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Old Posted Oct 17, 2013, 5:07 AM
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CONSHOHOCKEN, PA | Seven Tower Bridge | 14 FLOORS



Seven Tower Bridge is the new centerpiece of the Tower Bridge development, maintaining the tradition of the finest, downtown-
quality architecture and appointments. This fourteen-story, 260,000 square foot office tower on the banks of the Schuylkill River offers highly efficient office space on 26,000 square foot floors. Every detail is of the highest style – a two-story, classic travertine marble lobby, polished stainless steel trim, 9-foot high windows of Solex glass framing panoramic views, 10-foot high, custom, book-matched, exotic wood-paneled elevators, and designer landscaping on riverside walking paths and public plazas. The building offers multiple routes to and from major access roads, so you stay on schedule. Tenants enjoy a private, spa-quality gym, casual riverside café, and 820 spaces of primarily covered parking with fast, direct access elevators into the building.

http://www.towerbridgeproperties.com/seven_tb.html

Last edited by summersm343; Nov 18, 2016 at 12:42 AM.
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Old Posted Dec 2, 2014, 4:02 AM
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Old Posted Dec 2, 2014, 4:59 PM
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Wow, I'm not sure they could have done a better job of blending in with the Conshohocken aesthetic...
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Old Posted Oct 3, 2015, 12:06 AM
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This was the wrong property.

Last edited by summersm343; Dec 9, 2016 at 7:53 PM.
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Old Posted Sep 3, 2017, 7:44 PM
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Images from the Developers website:
http://www.towerbridgeproperties.com/seven_tb.html
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Old Posted Sep 3, 2017, 8:23 PM
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Any indication that this will be built soon? Would love to see it, Conshohocken has great potential to continue to densify, truly a gem in the suburbs. I also like to see that "Seven Tower Bridge is owned by a partnership of affiliates of Delaware Valley Real Estate Investment Fund, Brandywine Realty Trust and Oliver Tyrone Pulver Corporation." This ownership knows how to get stuff done.
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Old Posted Sep 4, 2017, 11:52 PM
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Would like to see this built, aside from the fact that Conshohocken is becoming a bit gridlocked. That said, there is a stalled project on Elm Street (410 Elm St. ?). There is also the newly proposed (and zoning approved) project on 1st and Fayette. And I believe there is some new space planned down the road a few miles in Spring Mill. So it is quite a bit of proposed commercial space for a market that has not had much new space in a while.

It is sort of surprising that at least one or two of these don't take off quickly in a commercial sub market that has very little vacancy and relatively high rents.
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Old Posted Jul 10, 2018, 11:48 PM
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Cancelled

https://www.bizjournals.com/philadel...dge-files.html

*March 26th, 2018

Quote:
Seven Tower Bridge Associates, a limited partnership that was formed to develop a new office tower in Conshohocken called Seven Tower Bridge, has voluntarily filed for Chapter 11 bankruptcy protection.

The filing in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania stems from a lawsuit filed April 2017 in which R&J Holding Co. of Trappe initiated a mortgage in foreclosure proceeding against Seven Tower Bridge Associates in the Montgomery County Court of Common Pleas. The land subject to the mortgage is 110 Washington St. in Conshohocken, which is where Seven Tower Bridge Associates plans to develop the office building. There had been a March 23 court hearing for arguments in Montgomery County on a motion for judgment on the case and Seven Tower Bridge Associates filed for bankruptcy on March 22, putting an automatic stay on that litigation.

R&J Holding said in court documents it lent the Seven Tower Bridge Associates $8 million in a first mortgage in February 2010 that was ultimately scheduled to mature March 1, 2017. On March 3, 2017, R&J Holding sent a notice of default and demanded payment within seven days. “Pursuant to the terms of the note and the mortgage agreement, the note and the mortgage have been in default since March 1, 2017. To date, Seven Tower has failed to cure the default,” court documents filed by R&J Holding said.

Donald Pulver of Oliver Tyrone Pulver Corp. (OTPC) is in charge of Seven Tower Bridge Associates and has had plans since 2010 to build a 14-story, 250,000-square-foot structure on 2.3 acres at 110 Washington St. The project would have 10 stories of office space atop a four-story parking garage.

Conshohocken redevelopment

OTPC has been one of the dominant developers in Conshohocken and West Conshohocken having built two Marriott hotels and eight office buildings as part of its Tower Bridge office campus totaling 1.3 million square feet. The development of Seven Tower Bridge would have completed the vision for that campus and though the building has yet to be realized, it hasn’t been for lack of trying. Over the last eight years, Seven Tower Bridge Associates has invested $22.6 million in site work, designing the building and garage, legal fees, permits and other expenses, according to the bankruptcy filing. All of that was in preparation of landing a tenant for the building and kickstarting its construction. Those leasing efforts have been unsuccessful.
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Old Posted Aug 7, 2018, 4:44 PM
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My apologies, my statement of it being cancelled was premature.

Settlement reached over Seven Tower bankruptcy

Quote:
A settlement has been reached in a Chapter 11 bankruptcy proceeding that involves an entity overseeing the development of Seven Tower Bridge, a proposed office building in Conshohocken, and a company that lent money to help fund the project.

After going through mediation, Seven Tower Bridge Associates, the debtor in the bankruptcy, along with the Redevelopment Authority of Montgomery County, R&J Holding Co., and the borough of Conshohocken have come to terms that will allow the Seven Tower Bridge Associates to proceed with the development.

“We’re back in business like it never happened,” said Don Pulver of Oliver Tyrone Pulver, who controls Seven Tower Bridge Associates. “It’s all resolved and we're back to business as usual.”

Seven Tower Bridge Associates, a limited partnership formed to develop the proposed office tower, has had plans since 2010 to build a 14-story, 250,000-square-foot structure on 2.3 acres at 110 Washington St. The project would have 10 stories of office space atop a four-story parking garage.

Over the last eight years, Seven Tower Bridge Associates invested $22.6 million in site work, designing the building and garage, legal fees, permits and other expenses. All of that was in preparation to secure a tenant for the building and starting construction. Those leasing efforts have been unsuccessful and the building has never gotten out of the ground.

Pulver is confident he will be successful in finally developing Seven Tower, which would cost around $100 million to build, and will be able to do so in the next two years. He believes the market and tenants are in a better position to have the project move forward.
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