New construction of a five-story building with 146 one and two-bedroom homes, plus 18,000 square feet of street-level shops and restaurants, at the southern end of the Avenue of the Arts in Center City Philadelphia. Within easy walking distance of performing arts, the Italian Market and other urban amenities including public transit, the building will be the City’s first LEED “green” certified multifamily mixed-use building, with a roof to reflect UV rays and lower utility costs; locally produced and recycled materials; pervious paving for stormwater absorption; and high-efficiency mechanical systems. The developer, Dranoff Properties, plans to start construction in 2008 pending approvals and financing.
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