Project Overview Closing Date: November 30, 2023 The Battery is a gut rehabilitation and adaptive reuse of the former Philadelphia Electric Company (PECO) Delaware Station. Spanning over 300,000 square feet, the Beaux-Arts industrial landmark was transformed into a premier mixed-use campus housing luxury apartments, offices, event space, hospitality, and a sports club. Managed by real…
Project Overview Closing Date: August 23, 2023 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…
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 30, 2022 FreezPak Logistics is a new cold storage facility designed for energy-efficient, temperature-controlled operations. In November 2022, PEA, Nuveen Green Capital, and BGFP Philadelphia LLC closed on $30.1 million in C-PACE financing for the 168,000-square-foot facility at 2201 E. Allegheny Avenue, located within the Port Richmond neighborhood of Philadelphia.…
Project Overview Closing Date: May 4, 2022 Ridge Storage is a five-story, 86,500-square-foot facility housing 756 self-storage units. C-PACE provided critical long-term financing that filled a key gap in the construction capital stack while incentivizing high-performance building methods during the initial design phase. Through high-efficiency building systems and sustainable construction technologies, the facility is projected…
Project Overview Closing Date: February 11, 2022 The Motto by Hilton Philadelphia Rittenhouse Square is a 252-room hotel located at 29–31 South 19th Street in Philadelphia’s Rittenhouse neighborhood. Completed in December 2019, the hotel initially opened as the POD Philly before temporarily closing due to COVID-19 restrictions. It reopened in spring 2021 as the Motto…
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…