Despite the pandemic, Rubenstein Partners is moving forward with its planned $50 million upgrades to the complex previously known as the Chesterbrook Corporate Center that it bought last year for $148.5 million, writes Natalie Kostelni for the Philadelphia Business Journal.

Chesterbrook, as the Philadelphia-based real estate company has now branded the complex, currently has five out of its 14 buildings under some stage of construction. Rubenstein is also planning to begin work on three other buildings.

Interior renovations will include upgrades to lobbies, common areas, and HVAC systems. The company will also incorporate more touchless technology. Meanwhile, the exterior renovations will include façade improvements to several entrances.

The centerpiece of the renovation plans is converting a vacant, two-story building into an amenity hub. The 40,000-square-foot building will be completely renovated and reimagined with food, fitness, and conference space on the first floor and flexible office space on the second.

“We’re pushing ahead full steam here,” said Lou Merlini, vice president of asset management at Rubenstein. “When the market gets uncertain, some people pull back on their plans. We believe in having the best product coming out of a period of uncertainty.”

Read more about Chesterbrook in the Philadelphia Business Journal here.

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