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
