With financing and an anchor tenant in place, Oliver Tyrone Pulver is now ready to start building Seven Tower Bridge, a $112 million office building in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal.
The 14-story riverfront building will be anchored by Hamilton Lane, which will move from its current offices in Bala Cynwyd. The company will occupy 130,000 square feet starting in 2021.
The developer is also in talks with several other potential tenants to fill the remaining space, and also plans to lease 4,000 square feet of office space for its own needs.
Oliver Tyrone Pulver will co-develop the office building with Herndon, American Real Estate Partners and Partners Group based in Virginia. The financing for the project will be provided by Mesa West Capital.
Oliver Tyrone has already invested $22.6 million in the site work, including designing the building, obtaining required permits, and installing other infrastructure. Once the building is complete, Hamilton Lane will occupy the top five levels and have its name on it.
The project is expected to be finished in November next year.
Read more about Seven Tower Bridge at the Philadelphia Business Journal by clicking here.