Tuesday, April 21, 2015

Vacant Manayunk station tapped for 'crowdfunding'

By D.C.-based Fundrise LLC

Vacant Manayunk station tapped for 'crowdfunding'

Fundrise LLC, a Washington, DC firm that says it "crowdfunds" real estate investments -- which is to say, hits them up for old-fashioned small investments using that newfangled online media -- says it's turning the long-vacant 7,500 sq ft former trolley electrical transfer station at Manayunk's busiest Main Street crossing, 114 Green Lane in Philadelphia's Manayunk neighborhood, into "the Transfer Station," which Fundrise's Benjamin Miller says will be a "community-oriented coworking, retail, education and event space," backed by an outfit called Shift Capital. A little more information here. 

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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