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From:
O’Neill Properties Group
700 South Henderson Road
King of Prussia, Pa. 19406
Contact:
Rosemarie McElwee Console
610-337-5560
RConsole@oneillproperties.com
FOR IMMEDIATE RELEASE
The Lofts at Valley Forge Phase One Sets O’Neill Properties Leasing Record
Twenty-nine leases in one month demonstrates the demand for luxury amenities and lifestyle activities unique to Valley Forge among individuals as well as corporations.
King of Prussia, Pa., June 2, 2009 –O’Neill Properties announced today that a record number of leases had been signed last month for its new, ground-up luxury apartment community, The Lofts at Valley Forge. Located on the banks of the Schuylkill River, at the foot of Valley Forge National Park, the new community hit a record in leases last month and is nearly two-thirds full, demonstrating the market demand for luxury amenities and lifestyle activities in the apartment market.
“Waterfront living and access to several outdoor activity choices is the new rage among up-and-coming professionals and active empty nesters seeking carefree living and lively lifestyle activities. Nowhere is that more apparent than at The Lofts,” says Brian O’Neill, founder and chairman of O’Neill Properties. “Even in today’s market, Demand has been astounding, outpacing even our own aggressive projections. Individuals and corporations, alike, are seeking out The Lofts lifestyle that offers parks, biking and hiking trails, water sports with unparalled luxury finishes in their new home.”
Individual renters are not the only ones attracted to The Lofts at Valley Forge, however. A new area where The Lofts has been experiencing success is in the corporate housing among consultants, professionals and executives from regional corporations. “Our corporate housing renters can live in a fully furnished, brand-new and spacious apartment for less than they would pay at a nearby hotel” says Aprille Cole, Property Manager for The Lofts. “Add our amenities, services and the overall ‘feel’ of home and we offer an experience any corporate professional would enjoy during their stay in the suburban Philadelphia market.”
The Lofts at Valley Forge offers unprecedented access to the region’s most coveted attractions, including the 40-mile Schuylkill River Bike Trail, some 4,000 acres of national parkland, and a reclaimed Schuylkill Riverfront that will allow for water skiing, jet skiing, fishing and other outdoor recreation. The community itself includes a 5,000 square foot clubhouse and business center, a resort-style swimming pool, a state-of-the-art fitness center as well as events for community residents.
To arrange an appointment to tour the luxury apartments, contact The Lofts at Valley Forge sales center at 610-630-1014 or visit www.TheLoftsAtValleyForge.com
For more information about The Lofts at Valley Forge, or to arrange an interview with an O’Neill Properties executive, please contact Rosemarie McElwee Console at 610-337-5560 or RConsole@oneillproperties.com
ABOUT O'NEILL PROPERTIES GROUP
O'Neill Properties is a leading national real estate investment and development company headquartered in King of Prussia, Pa., which is developing a portfolio it currently values at over $1 billion. The company focuses on development of Class A office space, retail and luxury multi-family residential housing in the Northeast through the recycling and renovation of surplus brownfield industrial and military real estate. The portfolio includes significant residential, mixed-use, and commercial land development projects, which include the development of over 10,000 residential units, and when completed will increase the portfolio's value to more than $4 billion. O'Neill Properties has completed development of over 13 million square feet of office space, 700 apartments, and currently has over 2 million square feet of mixed-use and residential developments under construction.
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