Project Overview Closing Date: June 2, 2023 Bromley Loom House is a ground-up construction, five-story building in Philadelphia’s East Kensington neighborhood. The newly constructed, 63-unit multifamily property includes two ground-floor commercial spaces. In June 2023, PEA, PACE Equity LLC, and ACG 2315 FRONT LLC (managed by Ampere Capital Group) closed on $997,706 in C-PACE financing…
Project Overview Closing Date: February 28, 2023 The Alcott is a 12-story, mixed-use luxury development that opened to residents in 2024. Located in Philadelphia’s Callowhill neighborhood, the 152-foot industrial-inspired brick, steel, and glass building features 329 luxury apartment homes, 14,000 square feet of ground-floor retail space, and a resort-style pool deck. Developed by Southern Land…
Project Overview Closing Date: February 20, 2023 Somerset Station is a 220-unit apartment building developed by Riverwards Group in partnership with Citizens Bank. The $58-million project received $17,914,777 in C-PACE financing from Nuveen Green Capital for the building’s energy efficiency and water conservation upgrades. Somerset Station was the first multifamily project to receive funds through…
Project Overview Closing Date: November 24, 2021 123 South Broad Street, known commonly as the Wells Fargo Building, is a landmark office tower located along Philadelphia’s Avenue of the Arts. PEA, Nuveen Green Capital, Unit 1 Partners LP, and 123 S. Broad Partners LP closed in 2021 on $4,109,825 in C-PACE financing for renovations of…
Project Overview Closing Date: October 28, 2021 As part of the substantial renovation of Class A commercial office building 100 Independence Mall West, Philadelphia C-PACE financing enabled comprehensive energy conservation and water efficiency improvements. Counterpointe SRE provided $25,571,281 in C-PACE funds to KPG-IMW Owner, LLC. Substantial renovation of the 400,000-square-foot historic property lowers operating costs…
Project Overview Closing Date: April 29, 2021 Golaski Labs is a $8.5-million adaptive reuse project, combining the gut rehabilitation of a historic manufacturing building with new construction of a residential tower. The project includes 40 mixed-income apartments alongside 25,000 square feet of commercial space, located within Philadelphia’s historic Germantown neighborhood. PEA, Nuveen Green Capital, and…
Project Overview Closing Date: December 23, 2020 The Flying Horse Center in Philadelphia’s historic Germantown neighborhood received the first Pennsylvania C-PACE project funds for a renewable energy installation. PEA, Greenworks Lending, and The Capers Company LLC closed in August 2020 on $559,469 in C-PACE financing. Located at 5534-46 Pulaski Avenue in Northwest Philadelphia’s Germantown neighborhood,…
Project Overview Closing Date: November 10, 2020 The Met Philadelphia’s ownership closed on Pennsylvania’s first C-PACE retroactive financing project in November 2020. EB Realty Management borrowed $6 million in C-PACE funds to pay for extensive energy-efficiency upgrades completed during substantial renovation of North Broad Street’s iconic event venue. The 133,000-square-foot former Philadelphia Metropolitan Opera House…
Project Overview Closing Date: September 30, 2020 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…