Posted Jul 18, 2023, 3:35 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,462
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1,000+ Beds for Two North Broad Projects Near Temple
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We start along N. Broad St., where the Philadelphia Business Journal recently reported that Temple is leasing the properties at 1518-26 N. Broad St. to a private developer. While details are still scant, this will be a 900-bed project from an unknown developer, slated to be wrapped up by Fall 2026. The site today is a collection grassy lots just to the north of the glorious-but-vacant Burk Mansion, which is also owned by Temple, and an empty surface lot. These would be market rate apartments and not technically affiliated with the university. It’s also worth noting that there was a collection of one to four story buildings located here until about a decade ago, when they all met the wrecking ball. Needless to say, this project will represent a big step up in terms of density and utilization of well located real estate.
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In equally exciting news, there is yet another proposal just a block to the north at 1406 Cecil B. Moore Ave., wedged in between the Shops at Avenue North to the east and The Edge student apartments to the west. This one is also a bit of a mystery, as the long, skinny property (also owned by Temple) is going to the ZBA this Wednesday, with plans to unify the property. If that doesn’t sound too exciting, this might: this would result in a 245-unit apartment with ground floor parking for 62 total spaces across the combined properties. Assuming even a paltry two beds per unit (Temple’s Morgan Hall across the street approaches four beds/unit, for context), this would add another 500 or so new residents to the middle of Temple’s campus.
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Read/view more here:
https://www.ocfrealty.com/naked-philly/t...or-two-north-broad-projects-near-temple/
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