Project Profile | United Properties and StuartCo: Penn & American

April 24, 2012 at 8:30 am

Penn & AmericanPenn & American – the multi-phase, retail and residential project at the intersection of Penn Avenue and American Boulevard in Bloomington – recently signed leases with new restaurant concepts for the southwest metro: Which Wich Superior Sandwiches and Moe’s Southwest Grill. The restaurants are part of the first phase of the redevelopment, which includes two retail buildings developed by United Properties and 234 apartments and townhomes developed by StuartCo.

StuartCo is developing Genesee Apartments & Townhomes at Penn & American, which includes 212 apartments and 22 townhomes along with a rooftop deck, fitness center, outdoor pool and movie theater. Model homes have just opened and the first residents move into the 22 two- and three-bedroom townhomes in June. The studio, one- and two-bedroom apartments and penthouses will open in August and September.

The Penn & American redevelopment includes a new signaled intersection as well as surface, secured structured and public on-street parking. The site allows for future redevelopment to occur in smaller phases; the next phase includes additional retail, hotel or office space. United Properties worked for nearly five years planning the new development, which replaced two former car dealerships.

Entry filed under: Industry News, Project Profiles.

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