An entity owned by the Dolgin family, a major player in New York real estate investment, has announced a series of renovations at Spring Mill Corporate Center, a 617,039-square-foot office park at 1100 East Hector Street in Conshohocken, PA.
The owner is looking to both modernize existing structures and extend the complex with an additional 40,000-square-foot stand-alone office building, expanded amenities and new parking spots.
Miller Purdy Architects will be in charge of the project, which will include the demolition of roughly 120,000 square feet of warehouse space to make room for 320 parking spots at Spring Mill, as well as the repurposing of 25,000-square-foot interior space to include a health club, Wi-Fi lounge and gaming area, a grab and go and a full-service café. Additionally, all halls and common areas will be revamped to create a sleek, modern look for the complex, which now hopes to attract job-seeking Millennials pouring into Philadelphia as a result of new opportunities and affordable housing solutions, according to Mr. Dolgin.
Spring Mill is especially well positioned to further expand its roster of high-profile tenants–following the likes of Pepperjam and Bimbo Bakeries USA–since it provides various solutions for transportation. The property has access to I-76 and I-476, is just 2 miles from the Pennsylvania Turnipike (I-276) and the Spring Mill SEPTA R6 Regional Rail Station, with the SEPTA Bus Route 97 stopping on-site. Also, just across the street, new developments include over 350 rental apartments and by this fall, a Dolgin affiliate intends to build additional offices and residential units on a property adjacent to Spring Mill Corporate Center.
The Dolgin family bought the former Lee Tire and Rubber Co. headquarters and factory for $61 million in 2006 from Preferred Sands. At that point the property had already been converted from industrial use into Class A office space, sporting a 100-seat restaurant, a fitness and health club and a 75-seat auditorium.