Aquinas Realty Partners is scheduled to have an official
ground breaking next week on a new 12-story apartment building at 2021 Chestnut
St. in Center City.
The Philadelphia developer is scheduled to break ground
April 9 on the building that will have 110 units and street level retail space.
As with many of the other newly constructed apartment complexes, the property
will have a series of amenities including a fitness center, dog wash, roof deck
with hot tub, fire pits, among other services. BLT Architects designed the
building.
The redevelopment authority sent out a request for proposals
on the property, which is the site of an old YWCA.
On that same part of Chestnut Street, the Philadelphia
Housing Authority sought out ideas for the potential redevelopment of three
prime properties at 2012, 2014 and 2016 Chestnut St. It issued a request for
proposals in December and declined to disclose who submitted proposals by its
Feb. 7 deadline. However, based on its previously released schedule, a
developer should be picked sometime next month.
One property, 2012 Chestnut St., once served as the agency’s
executive offices and housed some of its other departments. PHA moved in the
late 2000s and the building has been vacant ever since. The other two
properties, 2014 and 2016 Chestnut, had been used for parking. They are also
vacant.
While PHA didn’t say what uses it envisions for the
properties, it believes a redevelopment may involve mixed-use, office,
commercial or residential. PHA would continue to own the properties and arrange
a ground lease with the selected developer.
Source: Philadelphia
Business Journal
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