Friday, August 21, 2015

Philadelphia Development gets National Recognition

Natalie Kostelni, Reporter- Philadelphia Business Journal
Paseo Verde, a $48 million mixed-use development completed by Jonathan Rose Cos. of New York and Asociacíon Puertorriqueños en Marcha, a Philadelphia community organization, was named Project of the Year by the U.S. Green Building Council.
The development was completed in 2013 adjacent to the Temple University transit center and seemed so special that it could be used as a model for other projects, whether urban or suburban. Paseo Verde is transit-oriented, sustainable, designated LEED platinum, and community-oriented with housing and a technology center as well as retail space. The project also looked to revitalize a corner of North Philadelphia.
Paseo Verde was constructed on a vacant lot that was nearly the size of a city block and is bounded by 9th, Norris and Berks streets. The five-story building totals 200,000 square feet and has 120 affordable and market-rate apartments as well as 30,000 square feet of retail space that houses a community technology center.
The U.S. Green Building Council is the latest of a long list of organizations that have recognized Paseo Verde as a project worthy of praise. It joins the Urban Land Institute’s Philadelphia chapter, the Pennsylvania chapter of the American Institute of Architects, among others in recognizing the development.
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