Alterra Property Group wants to bring 352 apartment units to the intersection of Market and 42nd Streets, on the edge of West Philadelphia’s University City.
“We think there’s a lot of demand for mid-size [apartment buildings] that are reasonably priced, although I’m not saying it’s affordable housing by any stretch,” said Leo Addimando, managing partner with Alterra. Another recent Alterra modular apartment is located at Broad and Spring Garden Streets, and features a Giant supermarket as its retail offering. Addimando says they have no commercial tenants to announce yet at Market and 42nd, but that they are in discussions with retailers, medical offices and restaurants.
Currently the intersection of Market and 42nd is home to surface parking lots, a low-rise Social Security building, and the C.L. Presser construction supply company.
Where'd you get 110 spots jblumgart? The CDR submission documentation has 96?