A new apartment tower will rise at 38th and Chestnut Streets, developed by Radnor Property Group. Radnor Property is purchasing the neighboring properties from the Episcopal Cathedral to build the apartment tower. The purchase will also provide revenue to renovate the existing church building and fund the church's community programs.
Designed by BLT Architects, the 25 storey building will have 280 rental apartment units with retail at street level along both Chestnut and 38th Streets. There will be a church community center and school, attached to the original church structure, and a day care center in the basement. The developer are planning to break ground in September with an anticipate 2015 occupancy date. The new tower will appeal to University City Science Center workers as well, as Drexel and Penn Students and Center City workers.
This investment seems to be a wonderful one..Hope this proves to be a major success.
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