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WARMINSTER, PA, JUNE 20, 2011 --- J.G. Petrucci Co., Inc. (JGPCO), one of the New Jersey and Pennsylvania region’s most respected development and design/build organizations, recently broke ground on its 233 unit, luxury apartment community referred to as the “Station at Bucks County.” The apartment complex will consist of one and two bedroom luxury apartments including granite counters, ample storage and garage parking. The site will have a 3,600 sq. ft. clubhouse with a fitness center, lounge and pool. Other onsite amenities include 5,000 sq. ft. of retail space and direct access to the Septa Commuter Rail Station. The development is minutes from major shopping and dining venues along the Street Rd commercial corridor. Construction is expected to be completed in 18 months, with delivery of the first phase in Spring 2012.
When JGPCO acquired this property, it consisted of an obsolete and deteriorating industrial facility. Redevelopment proved challenging in that the highest and best use for the property appeared to be rezoning the site for a mixed use residential and retail development. Working closely with state and municipal agencies, JGPCO’s development team was able to rezone the property as a Transit Oriented Development (TOD).
Greg Rogerson of JGPCO stated that “We are extremely excited to bring JGPCO’s smart growth, transit oriented multifamily development concept to the Township of Warminster.” He further noted “This project answers a need in the community and it is a great credit to the Township of Warminster that we were able to get this project underway in such a timely manner.”
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About J.G. Petrucci Co., Inc.
J.G. Petrucci Co., Inc (“JGPCO”) is a fully integrated, privately-held commercial real estate organization with more than 23 years experience in the design/build, development, re-development and acquisition of industrial, office, healthcare, retail, multi-family and other properties. The company’s portfolio also comprises a broad range of brownfield and adaptive reuse projects, as well as expertise in green building. In addition, JGPCO is recognized as a leader in both the New Jersey and Pennsylvania markets with a client and tenant roster that includes organizations such as Merrill Lynch, Weyerhaeuser Co., Federal Express, Cryovac/Sealed Air, Gargiulo Produce, St. Luke’s Hospital & Health Network, Flemington BMW and Synchronoss Technologies, among others. JGPCO presently holds an investment portfolio of over 3 million square feet of prime industrial, retail and office space. The firm is based in Asbury, New Jersey and also maintains offices in the Lehigh Valley, Pennsylvania.
For additional information about J.G. Petrucci Co., Inc., please visit our website at www.jgpetrucci.com.
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