Real estate developer wins economic development award in Coatesville – Daily Local

COATESVILLE — The Coatesville 2nd Century Alliance and the Chester County Industrial Development Authority presented the first Tammy Cansler-Miles Award for Excellence in Economic and Community Development to Mark Sherman of MarkLane Properties LLC at the Partner Appreciation Event of the ‘Alliance on Thursday, November 16.

Tamara Cansler-Miles passed away in May of this year. A longtime board member of the Chester County Industrial Development Authority (CCIDA) and a founding member of the 2nd Century Alliance, the two organizations came together and created the award to honor his memory and celebrate his legacy in the community. of Coatesville. The award recognizes an individual, agency or business that has demonstrated a dedication to the economic growth of the City of Coatesville through catalytic real estate development, effective programmatic improvements and / or impact inspiring social.

A real estate developer and strong advocate for the community, Cansler-Miles founded Cansler Investment Group in 1985 and has developed a successful real estate development business that combines economic and community development. She leaves a legacy of high quality real estate development that included social support for low to moderate income seniors. Its impact on the Coatesville community includes the construction of over 100 new senior housing units, an achievement that was recognized by the Huston Foundation with the Rebecca Lukens Award.

Dan Miles, Cansler-Miles’ husband, attended the event to dedicate the inaugural award. “Tammy loved Coatesville. I always saw a sparkle in her eyes when she spoke of the City, ”notes Miles. “I am very happy that this award honors his memory for years to come. “

The 2nd Century Alliance and the CCIDA Boards of Directors reviewed many nominees and unanimously selected Mark Sherman of MarkLane Properties LLC as the first award recipient.

Sherman, director of MarkLane Properties, LLC, and renowned Philadelphia real estate developer, purchased 139 East Chestnut Street, Lipkin’s Furniture’s former warehouse in downtown Coatesville, with the goal of filling it with small local businesses. By rehabilitating the building floor by floor, he is setting up small, affordable spaces to accommodate the City’s entrepreneurs. Since the property closed at the end of 2019, the building has become fully occupied and now has a waiting list of more than a dozen businesses.

Additionally, MarkLane Properties, LLC purchased the old Record Newspaper building at 204-206 East Lincoln Highway. The building is under construction with plans for a restaurant and ax throwing location slated to open in spring 2022.

Prior to investing in Coatesville, Mark developed Sherman Mills in the East Falls neighborhood of Philadelphia. The mixed-use community comprises 136,000 square feet of residential lofts, office space and unique event venues, and is dedicated to supporting the community, healthy living, entrepreneurs and the classroom. creative.

In addition, Mark co-owns and operates two successful restaurants in Philadelphia; Foghorn, opened in 2016 and In Riva opened in 2012.

Winner of the first ever Tammy Cansler-Miles Excellence in Economic and Community Development Award, Mark had a unique vision for downtown Coatesville from the start, rehabilitating two long-vacant buildings and creating an enabling environment for entrepreneurs. and small businesses to grow and prosper in the City.

“I couldn’t be more honored to receive this award,” Sherman notes. “Our team here in Coatesville is thrilled to be a part of the revitalization here and I feel privileged to be recognized for our work.”

In addition to the prize, CCIDA has pledged $ 500 to the charity of its choice. Susan Springsteen, Vice President of CCIDA, was on hand to present a check to St. Jude Children’s Research Hospital on behalf of Sherman.

The Chester County Industrial Development Authority was established by the County of Chester as an industrial development authority in 1969 under the Pennsylvania Economic Development Finance Act to achieve economic development goals of reduce unemployment, maintain high employment and provide funding for Section 501 (c) (3) facilities, manufacturing companies, exempt facilities and new farmers.

The 2nd Century Alliance was founded in 2015 when the city celebrated 100 years of incorporation to ensure that Coatesville’s “second century” is economically prosperous. A public / private partnership, the organization’s mission is to promote the economic development of the city of Coatesville, which allows the community to prosper.

Each year around the Thanksgiving holiday, the Alliance hosts a Partner Appreciation Event to celebrate all of the agencies and organizations working together to improve the economy and quality of life in Coatesville. This year’s event took place on November 16 at Midway Arches, formerly St. Cecilia’s Church at 600 East Chestnut Street. Over 100 community partners participated.

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