Take a peak inside Carousel Farms, a 32-acre New Hope, Pennsylvania property featuring a beautiful farm house, restored barn and 15,000 lavender plants, with this Wall Street Journal House of the Day feature. This unique property is listed by boutique Bucks County firm Addison Wolfe Real Estate.
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Jersey City developer promises to restore, expand Bucks County landmark
Addison Wolfe Real Estate, a boutique real estate firm specializing in distinctive properties, today announces New Hope’s historic Logan Inn has sold for $5.6 million to Landmark Hospitality, headquartered in Jersey City, N.J.
According to Addison Wolfe Realtor® Caryn Black, who represented Landmark Hospitality, the Logan Inn deal represents the largest commercial real estate transaction in recent history within the borough of New Hope.
“This deal has been in the works for some time, and promises to remake the face of downtown New Hope while remaining true to the building’s historic roots and New Hope’s distinctive character,” says Black. “Landmark Hospitality has an impressive track record of restoring historic commercial properties and turning them into remarkable destinations that complement their environment. The same will be true of Logan Inn.”
Established in 1722 as a tavern, the Logan Inn at 10 West Ferry Street in New Hope is Bucks County’s oldest and only in-town, continuously operational inn on the National Register of Historic Places.
Frank Cretella, principal of Landmark Hospitality, intends to work closely with New Hope’s Historical Architectural Review Board and Doylestown Architect Ralph C. Fey, AIA, to enhance the property’s curb appeal. In its current form, Landmark’s plans call for constructing two additional permanent structures that will add 17 new guest rooms and a pebbled court yard.
“As we did with the Ryland Inn in Whitehouse Station a few years ago, our intention is to return the Logan Inn to its true landmark status,” explains Cretella. “Logan Inn has been a centerpiece for New Hope since the dawn of this town, and we intend to renew its promise, restore its history and remake it as a showplace of fine dining and lodging for the hundreds of thousands of people who visit the area annually.”
Landmark Hospitality, a leader in urban renewal and adaptive reuse practices for historic and existing commercial structures, also operates Liberty House Restaurant in Jersey City, Stone House at Sterling Ridge in Warren, N.J., and Celebrate at Snug Harbor in Staten Island, N.Y., in addition to the Ryland Inn. The company also recently unveiled its other distinctive New Hope property, the fully renovated Hotel Du Village on River Road.
Gloria Nilson & Co. Real Estate today announces it is scheduled to open its newest office in Toms River at 411 Main Street in early December 2015. This newest location brings the company’s total number of offices to 24 throughout New Jersey, with two locations in Bucks County, Pa., and more than 700 agents working throughout the region.
“Toms River is an extremely diverse and dynamic downtown environment that continues to be a destination of many throughout the state,” explained Jacqueline Paterno, the broker-associate branch manager who will lead the Toms River office. “With so many of our clients looking to Toms River and surrounding areas for homes, this was the next logical location for our business and our agents. We’re thrilled to be joining the local community.”
In addition to Paterno, 12 additional sales associates from Gloria Nilson & Co.’s Brick, N.J., office will join the Toms River office. Plans for an official grand opening celebration in the first quarter of 2016, as well as recruiting for additional experienced and well-trained local sales associates, are also underway.
Sales associates who will work from the Toms River office include: Ramona Bruno, Anna Fimagnari, James Hawkes, Michael Meehan, Sima Parisi, Loretta Parody, Peter Paterno, Tom Rafferty, Sarah Rullo, James Schneider, Roseann Smith and Donald Stout
“One of the reasons Gloria Nilson & Co. has continued to grow as a successful real estate brokerage is because our expansion is strategic and it focuses on meeting the needs of our buyers and sellers,” said company President Pat Bell. “Toms River gives us another key regional location in Ocean County as well as further reach into other desirable shore communities where buyers are most interested.”
For more information about Gloria Nilson & Co. and its new Toms River location, please visit www.glorianilson.com or call Paterno at (201) 218-6388.
At its recent annual public meeting in Lower Macungie Township, Sustainable Energy Fund (SEF), a nonprofit non-governmental organization dedicated to educating, supporting and financing energy users seeking sustainable energy options, announced it had committed nearly $4 million dollars to regional renewable and sustainable energy projects during its fiscal 2014-2015 calendar year.
Those commitments, totaling $3,952,871, represent low-cost loans to help fund a variety of energy projects across approximately 20 different organizations, including nursing homes, condominium developments, day care centers, museums, municipal governments, non-profits and various commercial enterprises.
A sampling of these projects include:
- $1 million for Community Energy Renewables in Radnor, Pa., to allow the organization to develop future solar PV projects.
- Nearly $45,000 for Fairmount Homes in Ephrata, Pa., for a retrofit lighting project incorporating LED lighting at the organization’s Wheat Ridge Drive location.
- Approximately $34,000 for Youth Advocate Programs in Harrisburg to retrofit the organization’s North 3rd Street location lighting with energy-saving LED lights.
“We continue to see in both the non- and for-profit sectors a recognized need to control costs, plan for the long-term and commit to more sustainable energy alternatives,” said John Costlow, president and CEO of SEF.