Paseo Verde; Transit Oriented Affordable Housing

The Associación de Puertorriqueños en Marcha (APM) has partnered with the Jonathan Rose Companies, of New York, and Wallce, Roberts and Todd to develop Paseo Verde.  Meaning "green way" in Spanish, Paseo Verde is to be major new mixed-use development at 9th and Berks, in Lower North Philadelphia with slated completion for summer 2013.  The 1.9-acre brownfield site will be replaced with a 120 Transit Village Residences for low and moderate income families, 67 market-rate and 53 affordable housing one, two and three-bedroom apartments.  The mix use will also include about 30k sqft of commercial space, which includes a health center operated by Public Health Management Corporation and new headquarters for (APM). The remainder of the commercial space will be used as a community center for residents to congregate, host meetings, and access technological resources.

The Jonathan Rose Company, principal in Paseo Verde, was also principal in the Bronx's Via Verde which opened last year in September 2011. Via Verde has set a new standard for green, high-density, urban affordable housing. Unlike Via Verde, Paseo Verde is transit-oriented, position directly adjacent to the Temple regional rail train station.  The future project will link residents, workers and students to one of the busiest transit stations outside of Center City, and represent the culmination of a decade-long planning effort by APM to revitalize the surrounding neighborhood and successfully reintegrate the local community into both the neighboring Temple University campus, and the broader urban fabric beyond.  The project is designed to attain the highest levels of LEED for Homes and LEED for Neighborhood Development certification.

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