FirstService Residential Expands Presence in Philadelphia, Welcomes Back The Grandview Condominium Unit Owners Association

FirstService Residential regains management of The Grandview in Philadelphia, replacing the community’s self-management model with full-service support and expertise.

Rhea-AI Summary

FirstService Residential (FSV) has been reselected to provide full-service property management for The Grandview Condominium Unit Owners Association in Philadelphia, restoring the community to its management portfolio.

The Grandview is a 16-story Art Deco landmark in the city’s Chinatown neighborhood, offering amenities such as a fitness center, yoga studio, meditation room, outdoor garden, dog run, and community room with kitchen. The board moved away from a self-management model to gain comprehensive operational support, industry expertise, and access to a broad resource network, including leadership for large-scale, complex construction projects within the condominium community.

Market Context

The Aug 20 Riviera Towers management announcement was followed by a 2.05% decline in FSV over 24 hou...

Analysis

The Aug 20 Riviera Towers management announcement was followed by a 2.05% decline in FSV over 24 hours; that prior observation provided context for this similar contract win without establishing causation.

Historical Context

3 past events · Latest: Aug 20

3 events

1. Aug 20

   Riviera management contract

   24h Move

   -2.0%

   Selected to provide full-service property management for Riviera Towers

2. Aug 13

   Sonata management contract

   24h Move

   -0.9%

   Selected to provide full-service property management for The Sonata Condominium

3. Sep 09

   Villas management contract

   24h Move

   -0.7%

   Selected to provide full-service property management for Villas at Hunton Park

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PHILADELPHIA, Sept. 10, 2026 /PRNewswire/ -- FirstService Residential, North America's leading residential community management company, is pleased to announce that it has once again been selected to provide full-service property management for The Grandview Condominium Unit Owners Association in Philadelphia, Pennsylvania.

"We are delighted to welcome The Grandview back to the FirstService Residential family," said Michael Mendillo, President, East Region, FirstService Residential. "Our team is already working closely with the board to support its goals, provide strategic guidance, and deliver the resources and expertise needed to help the community thrive long into the future."

Located in Philadelphia's vibrant Chinatown neighborhood, The Grandview is a distinctive 16-story Art Deco landmark that was originally completed in 1935. Renowned for its striking architectural design, ornate detailing, and historic character, the building seamlessly blends timeless elegance with modern urban living. Residents enjoy a wide range of amenities, including a state-of-the-art fitness center, yoga studio, meditation room, outdoor garden, dog run, and a spacious community room with kitchen facilities that serves as a hub for social gatherings and community events.

"The Grandview is a tremendous community with a rich history and a strong commitment to its residents," said Arthur Bartikofsky, Senior Vice President, FirstService Residential.

"After operating under a self-management model, the board recognized the value of partnering with an experienced management company that can provide comprehensive operational support, industry expertise, and access to a broad network of resources, said Andrew Sytnik, Vice President, High-Rise, Pennsylvania. "We are excited to support the community's continued success."

"We recognized the need for a management partner with proven expertise in overseeing large-scale, complex construction projects within condominium communities," said Edmund Aristone, President of The Grandview Board of Directors. "We are confident that, under the leadership of FirstService Residential's Bob Bender and with the support of FirstService Residential's extensive resources, operational expertise, and dedicated on-site team, our community will be well positioned to achieve its long-term goals while enhancing the quality of life for our residents."

As the leading residential community management company in North America, FirstService Residential partners with boards, owners, and residents to protect and enhance property values, elevate the resident experience, and deliver tailored management solutions that address the unique needs and goals of every community it serves.

~ www.fsresidential.com~

About FirstService Residential

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.

Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.

Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.

FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.

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SOURCE FirstService Residential