C-PACE Supports Construction of New Multifamily Building in East Kensington

Commercial Real Estate, New Construction, Philadelphia C-PACE

Project Overview Closing Date: July 20, 2026 Riverwards Group received $17.3 million in Philadelphia C-PACE financing from Nuveen Green Capital to support construction of a new 155-unit multifamily apartment building in Philadelphia’s East Kensington neighborhood.  The six-story development at 2507 Almond Street will include high-efficiency heating, ventilation, and air conditioning (HVAC) and building envelope upgrades, among…

C-PACE Funding Modernizes Medical Building, Finances $11 Million Renovation

Building Renovation, Commercial Real Estate, Philadelphia C-PACE

Project Overview Closing Date: June 20, 2025 Substantial renovation of 3905 Ford Road Medical Center achieved the deepest energy savings among recent Philadelphia C-PACE projects.  In 2025, PEA, Nuveen Green Capital, and 3905 Ford LLC closed on $11 million of C-PACE capital, enabling a comprehensive transformation of the West Philadelphia building. Now a high-performance, sustainable…

C-PACE Funds Industrial Fabrication Facility Expansion

Building Renovation, Commercial Real Estate, Philadelphia C-PACE

Project Overview Phase 1 Closing Date: August 2, 2021 Phase 2 Closing Date: October 4, 2024 Rhoads Industries received $47 million in Philadelphia C-PACE financing from CCG PACE Funding, covering nearly half the costs for the Philadelphia Navy Yard manufacturing facility expansion. Energy efficiency improvements qualified the state-of-the-art industrial fabrication facility to complete large-scale renovations…