Friday, December 4, 2015

#4 Best of 2015 - Drexel University 16-Story Apartment Tower

A Drexel University-owned lot at 3201 Race Street will soon have a new life as Radnor Property Group prepares for construction of a new 207-foot apartment building near the 30th Street Station's Amtrak lines, beefing up University City's growing skyline.

The glassy 16-story residential tower, designed by Philadelphia-based Erdy McHenry Architecture, will rise at the corner of 32nd and Race Streets and house 164 market rate rental apartments.

The building will rise above a mixed-use platform that will contain a large childcare facility and a public green space that looks over the train tracks towards Center City.

The project will also include 12 market rate townhomes to the north, a green roof and an underground parking facility with 26 spaces. There are also 61 bike spots and two car share spaces.

The 168,000 square foot complex will maximize green space on the site.

A green roof, with an amenity terrace, is planned, the townhomes will have storm water management systems and it will adhere to sustainability principles in an effort to achieve LEED certification.

The project was born out of a request for proposal from Drexel University for projects geared towards market rate housing and childcare for their staff and the nearby community. 

The childcare facility will be able to accommodate 150 to 164 kids and scholarships will be available to eligible families. There will also be an outdoor green area for the kids to play.

This won't be undergraduate housing; they’ll be marketing the units and homes to young professionals, faculty, staff and graduate student. 122 will be one-bedroom units, with the other 42 being two-bedroom layouts, providing prime views of Center City.

Radnor hopes to get started on the demolition of all structures on the lot later this year and break ground early in 2016. Construction is expected to take 18 months, with the goal of opening in the spring of 2017.