Case Studies

Aspen Equities has completed an array of successful real estate development and investment projects over the past fifteen years, including ground-up multifamily construction, ground-up condominium construction, condo conversion, fix-and-flip, and acquisition and management of cash-flowing properties.

SELF-STORAGE CONVERSION

500 North Columbus Boulevard
Philadelphia, PA

Multi-stage conversion of a 400,000 SF c. 1891 cold storage warehouse complex into self-storage, multifamily and retail. The first phase, a 170,000 SF gut renovation and conversion into self-storage, was completed in 2021 and is operated by Extra Space Storage. Self-storage phase two is currently under construction.

NEW CONSTRUCTION MULTIFAMILY

The Lawrence
Prospect Lefferts Gardens
Brooklyn, NY

520 Parkside Ave and 111 Clarkson Ave, known together as The Lawrence, are a new two-building residential complex in an up-and-coming neighborhood. The buildings comprise a total of 50 rental units and include many amenities, including a shared roofdeck with BBQ station, 850 SF fitness center, and a double-height tenant lounge. Units include studio, one-, two- and three-bedroom apartments, and nearly all have outdoor space. The project leased out in 2018 and achieved rents higher than most other new construction in the neighborhood. The project was a joint venture with Rezo Holdings.

NEW CONSTRUCTION TOWNHOUSE

319 Fourth Street
Park Slope
Brooklyn, NY

Upon completion, this luxury two-family brownstone was the first new brownstone built in Park Slope in decades. The project focused on environmentally sustainable building techniques and materials, including a solar thermal water heater, EnergyStar appliances and HVAC, and low VOC paints and adhesives throughout. Construction was completed in 8 months, and the project was profiled in the Wall Street Journal. The project was developed as a joint venture with the property owner, and sold in 6 weeks in the upper reaches of prices for homes in Park Slope.