Carpenter Square

Goldenberg Group of Blue Bell was selected by the Philadelphia Redevelopment Authority to transform a vacant parcel at 1001-1035 S 17th St. into a $6.38 million sustainable, mixed-use development.  The authority voted last week to have the developer, going under the name Graduate Partners LP, to do the project which will be called Carpenter Square.  The development will include 11 townhomes, six condominiums and 2,000 square feet of commercial space as well as 1,000 square feet of open space and off-street parking.

The Graduate Hospital area has increasingly been viewed as a desirable area to live in Philadelphia.  With Toll Brothers continuing to expand and build in the neighborhood, this development will be a welcomed edition adding valuable real estate.  The redevelopment authority intends to convey the property to the developer in the summer, after which the developer will have 24 months to complete construction.