Pennrose Celebrates 10 Years in Philadelphia Neighborhood

The company selected the area to positively transform the neighborhood.

Philadelphia—August marks the 10 year anniversary of Pennrose’s corporate headquarters moving to the Brewerytown neighborhood of Philadelphia. The location, a former Acme Markets cold-storage facility, was selected as being consistent with the organization’s mission to positively transform neighborhoods. It serves as the home base for more than 70 employees that support Pennrose’s development and management activities ongoing in 11 states and the District of Columbia.

A total of 125,000 square feet of space was developed utilizing new market tax credits, historic tax credits and private bank financing. Two separate areas within the same block were developed by Pennrose into the corporate offices and The Lofts at Brewerytown, a 61-unit workforce-housing apartment property.

The renovation for the offices took approximately nine months. The design goals for the space were to keep an industrial feel and include a hybrid of high-tech elements. Design features include exposed mechanicals, an open staircase, original concrete ceilings, large windows and a skylight that allows natural light to flow from the second floor throughout the space.

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