Full Court Development is a fully integrated development firm based in the community and has been in operations since 2017. We provide services in property management, leasing, home buying and selling, and real estate development. As of 2019, we are a fully qualified Opportunity Zone Fund entity. We are privileged to be working in such a dynamic, creative, entrepreneurial city and are committed to being a positive contributor to the City of Brotherly love.
Our story begins in 2009 with two college freshman on the University of Pennsylvania Men’s Basketball Team. Aron Cohen, Philadelphia, PA and Cameron Lewis, Washington, DC, little did they know their time at UPenn would turn into the formation of a successful integrated investment/development firm. Aron after some time working in the Philadelphia Public School system decided to team up with his brother Byran Cohen and give the rehab game a full go.
In 2017, Aron reconnected with his old teammate, Cameron Lewis, who had been very successful on Wall Street, to scale the business and add some additional partners, Jason Roche, to deliver on the promise of “rebuilding the community one brick at a time.” In addition, after some failed attempts with general contractors, they were able to secure a Philadelphia legend, Gregory Latini, and his army of qualified contractors. In 2019, Cameron Lewis’s brother Aaron Lewis joined to drive the vision for the QOZ fund. In additional to our partners, managers and construction team, we are supported by leasing agents lead by Bryan Cohen and Kevin Burwell. We are a committed, successful group of professionals looking to grow with the community around us and deliver returns at every step of the development process.
We strive to be engaged in development projects across the entire City of Philadelphia, but West Philadelphia and Brewerytown are our keystone opportunity areas. We strive for in-fill urban development providing the highest level of neighborhood density possible. Our projects provide quality homes at an affordable price-point and act as a catalyst for sustainable neighborhood-redevelopment. We aim to deliver a product that is the correct fit for the community as well as our partners whether they be institutions or individual investors, owners or tenants.
We got out start in West Philadelphia and are actively working Brewerytown two distinct Philadelphia neighborhoods that experience rapid change and reinvestment and repopulation. Similar to most in-fill developers, we like to be in neighborhoods that have a strong home base, active cultural institutions and good access to public transit. Both neighborhoods have historic homes that are prime for redevelopment. West Philadelphia is home to world class universities and cultural institutions, while Brwerytown is a stones throw away from the Art Museum District and the newly emerging 31st street tech corridor, flanked by the coworking operator 1776 Philadelphia.
On May 2nd 2018, Forbes Published an article titled, “How Fishtown, Philadelphia Became America’s Hottest New Neighborhood”, chronicling the unprecedented growth and revitalization of a once less than desirable area of the city. The article continues to state, “Today, the El is held up by local politicians, developers, and the media as the foundation of Philadelphia’s new model for Transit Oriented Development. It’s also magnetizing a new generation of Millennials, Baby Boomers, and young professionals who are summarily rejecting suburbia, car culture, and food deserts in favor of independently-owned retailers, farm-to-table restaurants, and the new self-supporting micro-economy to move back downtown again.” We believe that these principles are universal across the city and can be integrated seamlessly into the foundation of existing neighborhoods. The old and the new, the young and the old, traditional and cutting edge can blend together seamlessly.
In addition, as of 2019, we are a Qualified Opportunity Zone (QOZ) entity that is looking to match capital with returns in traditionally underinvested neighborhoods/projects. We are fortunate enough to have already been active in what are now considered “Opportunity Zones” neighborhoods like Brewerytown and West Philadelphia. The OZ provide a tax incentive for investor to re-invest their unrealized capital gains (via the sale of real estate, stock, a business, etc) into real estate projects that meet certain criteria. The key is that the capital must be invested for 10 years in order to realize those gains and when it comes to “emerging” neighborhoods patience is key. More directly, because their is the attractive tax benefit, the investor can earn a lower return on their investment then they would typically require without the OZ status.
“We get up each day with a desire to deliver the best for our stakeholders and the communities in which we work.”