From Vision to Vitality…
The Conwell Inn and the Shops at Liacouras Walk
The Conwell Inn was established in September of 2001 as part of the Liacouras Walk Redevelopment Project. In the center of Temple’s Campus, lay two derelict, uninhabitable rows of townhouses, a blight on the campus of this great university. Many Temple students chose to live in other areas rather than in the crime-ridden neighborhoods surrounding the “island” that was Temple. In 2000, Teres Holdings saw the potential of the future prosperity in this campus and entered into a 50-year ground lease with Temple University. The vision was to create a “campus main street” where people can gather, shop, and stay. These circa 1900 brick row houses turned into life amenity retail stores, campus offices, and a 22-room boutique hotel. Combined with the newly renovated pedestrian mall in the front, the Shops at Liacouras Walk immediately have become “the” main street of campus.
The Conwell Inn now operates as an essential element of Temple University’s day-to-day life. Housing guest lecturers, professors, interviewees, students and parents on a daily basis, the Conwell strives to create that “home away from home” feeling for all its guests. Having a management team with not only a Temple University education, but over 10 years of Temple University relations under their belt, the Conwell Inn is well equipped to handle all the needs of Temple University’s many guests.
About Teres Holdings…
Teres Holdings, LLC is a specialty real estate development firm with expertise in real estate development and project management, real estate finance, and accounting and financial control. With a vision of creating vibrant urban environments, Teres Holdings combines retail, hospitality, and residential/commercial uses into a single function design.
Teres Holdings seeks development opportunities in communities in and around "Anchor Institutions" - centers that drive economic activity by drawing significant population from higher income demographics into a trade area. In the past years, Teres has developed an investment strategy using urban academic campuses as the "Anchor Institution". Theses communities have typically experienced long periods of disinvestment, capital flight, and generally show signs of physical decline. The proximity of such, communities to an academic campus is the key ingredient in Teres' over-arching investment strategy, which is to match under-valued/under-utilized university-owned real estate with untapped high-value demographic - faculty, administrators and students.