Goldenberg Builds Student Housing on Former Wanamaker School Site
Doing business in the Delaware Valley? Don't miss RealShare Philadelphia where you can get accurate intelligence and meet the commercial real estate elite. Register today and join us on February 10 at the Union League of Philadelphia.
PHILADELPHIA—After more than a year in the planning stages, ground has broken on a $100-million student housing community on the site of the former John Wanamaker School here. Being built by the Goldenberg Group with partner Bridge of Hope Community Development Corp., the 320,000-square-foot project will serve students attending the nearby Temple University.
The Blue Bell, PA-based firm had originally planned to build a large multi-phase, mixed-use development on the 4.6-acre site in partnership with Bright Hope Baptist Church. Former plans, according to nakedphilly.com, called for the project to incorporate parts of the existing school building into its design, and include a Green Construction Training Center, an Arts & Education Forum, a charter school, student housing and public space.
Goldenberg Group’s new plans, however, call for a smaller project of 320,000 square feet in 14 stories, with 832 beds in 238 units, and 11,000 square feet of retail space on the ground floor. It will offer residents a fitness center, computer lab and laundry facilities on each floor.
Delivery of the new project, to be managed by Asset Campus Housing, is slated for the fall of 2014. Interestingly, the community only takes up about half of the overall site, leaving room for future development.
Meet the dealmakers in CRE. Join RealShare Conferences to hear from prominent speakers and meet the commercial real estate elite. Check out the schedule of events!
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.