Realen Properties is proposing to construct the second phase of Edgewater, a multifamily complex at 23rd and Race streets in Philadelphia.
Realen’s plans would entail constructing a 22-story building on an existing surface parking lot at the ramp off 23rd Street. The tower will have 240 apartments. As with the first phase of Edgewater, Realen’s finance partner will be Northwest Mutual Life. The cost of the project hasn’t been finalized.
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