We have partnered with Hines and ASB to create a project that will contribute to the unique vibrancy of the neighborhood,” said Ken Goldenberg, founder, president & CEO of The Goldenberg Group. “This development is an exciting one for us because Midtown Village is a diverse, expanding neighborhood in a high-density, highly amenitized area. The building is located in the Midtown Village neighborhood of Center City’s Washington Square West submarket and is often referred to as “Fergie’s Tower” after the well-known bar on Sansom Street that the property will surround upon completion.
Upon completion, 1213 Walnut will be a 26-story, 300,000-square-foot residential tower with 322 luxury apartments. The article added that the development will be targeted toward Millennials and empty nesters-two demographics that have driven much of the new development in the city. Rendering of 1213 Walnut in PhiladelphiaĬonstruction on the project, which represents the first venture by the partnership, began in October 2015 and a groundbreaking ceremony was recently held at the beginning of December, according to Philadelphia magazine. The project utilized a combination of public financing sources from Federal, State, and City sources, including PHFA Low Income Housing Tax Credits, Federal Home Loan Bank AHP program, Office of Housing and Community Development (OHCD) Housing Trust Fund Program, and New Market Tax Credits.Philadelphia- The Goldenberg Group of Philadelphia, international real estate firm Hines, and ASB Real Estate Investments, have partnered to construct a new Class-A residential high-rise at 1213 Walnut St. 67 parking spaces will accommodate the residential portion of the development to encourage the use of public transportation. The building also includes approximately 30,000 square feet of ground floor retail and community service space, which will include a primary care facility operated by Public Health Management Corporation, a pharmacy, and supportive services provided by Asociación Puertorriqueños en Marcha.
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The apartments will open on to a series of landscaped terraces and green roofs for residents to enjoy. The 206,000 square foot building consists of 120 rental units that include a mix of one-, two-, and three-bedroom apartments with a range of tenant amenities. Paseo Verde has achieved LEED Platinum certification under LEED for Neighborhood Development (LEED ND) it is the first LEED ND project in the country to achieve a Platinum rating. The building will be constructed with an environmentally responsible design that includes: an energy efficient building envelope and MEP systems a green roof photovoltaic solar panels and the use of local, recyclable, and renewable materials. The goal of the project was to provide a healthy living environment for residents through sustainable practices as well as cost savings through effective reduction in water and energy use. The proposed development will be a sustainable, mixed-use rental housing project for low and moderate income families that will benefit from access to the transit station, Temple University, and on-site community services.
Jonathan Rose Companies and Asociacíon Puertorriqueños en Marcha (APM) were selected by the City of Philadelphia to develop a 1.9 acre parcel of land adjacent to the Temple University Train Station, the fourth busiest stop in the regional transit system.
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