The University City apartment boom is set to continue with an L-shaped 350-unit building at 40th and Market. The developer, Quaker Lane Capital, wants to bring a high rise to the transit-accessible intersection that is walkable to many major institutions.
The intersection, especially to the west of 40th, is currently dominated by one-to-two story discount retail, fast-food stores, and public services providers. “The project is targeted toward professionals in the community, and highly focused toward having a portion of the units as workforce accessible housing,” said Puja Suneja Peruto, one of the principals with Quaker Lane.