What's happening in and around Phoenixville, PA.

Monday, February 14, 2011

DeMutis Group Presents Plans For Steel Site to Planning Commission

Last week, Manny DeMutis and Barry Cassidy presented new plans for the Steel Site. From downtownphoenixvillenews.blogspot.com:

Phoenixville Developer Manny DeMutis presented his vision of the steel site development last night to the phoenixville planning commission. The plan got a amicable reception as members of the commission were given a preview of the proposed development. DeMutis stated that the project did not have a name yet and he asked for input from the commission.

The project will include a 30,000 square foot office building, 80,000 square feet of retail and 275 apartments located above the retail. The project will also include a parking garage to enable those residents and business owners to park on site.

DeMutis has assembled a private equity group and has purchased a portion of the steel property. He will now seek to secure approvals for mixed use development. “What we are proposing is a series of buildings replicating the infill construction completed on the Iron Hill building in downtown, residential over retail. There is also a stand alone office building” stated DeMutis.

The 7 acre area that is being developed is just a small portion of the 120-acre Phoenixville site and hopefully will act as a catalyst for continued development of downtown Phoenixville. Project Manager Barry Cassidy stated, “It is important to have the 400 linear feet of retail on Bridge Street to better promote the small town flavor of Phoenixville. The retail condos will be offered for spaces as small as 1300 square feet and will offer the small retailer an opportunity to own their own space. We will be offering retail spaces at pre-revitalization prices per square foot. We are in a historic district and we need to ensure that infill construction fits with the rest of the architecture on the street”.

Read the full article here.

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