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3737 Chestnut in University City.
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Radnor Property Group will top off 3737 Chestnut, a
25-story residential building it is constructing in University City.
A ceremony is scheduled for next Wednesday to mark the
construction milestone. The $110 million project was originally known as
38Chestnut for its location at 38th and Chestnut streets, though the name was
reportedly changed to make its location even more specific and apparent.
The project is being developed by Radnor Property Group.
It consists of a 287,000-square-foot residential tower that will have 276
market-rate apartments that will cater to graduate students and professionals.
It sits a block away from the University of Pennsylvania's campus.
The development will also include 30,000 square feet of
commercial space in which half will be occupied as new offices for the
Philadelphia Episcopal Cathedral and diocese. The other half would be a
childcare center. A community center and improving the cathedral is also part
of the plans.
The residential tower is scheduled to be completed by
this summer.
Source: Philadelphia
Business Journal
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