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The Goldenberg Group breaks ground on $199m student housing community


Goldman Sachs & Co. provides the $163mm non-recourse financing
Volume 29 Issue 23 – December 8 – 21, 2017

PHILADELPHIA, PA — The Goldenberg Group has begun construction on a $199 million student housing development adjacent to its signature student tower, The View at Montgomery.
Located at 12th St. and Cecil B. Moore Ave., the 470,000 s/f mixed-use facility will feature 984 beds.

The project will incorporate 30,000 s/f of ground-level retail, restaurant and commercial space and activity areas.

The project represents the second and final phase of Goldenberg’s master-planned redevelopment of the 4.6-acre site of the former John Wanamaker
High School. This phase was designed to complement The Goldenberg Group’s existing 832-bed student housing development, The View at Montgomery. [Read Full Article]