Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, is pleased to announce the completion of Madison Lansdale Station, a newly developed, transit-oriented, luxury mixed-use community located in Lansdale, Pennsylvania. Demand has continued to surge for the luxury community, which has welcomed its first residents and is already nearly 50% leased. The community is managed by Madison Apartment Group, L.P. (“Madison”), the multi-family operating arm of Equus.
“We are proud to bring this transformative project to life, contributing to the revitalization of Lansdale through quality, convenient living that brings retail and access to transportation directly to residents,” commented Joseph F. Mullen, President and CEO of Madison Apartment Group. “With leasing ahead of schedule, we’re excited to see residents settling into their new homes and enjoying the amenities and lifestyle this luxury community has to offer.”
Situated in the heart of historic downtown Lansdale, residents of Madison Lansdale Station enjoy a dynamic Live/Work/Play environment in a thoughtfully designed, vibrant community conveniently accessible to downtown Philadelphia and throughout the suburbs of Bucks and Montgomery counties via Lansdale Train Station, located next door to the complex. In addition to residential homes, Madison Lansdale Station features 15,000 square-feet of ground-level retail, which will include boutiques, restaurants and entertainment for residents and community members to enjoy.
“Through careful planning, well-curated design and an understanding of the community, Madison Lansdale Station and its developers have brought a beautiful new residential anchor and retail space to our downtown,” commented Borough Manager John J. Ernst. “As they open their doors to new residents and businesses, we look forward to welcoming them all to our vibrant Borough.”
Madison Lansdale Station offers 182 studio, 1- and 2-bedroom residential units across 14 distinct floorplans. Each residential unit is energy efficient and includes open, spacious floor plans, 9-foot ceilings, and contemporary unit finishes, such as quartz countertops, ceramic tile backsplashes, frameless, contemporary wood grain cabinetry, in-unit washer and dryer, and stainless-steel appliances. Community amenities include a state-of-the-art fitness center, well-appointed clubhouse, resident business center, resident lounge, demonstration kitchen, billiard room, outdoor living spaces with lounges, grills and firepit, indoor pet spa, and package concierge system.
Equus announced the acquisition of the 6.7-acre transit-oriented development site adjacent to SEPTA’s Lansdale Train Station in October 2017, and broke ground on the project the following month. Construction on the first of six buildings, a five-story elevator building with 36 homes, was completed in May 2019, with the remaining five three-story garden-style buildings completed soon after.
About Equus Capital Partners, Ltd.
Equus Capital Partners is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multi-family, industrial, and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.
About Madison Apartment Group, L.P.
Madison Apartment Group, L.P. (“Madison”) is the multi-family operating arm for Equus Capital Partners, Ltd. Madison manages Equus’ multi-family portfolio consisting of over 4,700 apartment units in 19 communities located in six states throughout the United States. For additional information, please visit the company’s website at www.madisonapartmentgroup.com.
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