mission is to foster business ties between the Greater Philadelphia region (including Delaware and Southern New Jersey) and Israel. We are delighted to highlight 3 significant real estate initiatives in our region which shape the future of living and working in the Philadelphia region, and accelerate the economic cooperation between our region and Israel. We will also cover ways that technology helps make these projects a reality.
What: A networking reception followed by presentations by Adir Levitas, Founder and CEO of Faropoint; Bill Glazer, CEO of Keystone Property Group; and Lenny Klehr, Vice Chairman of Lubert Adler Partners, about their most impactful projects underway at the moment.
When: Tuesday, June 21st, 4:30-6:30 pm
Where: Curtis Building, The Post Room, 601 Walnut Street, Philadelphia, PA
Admission: PICC members $25/Non-members $35
- Boosting Supply Chain Capacity:
Faropoint is an Israeli vertically integrated, data-driven real estate asset manager that leverages data and deep market relationships to achieve superior risk-adjusted returns. Faropoint targets inefficiencies in the marketplace that can be solved with technology and scaled to create meaningful positions using cutting-edge, proprietary, real estate underwriting and portfolio management methods. The company invests in markets with strong demographics and high construction barriers to entry, such as Atlanta, Dallas, Philadelphia, Northern New Jersey, Chicago, Tampa, Miami, and Memphis. Faropoint currently owns and manages more than 20 million square feet of industrial assets.
- Facilitating Innovation through Lab Space Conversion:
Keystone Property Group has completed more than 50 development and redevelopment projects across eight states, and maintains $3.5 billion in assets, which include a deep pipeline of future development sites to be built out over the coming years. Keystone is a fully integrated real estate enterprise, performing all functions of development, management, operations, and investments. CEO, Bill Glazer’s presentation will focus on Keystone’s redevelopment of the historical Curtis Building as a life-sciences hub where life sciences companies can locate and thrive: The Curtis Biospace. We believe that this development will further enhance Philadelphia’s attractiveness to Israeli life sciences companies. The Curtis offers the market’s only self-contained, furnished lab suites offering office and lab space combinations from 3,500 square feet to 6,000 square feet.
- Strengthening Communities through Live/Work/Play Development:
Lubert-Adler Partners has raised over $8 billion of capital and invested in over $18 billion of real estate assets. They focus on acquiring and enhancing mid-size, value-add rental assets including multifamily, credit retail, urban mixed use and business hospitality assets. Lubert-Adler utilizes a combination of opportunistic acquisition philosophies and value enhancement programs designed to create high quality real estate assets at favorable cost bases. Vice Chairman, Lenny Klehr’s presentation will focus on Lubert-Adler Partners ambitious redevelopment of the historic Bellevue Hotel property. The renovation includes a refurbishment of the hotel, conversion of the offices into residential units, restaurants run by notable local restauranters, a renovation of the Sporting Club at the Bellevue and the installation of an ice rink and other attractions on the roof of the building. It will be a major linkage between the Rittenhouse Square neighborhood, Midtown Village neighborhood and Old City neighborhood. Historically, Broad Street has tended to divide these neighborhoods. If they could be successfully knit together via the rejuvenation of the 1400 block of Walnut St., we think that Philadelphia will become an even more attractive place to live and work.
We thank our sponsors: