Project Overview
Philadelphia Energy Authority, Twain Financial Partners, and SHIFT Capital closed on Pennsylvania’s first project funded with Commercial Property-Assessed Clean Energy (C-PACE) capital.
SHIFT Capital borrowed $1,500,000 in C-PACE financing for energy conservation and water efficiency upgrades to J-centrel, a mixed-use development in the Kensington-Harrowgate neighborhood of Philadelphia.
J-centrel involved complete adaptive reuse and renovation of two existing industrial structures that previously housed a textile mill and furniture store. The renovation turned these buildings into modern live-work-retail spaces designed to fit the fabric of the neighborhood and foster local entrepreneurship.
$1.5 million
$20,548
Annual energy savings
14 Mt
Annual avoided carbon emissions
Project Details
The redeveloped J-centrel features 116 converted loft-style residential apartments alongside 30,000 square feet of ground-floor commercial space. C-PACE financing was used specifically to fund energy efficiency measures within the property’s commercial spaces. C-PACE funds covered the following building improvements:
- LED lighting
- Window replacements with insulation and low-e glazing
- Energy recovery units
- Variable refrigerant flow heat pumps
- Low-flow plumbing fixtures