Blue Bell-based Goldenberg Group has broken ground
on a 984-bed student-housing development near the Temple University
campus at 12th Street and Cecil B. Moore Avenue.
The $199 million project will include 30,000 square
feet of ground-level retail, restaurant and commercial space opening to
a plaza with seating, green space, and activity areas, Goldenberg said
in a release Wednesday.
The 470,000-square-foot, privately run complex is
to join the company’s three-year-old View at Montgomery student-housing
tower on a 4.6-acre site between 11th and 12th Streets, where John
Wanamaker High School previously stood.
The complex, scheduled for completion in summer of
2019, is being financed through a $163 million loan from Goldman Sachs
& Co.’s merchant banking division, Goldenberg said.
Source: Philly.com
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