Best Real Estate Deals of 2023: Apartment winners

  • 03. 21. 2024
  • Philadelphia Business Journal

Nashville, Tennessee-based Southern Land Co. is developing a 12-story, 329-unit apartment building on the southeast corner of 5th and Spring Garden streets in Northern Liberties. The $161 million project is expected to be delivered in fall 2024. Southern Land Co. received a $40 million C-PACE loan from Nuveen Green Capital, a financing mechanism that allows developers to receive favorable loan terms in exchange for including environmentally friendly elements in their developments.

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