Wednesday, January 7, 2015

$110M apartment tower reaches milestone

by Natalie Kostelni, Staff Writer for the Philadelphia Business Journal

Radnor Property Group will top off 3737 Chestnut, a 25-story residential building it is constructing in University City.

A ceremony is scheduled for next Wednesday to mark the construction milestone. The $110 million project was originally known as 38Chestnut for its location at 38th and Chestnut streets, though the name was reportedly changed to make its location even more specific and apparent.

The project is being developed by Radnor Property Group. It consists of a 287,000-square-foot residential tower that will have 276 market-rate apartments that will cater to graduate students and professionals. It sits a block away from the University of Pennsylvania's campus.
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