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A big Philly apartment landlord is pursuing a new project despite coronavirus upheaval

PMC Property Group is planning another apartment building beside its River Walk high-rise complex under construction along the Schuylkill waterfront, a sign that it is is shrugging off fears of a sustained impact from the coronavirus on Philadelphia’s rental market.

The developer, among the city’s biggest residential landlords, was granted a zoning permit last week for a 115-unit, 45-foot-high building on the northeast corner of 23rd and Cherry Streets, currently a public parking lot, according to records from the Department of Licenses and Inspections.

PMC is relying on zoning bonuses for including a “green” roof with plants, and for reserving some apartments for low-income renters, to reach its unit count and height at the 139 N. 23rd St. project, according to L&I. The plan also includes 46 parking spaces, most of them in an underground garage.

Read more here:
https://www.inquirer.com/news/pmc-ap...-20200519.html