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: 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: June 28, 2021 The Kirkbride Center is a 390,000-square-foot campus consisting of six buildings dedicated to behavioral health and community social services. Designated as a National Historic Landmark, the 19th century former Institute of Pennsylvania Hospital building was revitalized by CoreCare to become one of the region’s largest community healthcare, drug…
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…