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

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…

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

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 Finances Transformation of Vacant Lots into 114-Unit Tower

Project Overview Closing Date: July 31, 2024 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,…

C-PACE Funds Industrial Fabrication Facility Expansion

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…

Student Housing Receives C-PACE Financing for Efficiency Upgrades

Project Overview Closing Date: December 19, 2023 Owners of new multifamily property at 2008 N. Broad Street secured $5.2 million in C-PACE financing from Nuveen Green Capital to fund the building’s energy efficiency and water conservation measures. Located in North Philadelphia directly adjacent to Temple University, the development provides high-quality luxury and affordable off-campus housing.…

C-PACE Funds Adaptive Reuse of Delaware Station Power Plant

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…

Retroactive Financing Recapitalizes Liberty Square’s Sustainability Features

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…

Bromley Loom House C-PACE Deal Closes in Under Two Months

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…

C-PACE Funds Construction of Southern Land Company’s The Alcott

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…

First Pennsylvania Multifamily C-PACE Deal Funds Somerset Station

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…