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.

Core Development announces the official opening of Cricket Flats & Shops, a 77-unit luxury apartment building with 10,000 square feet of new retail space in downtown Ardmore.