Project Overview
The Frame is a 114-unit multifamily property located in Philadelphia’s vibrant Fishtown neighborhood. The mixed-use development combined six previously vacant lots to form the luxury tower, complete with 2,000 square feet of ground-level retail space, a green roof deck, and high-efficiency building design features.
In July 2024, PEA, PACE Loan Group LLC (PLG), and 1440 FRONT LLC closed on $10,558,000 in C-PACE financing for 1440 N. Front Street. Managed by Archive Development, the property owners secured the C-PACE loan from PLG alongside a $14 million construction loan from Builders Capital to complete the capital stack.
$10.6 million
$29,000
Annual energy savings
262 Mt
Annual avoided carbon emissions
Project Details
C-PACE financing was used to fund the following building systems and energy conservation measures:
- High-efficiency HVAC and mechanical systems
- High-performance building envelope insulation and sealing
- Energy-Star rated windows and glazing
- Advanced interior and exterior lighting systems
- Low-flow plumbing fixtures and water conservation infrastructure