{"id":1004052698,"date":"2012-11-26T12:23:08","date_gmt":"2012-11-26T20:23:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=82566"},"modified":"2020-03-27T05:43:57","modified_gmt":"2020-03-27T13:43:57","slug":"100-million-student-residence-breaks-ground-near-temple-university","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/100-million-student-residence-breaks-ground-near-temple-university\/","title":{"rendered":"$100 Million Student Residence Breaks Ground Near Temple University"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>&nbsp;By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Wanamaker-Plaza-North-Tower-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-82610\" title=\"Wanamaker Plaza North Tower 1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Wanamaker-Plaza-North-Tower-1.jpg\" alt=\"\" width=\"300\" height=\"190\"><\/a>The former John Wanamaker School building located at 12<sup>th<\/sup> Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. Though the official groundbreaking ceremony was held last week at the site, the project was originally presented in 2008 when development company The Goldenberg Group purchased the 4.5-acre property from the Philadelphia School District for almost $11 million but had to be stalled because of the economic downturn that hit the real estate industry.<\/p>\n<p style=\"text-align: justify;\">A joint venture between Goldenberg and Bright Hope Community Development Corp., the economic development arm of the Bright Hope Baptist Church, the $100 million investment will bring a much-needed housing option for Temple University students. According to the <em>Philadelphia Inquirer<\/em>, nearly 10,000 Temple students live around campus but the University is able to provide housing for only half of them.<\/p>\n<p style=\"text-align: justify;\">When completed in fall 2014, the 14-story Wanamaker Plaza North Tower will provide 238 rental units for 832 Temple students. The 320,000-square-foot facility will include a fully equipped fitness center, an interactive game room, stand up tanning beds, an indoor bicycle storage area, laundry facilities on each floor, multiple study rooms and a residents\u2019 lounge on the 14<sup>th<\/sup> floor.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Wanamaker-Plaza-North-Tower-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-82611\" title=\"Wanamaker Plaza North Tower 2\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/11\/Wanamaker-Plaza-North-Tower-2.jpg\" alt=\"\" width=\"237\" height=\"300\"><\/a>Designed by local architecture firm Wallace, Roberts &amp; Todd (WRT) to achieve LEED Silver certification, the structure will also feature a green rooftop, storm water management and energy-saving systems, a garage with 80 parking spaces and 11,000 square feet of ground floor retail space.<\/p>\n<p style=\"text-align: justify;\">Work at the site is being overseen by Philadelphia-based construction management firm Torcon, Inc., which is working closely with Constructure Management of Malvern, PA.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-abandoned-projects-see-new-life-as-vacancy-in-philadelphia-trends-downward\/1004063207.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more Philadelphia real estate news.<\/p>\n<p style=\"text-align: justify;\"><em>Rendering of the&nbsp;Wanamaker Plaza North Tower courtesy of WRT<\/em><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;By Veronica Grecu, Associate Editor The former John Wanamaker School building located at 12th Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. Though the official groundbreaking ceremony was held last week at the site, the project was originally presented in 2008 when [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004506076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004052698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$100 Million Student Residence Breaks Ground Near Temple University - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/100-million-student-residence-breaks-ground-near-temple-university\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$100 Million Student Residence Breaks Ground Near Temple University\" \/>\n<meta property=\"og:description\" content=\"&nbsp;By Veronica Grecu, Associate Editor The former John Wanamaker School building located at 12th Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. 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