After a years-long, meticulous renovation to the Art Deco gem at 2 E. Lancaster Avenue, Core Development was recognized with Lower Merion Township’s 2024 Historic Preservation “Stewardship Award.”

Core Development is focusing on creating bespoke accommodations for travelers and, together with international design firm NK Design, launching several new hospitality-driven development projects in the Philadelphia area.

Core Development's Cricket Flats is a Gold winner of the National Association of Home Builders "Best in American Living" awards. Now in its 38th year, the Best in American Living awards exemplify the best in national design trends.

Cricket Flats acknowledged as “exceptional infill project” by Montgomery County Planning Commission and recognized for “transit-oriented development concept, context-sensitive design, and collaborative public process.”

Cricket Flats and Shops Recognized with Two Prestigious Awards in 2021, the Montgomery Award and the Best in American Living Award.

Core Development offers alternative strategies for property owners, investors and businesses to avoid significant tax implications while realizing attractive economic returns.

By incorporating ultra high-end “super luxury units” into the offering at Cricket Flats in downtown Ardmore, Core Development was able to capture a need for high-end, walkable residences and increase investment returns.

George Kyrtsis, who brings an impressive background in international real estate and hospitality, has joined Core Development as a partner.  He works with Core on all facets of development, including acquisition, financing and project management.

Construction began on Core Development’s latest project in University City, the transformation of several historic row homes into 17 high-end residences adjacent to the University of Pennsylvania’s campus.

Partners Peter Spaz and Peter Spain were interviewed by Natalie Kostelni for the Philadelphia Business Journal to discuss Cricket Flats’ strong lease-up numbers despite uncertain economic conditions in 2020 due to the pandemic.