Full of Old City enthusiasm, Yaron has eye on expanding

Monday, August 15, 2005

Yaron Properties is expanding its presence in Old City by adding two additional residential projects, switching its successful Merchants' Row apartment complex into condominiums, and breaking out a new concept for the building that housed MTV's "Real World" cast.

Yaron has already amassed 10 buildings in Old City and invested more than $100 million in redeveloping the properties into mostly residential structures. Many of the properties have a mix of retail and residential components. It's a section of Philadelphia the developer has focused on since taking a stake in the neighborhood eight years ago.