Wednesday, May 6, 2015

$141M Construction Loan Closed for 1100 Market Street

National Real Estate Development has closed a construction loan with Ullico, Inc. for $141 million. This construction loan is for the East Market project at 1100 Market Street in Center City Philadelphia.

Upon completion, East Market will include an 18-story, 500,000-square-foot, mixed-use complex. The bulk of the project will be a 322-unit, 16-story residential tower. Also included will be 19,000 square feet of amenity space and an outdoor deck that will be located above a two-story, 105,00-square-foot retail area. There will also be 187 parking spaces below grade.

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