Project Overview
Liberty Square Phase III is part of a multi-phase luxury community developed within the Philadelphia neighborhood of Northern Liberties. Managed by Palladium Group, the property encompasses 201 upscale apartments, ground-floor retail, an underground parking garage, and a private park-like plaza.
PEA, Nuveen Green Capital, and property owners TLSIC P3, LLC and Liberty Square P3, LLC closed in August 2023 on $7.5 million in C-PACE financing for Phase III of Liberty Square, located at 1214 & 1252 N. American Street. Liberty Square’s owners secured retroactive C-PACE capital from Nuveen Green Capital to recapitalize energy efficiency and water conservation improvements completed during construction.
$7.5 million
$28,400
Annual energy savings
169 Mt
Annual avoided carbon emissions
Project Details
Phase III delivers modern, high-end mixed-use residential and commercial spaces designed with floor-to-ceiling glass, sleek exterior brick masonry, and high-performance energy infrastructure. Completed in 2022, the facility is projected to operate 23% more energy efficient than required by Philadelphia’s building energy code baseline. C-PACE funds covered the following building improvements:
- High-efficiency HVAC systems
- High-performance building envelope insulation, roofing, and energy-efficient window systems
- Advanced interior and exterior LED lighting and controls
- Low-flow plumbing fixtures and water conservation infrastructure