Reading’s Boscov breaks ground today on $56M four-star hotel

By Jennifer Glose of LVB.com

Well-known Reading retailer Albert Boscov broke ground this morning on what will be a $56 million four-star hotel in the city’s downtown – a vision that has been seven years in the making.

Taking up the entire 700 block of Penn Street, the nine-floor, 208-room Double Tree by Hilton will sit directly across from Santander Arena. Hotel features will include a convention center, pool, ballrooms and a restaurant, along with a 928-space parking lot. The complex is expected to be completed by summer 2015.

“We have been working for seven years to make this happen,” said Boscov, the well-known owner of Boscov’s retail store chain. “We didn’t want just a regular hotel; we wanted a four-star hotel.”

The hotel project, Boscov said, is the result of efforts by his nonprofit Our City Reading Inc. and a group of 10 people in the community who supported the project.

“We are excited to see this movement on the long anticipated hotel,” said Charles Broad, executive director of the city’s Downtown Improvement District Authority. “First of all, it will provide benefit to people coming into the arena, and we hope that it will attract other restaurants and coffee shops.”

Boscov’ connection to Reading is eminent. His deep roots in the city are in part from his late father’s legacy, Solomon Boscov, who more than a century ago opened the first Boscov’s retail department store at Ninth and Pike streets in the downtown. Albert Boscov was instrumental in growing his father’s business into a multistore retail chain of more than 40 stores throughout the East Coast.

“He has been a visionary for Reading,” Broad said. “He has a vision for what should be here and makes it happen and never stops trying.”

In 2001, Boscov started Our City Reading as a nonprofit to renovate old homes in the city and make them affordable for first-time homebuyers in the city and to develop the city to bring quality jobs. To date, Our City Reading has renovated 550 homes.

Our City Reading also helped to develop the 200 block of the downtown near Washington Street with a GoggleWorks luxury apartment building, Imax Theater, Panevino Rustic Italian Cuisine and the Goggleworks Center for the Arts.

“I am proud of the fact that we have had the support of the community,” Boscov said.

“Reading never had a four-star hotel, and I believe this is one of the most important projects in Reading to date and a great step forward – and we are far from done.”

Article By Jennifer Glose and the original can be found by clicking here

End of Original Article ~

“The project will be a great addition to Downtown Reading and add another amenity that is much-needed.  I look forward to seeing it finished and have high hopes that the hotel will bring new business to downtown Reading while helping retain the existing” ~Bryan Cole, NAI Keystone Commercial & Industrial, LLC

NAI Keystone’s Bryan Cole and Steve Willems are marketing two office buildings which are very close to the new Hotel.   One of the buildings is directly next door.

645 Penn Street, Reading PA

201 Penn Street, Reading “The Gateway Building”

 

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Berks firm to build $4M university project

Article By Brian Pedersen

IMAGE COURTESY OF IMMACULATA UNIVERSITYIMAGE COURTESY OF IMMACULATA UNIVERSITY

Kinsley Construction Inc., which has an office in Wyomissing, earned a contract to build the first part of the West Campus Housing Project at Immaculata University in Immaculata, said Jack Hoy, business development manager for Kinsley.

Immaculata University hired Kinsley to begin building the $4 million project, which includes new four- and five-bedroom suite-style housing units. Each building contains beds for about 60 students, Hoy said.

The first part includes two three-story buildings, with each building covering about 10,000 square feet, Hoy said.

Construction will begin in January.

The company is scheduled to complete the first part of the project in July in time for the fall semester. Crabtree Rohrbaugh & Associates of Mechanicsburg is the architect.

Immaculata University is a Catholic, comprehensive, coeducational institution of higher education sponsored by the Sisters, Servants of the Immaculate Heart of Mary.

Kinsley Construction is headquartered in York.

 

By Brian Pedersen with original article here

 

Bryan Cole of NAI Keystone represents two projects of Kinsley’s in Greater Reading; that information can be found below.

Wyomissing Corporate Campus and Ridgewood Professional Center

 

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Bryan Cole of NAI sells White Pines Professional Center

By Bryan Cole

NAI Keystone’s Bryan Cole completed the sale of a 10,000 sf. multi-tenanted office building in Flying Hills.  The property is located at 2433 Morgantown Road, Reading PA, and is considered a Class A office building with quality tenants.  The building is situated on 4.7 + acres which will allow for three additional building lots.  The lots should allow for three 5,000 sf. buildings.

The existing building has one suite for lease totaling approximately 1,500 sf.White Pines Professional Center

For more information about the sale or information on the avail-abilities.  Please give us a call.

Don’t forget to visit www.Bryan-Cole.com or my clients/members site atwww.NAIKeystoneMembers.com

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site

Prime Retail/Medical Facility for Sale along State Hill Road in Wyomissing

By Bryan Cole

NAI Keystone’s John Buccinno and Bryan Cole have been retained by the owners of the Ciabatta’s Building in Wyomissing to handle the disposition of the building. The property is located at 2224 State hill Road, Wyomissing PA and will be offered for sale.

The facility is defined as Class A Retail Building.2013-10-22 08.05.14 - Copy

Highlights

– .63 Acre Site

– Over 20,000 Cars per Day

– 37 Surface Parking Spaces

– Single Story Retail / Commercial Building

– Zoned C-1 Neighborhood Commercial

– Across from Walmart Anchored Shopping Center

The property lends itself to a variety of uses and has great visibility and frontage from a major Wyomissing corridor and is situated on .63 acres and has 4,000 sf. under roof.

The building was set up as a restaurant, but can be renovated for a variety of uses including office, medical, or other retail. For more information about this property please follow the link below. Please see link for:

Offering Package

Don’t forget to visit www.Bryan-Cole.com or my clients/members site atwww.NAIKeystoneMembers.com

Bryan Cole | Sr. Associate

Bcole@naikeystone.com

NAI Keystone Commercial & Industrial, LLC

3970 Perkiomen Ave, Suite 200

Reading, PA 19606

www.Bryan-Cole.com or www.WyomissingOfficeSpace.com

Direct +1 610 370 8502 |Main +1 610 779 1400 | Fax +1 610 779 1985

Blog | LinkedIn  | Twitter  | Main Website | Office Space Site