The AF Bornot DyeWorks is located at 1626-1644 Fairmount Avenue and 16151635 Melon Street in the Fairmount/Art Museum neighborhood. Originally constructed in 1901, AF Bornot served as a headquarters for the AF Bornot Dye Works Company. In July 2014, MMPartners acquired the AF Bornot in an off-market transaction utilizing federal and state historic tax credits and low interest secondary financing from PIDC.
MMPartners completed construction June 2016 and plan to refinance the asset January 2017. The AF Bornot is a 17-unit mixed-use multifamily loft building with 13,500 SF of commercial space, 18 indoor private parking spaces. AF Bornot’s retail componentis anchored by Univest Bank and Anytime Fitness. Other retail occupants are Yoga Habit, a hot yoga studio and Division IV, an urban living home goods store.
COMPLETED: 2016 RESIDENTIAL: 17 Lofts, 2 Loft homes
RETAIL: 13,500 SF
PARKING: 18 Spaces
AMENITIES: 24/7 Fitness Facility, Hot Yoga Studio, Private Parking, Private Storage
REFINANCE: November 2016