April, 2013

AthenianRazak Featured in Real Estate Bisnow


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Read about AthenianRazak’s Multifamily Projects here:

AthenianRazak Multifamily Management

Alan Razak Visits Saudi Arabia to Teach Urban Land Institute Classes

In March 2013, AthenianRazak Principal Alan Razak visited Saudi Arabia for the second time this past year to teach a course for the Urban Land Institute (ULI).  As part of this most recent trip, Alan taught a three-day course to Kinan, a private Saudi real estate development company that is focused primarily on housing and retail development projects in several different cities in the KSA.  The class covered the fundamentals of real estate development including site selection, due diligence, market analysis, design and construction, finance and property management, among other topics.

As part of a previous trip with ULI in June 2012, Alan taught a course on managing design and construction from a developer’s point of view to Emaar, a Dubai-based private company that is leading the master-planning and development of King Abdullah Economic City (KAEC), an ambitious new city project in Rabigh, 100 km north of Jeddah.  KAEC is the largest and most diverse of four public/private new city projects being promoted by the Saudi government, encompassing massive amounts of new development on 173 square kilometers (66.8 sq mi) abutting the Red Sea. The KAEC project includes a port, industrial valley, educational zone, central business district with commercial, mixed-use, retail outlets and financial island, resorts and a residential area.  Alan’s course focused on construction development management in mature markets such as the U.S.

Alan is a sought-after thought leader in real estate and development management, teaching various courses for ULI both in the U.S. and abroad, including previous courses in Dubai.  He also consults on various types of real estate development projects.

Digital Realty to Host Open House at Data Center at 833 Chestnut Street

On April 11th from 11 am – 1 pm, Digital Realty will host an open house to invite guests to visit Philadelphia’s premier data center at 833 Chestnut Street.  The open house will feature a tour of the data center facilities, including the building’s co-location facility, and a lunch.

You can learn more about the data center at 833 Chestnut, managed by AthenianRazak, here.  The building features state-of-the-art data center design such as aisle containment systems for optimal operating environments and energy efficiency, and onsite support.  You can register here OR RSVP by emailing Mimi Nash, – attendees must be pre-registered.  We hope to see you there!

Bryn Mawr Film Institute Hosts Groundbreaking Ceremony for Final Phase of Construction

On March 13th, the Bryn Mawr Film Institute (BMFI) held a groundbreaking ceremony for the final phase of its development project.

In just eight years, BMFI has saved an architectural gem from destruction and transformed it into one of the nation’s top film institutions attracting filmmakers, patrons, and critics from around the world. They feature the best in internationally distributed first-run films along with independent, documentary, international, and repertory films and simulcast opera, concerts, ballet, and theater. These fine cinematic works are the nucleus around which the community development and educational programs revolve.  The existing facility is a 1926 movie theater which has undergone stabilization, restoration and renovation and is now ready for an expansion of two additional theaters – the focus for their final phase of development.

The construction, being overseen by AthenianRazak as Owner’s Representative, consists of a nearly 6,000 sq ft single story addition to the existing building as well as modifications to the existing restrooms and theaters.  The addition will include two new state of the art theaters with engineered acoustics and audio visual capabilities, featuring seating for 150 in each theater.  This phase of development will nearly double the facility’s capacity.  The existing facility will remain open during the construction. Once the new theaters are completed the two, old theaters will be completely renovated with new sprinklers, seats, restrooms, and improved access.

You can read more about BMFI and the construction project here or in an article from the Main Line Times about the groundbreaking ceremony.