Posted Feb 24, 2026, 2:48 PM
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Join Date: Sep 2018
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Pennsport apartment tower secures $150 million construction loan, plans to break ground next year
Quote:
A 36-story apartment tower planned for 1341 S. Christopher Columbus Blvd. in South Philadelphia has secured a $150 million senior construction loan, New York-based developer Brevet Capital announced Tuesday.
Construction on the project Brevet Capital calls “Wharton Piers” is anticipated to last two years, finishing in the first quarter of 2029.
At a meeting of the Pennsport Civic Association in October, Brevet Capital representatives said that the company hoped to develop two further residential towers on the site, which sits between the Delaware River and the neighborhood. Future high-rises may be taller than the 380-foot tower financed by Banco Inbursa.
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