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 Funds Construction of City’s Tallest Apartment Building

Commercial Real Estate, New Construction, Philadelphia C-PACE

Project Overview Closing Date: November 5, 2025 Luxury multifamily tower Harper Square will rise 500 feet once constructed, making developer Pearl Properties’ planned tower at 113-19 S. 19th St the tallest apartment rental building in Philadelphia. PEA, Counterpointe Sustainable Real Estate (CounterpointeSRE), and property owners 19S Partners, LLC & 18 San Partners LLC (managed by…

C-PACE Helps Turn Abandoned Site into High-Efficiency Mixed-Use Development

Commercial Real Estate, New Construction, Philadelphia C-PACE

Project Overview Closing Date: November 21, 2025 Lincoln 7078 LLC received $1.1 million in Philadelphia C-PACE financing from PACE Equity for a new development in the Mt. Airy neighborhood of Northwest Philadelphia. The 39,000 square-foot multifamily building will include 30 apartments. C-PACE provided funds for high-efficiency HVAC and lighting, among other improvements, exceeding energy costs…