Reading, PA (PRWEB) July 23, 2013 -- Wyomissing Square is an award-winning $80 million mixed-use Brownfield redevelopment project in the heart of Wyomissing Borough–an affluent suburb of Reading, PA. This adaptive reuse project has transformed a formerly underutilized 13-acre Brownfield infill site into a thriving mixed-use community featuring 250 luxury apartments, 135-room Courtyard Hotel, 60,000-square-foot office building, and an existing 13,000-square-foot Euro-Mediterranean Restaurant.
The luxury apartment community 100 Park at Wyomissing Square has been extremely well received by the local market place as is evidenced by its 96% occupancy rate. The apartments have been particularly popular with the young professionals demographic that is not quite ready to settle down and buy a house yet but still want a nice place to live. Rental apartments are also appealing to baby boomers who are beginning to downsize and are going through a new life transition.
The newest addition to Wyomissing Square will be a 33,000-square-foot specialty retail center called The Promenade at Wyomissing Square which will be located at Hill Ave & Park Rd in Wyomissing, PA just a block north of Penn Avenue across from the VF Outlet Village. The project is currently under development and is scheduled to open in Fall 2013. Available space ranges from 800 square feet to 12,000 square feet with a base module of 1,860 square feet and 20 feet of frontage.
With the economic recovery in full swing and the first three phases of the Wyomissing Square project fully developed and stabilized, Promenade Square LLC is launching an aggressive leasing campaign to develop the retail component and fill The Promenade with a targeted tenant mix that will consist of local, regional and national brands. It will be anchored by high quality food & beverage venues. A new 5,300-square-foot fine dining establishment with outdoor seating for 48 will join the existing restaurant anchor Viva Bistro & Tapas Lounge to bookend the site. The tenant lineup will likely include tenants in the following retail categories: gym/fitness center, massage/spa, coffee /bakery/café, specialty grocer, frozen yogurt, fast casual dining.
John Connors, Master Developer of Wyomissing Square and Principal of Promenade Square LLC explains, “It is our aspiration to bring an exceptional retail experience to this landmark development and create a town center-like environment with an elegant public gathering space that allows for the integration of the people, the place, and the larger community.”
Wyomissing Square Mixed-Use Center was designed to be a 24-hour Live-Work-Stay-Play community. Its high density, compact urban style building form has allowed us to accommodate a variety of uses on this small infill site. This once vacant Brownfield has now become pulse node of activity that has enhanced an already vibrant community with a mixed-use center that offers the kind of walkable urban lifestyle that has become increasingly popular among today’s renters & workers both you young and old. Wyomissing Square boasts a WalkScore of 80 indicating that the neighborhood is “very walkable and most errands can be carried out on foot” – a rarity in the suburbs.
Aaron Costenbader, Greater Reading Economic Partnership, http://GreaterReading.com, 610-376-4237, [email protected]
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