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The Dane

The Dane - Interior Space
The Dane - Retail Space

Portfolio Asset

Name The Dane
Type Real Estate

Description

The Dane (formerly Penn Wynn House) is a 17 story, 231-unit Class C property with rents significantly below market.

The Dane property is immediately adjacent to a Septa Regional Rail station along the Cynwyd line, allowing for direct access to Center City Philadelphia in only 10 minutes by train or 15 minutes by car.
The property is also just 2.5 miles from the Bala Cynwyd office market, which offers nearly three million sq. ft. of office space, of which two million sq. ft. is Class A and attracts some of the largest employers in the Philadelphia metro area.

All units will be fully renovated, including new kitchens, baths, and windows. Amenities will include a gym, dog park, social lounge, salt water pool and penthouse clubhouse and deck with uninterrupted views of the Center City skyline. Construction began in Q3 2017 and will be fully completed by Q1 2019, at which time the property will be rebranded as “The Dane.” The Great Dane is the state dog of Pennsylvania, and the building embodies its characteristics in spirit, size and stately stature. The Dane symbolizes more than just a place it to live: it is a community that invites members into a welcoming home where one can truly “Sit, Stay, and Play.”