2112 Ridge Ave – Affordable Housing
2112 Ridge Ave.
Purchase Price | n/a |
Construction Costs | $12M |
Total Deal Size | $13.2M |
Asset Class | Mixed Use / Affordable |
Equity Source | PHA General Account |
Number of Apartments | 36 Affordable Units |
Commercial SF | 3k |
Status | Pre-Construction |
Market:
Philadelphia/Sharswood
Client:
Philadelphia Housing Authority (“PHA”) / Awarded via RFP
Business Plan:
Benchmark was selected as the development partner for PHA to construct PHA’s first ever housing for LGBTQ youths who have aged out of foster care.
Roles and Responsibilities:
Developer – Benchmark Real Estate Partners
General Contractor – Daniel J. Keating Company
![](https://benchmarkrep.net/wp-content/uploads/2022/09/2112-ridge.png)
![](https://benchmarkrep.net/wp-content/uploads/2022/09/2112-ridge2.png)