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Old Posted Aug 11, 2025, 12:58 PM
PHLtoNYC PHLtoNYC is offline
Chris
 
Join Date: Aug 2020
Location: Earth
Posts: 2,595
Some good news. Though I couldn't find much on "Zoria Housing".

Vacant apartment tower across from Monk’s Cafe has been sold to a New York developer
https://www.inquirer.com/real-estate/com...ng-rittenhouse-square-sold-20250811.html

After years of decay, a vacant graffiti-covered apartment tower near Rittenhouse Square is finally in the hands of a new owner, New York-based Zoria Housing.

The 17-story property at the corner of 16th and Spruce Streets has been vacant for more than five years, owing to a failed redevelopment project by Main Line-based real estate investor Dovid Daniel.

Zoria Housing did not respond to requests for comment, but the company has retained the building’s previous project architect Stuart Rosenberg of the firm SgRA. He says the company hopes to complete the project in 12 to 18 months.

But Goldstein quickly flipped the property to Zoria Housing. Several Philadelphia-based developers had considered redeveloping the property over the years, but the financials of the historic property are difficult after its long vacancy, the city’s recent multifamily glut, and the relatively small size of the 60-unit tower.
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