PARKING TODAY NEWS from Page 12


Ampco System Parking has been awarded a


multiyear contract to manage parking operations at North Carolina’s Raleigh-Durham International Airport (RDU). Under the terms of the three-year staffing agreement, the company will operate and oversee RDU’s approximately 18,000 parking spaces, as well as nine shuttle buses to and from remote parking facilities.About 50Ampco employ- ees will be engaged in providing parking services at the airport. RDU handled about 9 million passen- gers in 2009. John E. Barrett, P.E., S.E.,Vice Chairman of


engineering consulting firm Bowman, Barrett & Associates, was honored with the John F. Parmer Award from the Structural EngineersAssociation of Illinois. The award was presented at its annual Excellence in Structural EngineeringAwards ban- quet June 5 in Chicago. The award recognizes a structural engineer whose distinguished career is acknowledged by peers as an example of excellence.


PT


Parkway Unit Finalizes Purchase of Philly Residential Tower


Parkway Commercial Properties, the real estate armof Parkway Corp.,


has completed the purchase of the 11-story, 40-unitAmerican Loft building in the Center City Philadelphia neighborhood of Northern Liberties. It was completed two years ago by another developer, who marketed it


for luxury condominiumliving but ran into difficulty as a result of the reces- sion. Parkway will convert the loft-style building into rentals, with sweep- ing views from decks overlooking the Delaware River on the east and the Center City skyline on the west. Rising 119 feet above NorthAmerican Street,American Loft is now


positioned as “one of the premier apartment towers in Northern Liberties,” the company says. Buying the building at this time, it adds, “coincides with the approximately billion dollars’worth of retail, entertainment and casino investment taking place only blocks away.” The family-owned Parkway Corp., best known for being an industry


leader in parking management and development, says it also has a growing reputation for successfully completing residential developments, including most recently 1706 Rittenhouse Square Street in Philadelphia’s Rittenhouse Square neighborhood. Supporting Parkway in the acquisition, a press release says, areAbing-


ton Bank, which supplied the financing, and the Conway Team from Pru- dentialRealtors,which has started renting one, two and three-bedroomunits in the building.


                


                   


   16 SEPTEMBER 2010 • PARKING TODAY • www.parkingtoday.com


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