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Colliers is Exclusive Agent at Crane Chinatown

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Groundbreaking Mixed Use Development to Dream, Build, Soar

September 4, 2019 [Philadelphia, PA] – Colliers International has been selected as exclusive agent in the marketing of commercial retail and office space at the groundbreaking mixed-use development Crane Chinatown located at 10th and Vine Street, the northern bookend to Philadelphia’s iconic Chinatown 10th Street corridor.  

This long anticipated 20-story, $75 million development brings 150 apartment residences to Chinatown as well as office, commercial and retail space. In addition, a first for the Chinatown neighborhood, Crane Chinatown offers a community and recreation center to provide an exciting place both in and for the community. 

Retail at the Crane
Crane will feature two ground floor retail spaces, 6,405 square feet suitable for a large-scale restaurant operation and 1,800 square feet suitable for a coffee shop. “The Crane is new construction retail space with excellent exposure to Vine Street traffic. Floor to ceiling storefront glass adds even more visibility to these spaces.” said Larry Steinberg a Senior Managing Director with Colliers International leading the retail leasing effort.

Office at the Crane
Crane will offer up to 17,380 square feet of creative office space across its 4th and 5th floors. “These spaces feature full floor windows with stunning Philadelphia views spanning The Rail Park, the Benjamin Franklin Bridge, Chinatown and City Hall. Office users will want to be here at this crossroads of Chinatown and creative Callowhill.“ cited Elizabeth Morrow, a Vice President with Colliers responsible for office leasing at Crane.

Crane Chinatown was developed by the Philadelphia Chinatown Development Corporation (PCDC) with the goal of providing a hub for services and programs for the Chinatown community and fuel neighborhood commerce. The crane, a traditional symbol of China and longevity, was adopted as its name.

For further information:
Web – www cranechinatown.com
Office Leasing -  Elizabeth Morrow, Vice President +1 215 928 7557  | Elizabeth.Morrow@colliers.com
Retail Leasing - Larry Steinberg, Senior Managing Director +1 215 928 7593  | Larry.Steinberg@colliers.com

 

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About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. 

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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