Coatesville 2nd Century Alliance Honors Mark Lane Properties President, Mark Sherman
Downtown Coatesville | November 17th, 2021
Coatesville 2nd Century Alliance held their annual Partner Appreciation event yesterday evening at Midway Arches.
The Coatesville 2nd Century Alliance and the Chester County Industrial Development Authority proudly honored the memory of Tammy Miles with the inaugural Tammy Cansler-Miles Excellence in Economic Development Award!
Awarded to Mark Sherman, President, MarkLane Properties, LLC
The award is bestowed upon an individual, agency, or company that has demonstrated a dedication to economic growth in the City of Coatesville through catalytic real estate development, effective programmatic enhancements, and/or inspiring social impact.
Congratulations to Mark and his entire team at Midway Arts.
Midway Arts Celebrates Success
By Western Chester County Chamber of Commerce, Western Chester County Life Magazine, April 22, 2020
“Coatesville building restoration paying off for developer, businesses”
Midway arts attracting eclectic group of artists and others
By Western Chester County Chamber of Commerce, Western Chester County Life Magazine, Feb 10, 2020
Developer purchases former Lipkins warehouse in Coatesville
By Digital First Media Jan 24, 2019
COATESVILLE—Mark Lane Properties has closed on the former Lipkins warehouse at 139 East Chestnut Street in downtown Coatesville. The five-story former warehouse, originally built in 1909, is located in the first block of East Chestnut Street between First and Second Avenues.
With more than 68,000 square feet it’s one of the largest and tallest buildings in the city.
Well-known for their successful projects in the University City, East Falls and Nicetown sections of Philadelphia, developers Mark Sherman and Lane Udis see plenty of opportunity in the City of Coatesville. The team is well-versed in industrial reuse projects such as the former Lipkins warehouse and is ultimately excited to be a small piece of the continuing revitalization efforts taking place in downtown Coatesville.
“One of the first things that struck us in our initial talks with community members was the immediate approval and eagerness they held for change in their city”, said Lane Udis, “Mark and I are happy to say that we are not here to sit and wait, we are here to act now.”
Keeping their word, Mark Lane Properties began their rehabilitation efforts within days of closing. Internal painting, installation of new windows and a roofing project have already begun while the partners are working just as hard to preserve the history of the building.
The goal for the building, dubbed Midway Arts, is to make a space for the creative class to come together to collaborate, build upon their knowledge and grow their trade. The partners hope to bring numerous work and art forms together through their creation of artist, office, and production space. They plan to further facilitate this by considering specialty build outs to make each space unique to its occupant.
“The building caught our attention.” says Mark Sherman, “and we hope it draws the same attention from the community as the beautification process continues in the next few months”.
Sherman said further that they will begin marketing the property to potential tenants by this coming spring and encourages anyone with interest to contact him directly.
Mark Lane Properties is a Philadelphia based real estate development firm located at 3502 Scotts Lane in Philadelphia. They can be reached by phone at (215) 669-6847 or by email at marklane@marklaneproperties.com
“The purchase of this anchor building in downtown Coatesville is just one of the numerous projects currently in process in Coatesville’s commercial corridor,” states Sonia Huntzinger, Executive Director of the Coatesville 2nd Century Alliance, the City’s partner in community and economic development.
“This year will bring a number of significant changes to downtown Coatesville with the intersection at First Avenue and Lincoln Highway undergoing realignment, new streetscape on 4th Avenue, and various other improvements, the rehabilitation of the Lipkins warehouse to a vibrant Midway Arts will help to launch the City’s downtown revitalization efforts.”
The Coatesville 2nd Century Alliance was formed in 2015 when the City of Coatesville, celebrated its 100th anniversary as an incorporated, third-class city. It is comprised of community stakeholders that represent the City, the County, and for-profit and non-profit companies and organizations, all working together to ensure Coatesville’s next 100 years are economically sound and prosperous.