LPMG was formed in 1999, with the driving philosophy of "Morality Based Capitalism". LPMG serves to offer transforming communities opportunities in commercial and residential development, ultimately resulting in better job opportunities, housing markets, and an overall better quality of life standard. Through various smart, strategic investments, LPMG lit a development spark that has turned once-moribund areas of the city into quickly-growing communities.
Our Founder, John Longacre has a reputation of turning dilapidated homes and businesses into thriving neighborhood establishments, offering transformation at a more rapid speed than traditional Philadelphia communities. LPMG's ongoing success has been highlighted in CNN Money "How Entrepreneurs Create Hot Spots", where Longacre's vision was sited as a driving force behind Newbold, South Philadelphia's transformation. In Philadelphia Business Journal's "Longacre Tapped into a Neighborhood Revival". LPMG's ability to recognize profitable opportunity where others overlooked was highlighted as a major factor for Newbold's success. Zillow.com even named the 19145 zip code the second fastest growing area of the United States, where many of LPMG's investments were sited as a direct cause for high returns on residential property purchases.
Our Projects display a higher understanding of how investment affects the lives of every community member; from employment to simply just gaining equity on their home. Our continued dedication to transforming Philadelphia neighborhoods for the betterment of the entire City is something LPMG takes pride in. Visit our News Page to stay updated about upcoming Projects in Point Breeze, and other progressively changing communities.
CNN Money "How Entrepreneurs Create Hot Spots"
Philadelphia Business Journal "Longacre Tapped into a Neighborhood Revival"
Philadelphia Inquirer "South Philly Taproom....Revitalization of Newbold"