The Goldenberg Group Begins Construction on $100M Philadelphia Student Community

The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project.

Philadelphia—The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project. The community will be located at the site of the former John Wanamaker School, which is close to Temple University’s main campus.

Once completed, the community will include a 14-story building with 832 beds and 238 apartments, 80 parking spaces and 11,000 square feet of retail space. Floor plans for the apartments include studio and one- and two-bedroom units.

Amenities for the community will include a fitness center, computer lab with study lounge, laundry facility on each floor, a club lounge, an outdoor plaza and storage for 150 bikes.

In 2008 the Goldenberg Group, in partnership with Bridge of Hope Community Development Corp., the development arm of Bright Hope Baptist Church, acquired the property from the Philadelphia School District.

“I’m excited because The Goldenberg Group and the Goldenberg/People Helping People Foundation have all now landed in North Philadelphia, and when we land in a community we don’t just arrive to build a building—we come with all our heart and all our enthusiasm to figure out each and every way that we can help to make this a better place to live,” Ken Goldenberg, president and CEO of The Goldenberg Group, tells MHN. “And truly, this student residence project is a community effort, moving forward in cooperation with Bright Hope Baptist Church and the Bridge of Hope CDC, with Governor Tom Corbett, Mayor Michael Nutter, City Council President Darrell Clarke, State Senator Shirley Kitchen and many others.”

The community is expected to be completed by Fall 2014.