94-Unit Residential Building to Rise on Empty Lot at 810 Arch Street
By Veronica Grecu, Associate Editor
With the grand opening of the JBJ Soul Homes not too far in the past, a new affordable housing complex backed by Project H.O.M.E. is set to break ground this September. This time Project H.O.M.E.—a non-profit organization that provides housing, employment opportunities, and medical care to homeless and low-income persons in Philadelphia—teamed up with the Philadelphia Chinatown Development Corporation (PCDC) to revitalize a city-owned, empty site in the heart of the Chinatown.
The Philadelphia Inquirer reports that the 0.5-acre lot that now looks like a missing tooth in the 800 block on the south side of Arch Street will be replaced by a much-needed rental apartment building that is also expected to enliven the pedestrian experience in the area. The private-public partnership will invest $23.5 million in this residential project, the source said.
Designed by Kramer Marks Architects and developed by McDonald Building Company, the 78,000-square-foot apartment building at 810 Arch Street is expected to be completed by late 2015. It will include 94 affordable housing units for low-income residents ranging from homeless elderly and adults to youth aging out of the child protection system. According to project details available on McDonald Building Company’s website, six floors will be fully residential, with 13 efficiency apartment units per floor, while two floors will hold eight efficiency apartments and amenity spaces such as administrative offices, exercise room, library with Wi-Fi access, a green roof and two terraces. The development project will also have 2,800 square feet of ground floor retail space along Arch Street.
According to the Inquirer, monthly rents at 810 Arch Street are expected to vary between $690 and $799. After completion, the residential building will seek LEED Silver certification by MaGrann Associates, a building consulting and engineering company specialized in energy efficiency and green building.
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Rendering courtesy of McDonald Building CompanyTags: 810 Arch Street, affordable housing, Architecture/Design, Chinatown (Philadelphia), Consumer, Developers, Development, Finance/Investment, Financiers, Green, homeless, Investors, Kramer Marks Architects, leasing, LEED silver, Local, low-income housing, McDonald Building Company, mixed-use, multi-family, National, Philadelphia Lead Story, Professional, Project H.O.M.E., Regional, rental apartments, Residential