The joint venture partnership between National Real Estate Advisors, LLC on behalf of a client, Joss Realty Partners, SSH and Young Capital, has plans to develop the new Jefferson Health, a 452,000-square-foot specialty-care pavilion to be constructed at 1101 Chestnut St. in Center City, Philadelphia.
It received a $220 construction loan.
Located at the corner of 11th and Chestnut streets, the 19-story specialty-care pavilion will also include a three-story underground garage, access to loading docks and parking for some 320 vehicles. The build-to-suit project is being developed by National Real Estate Development, LLC, a subsidiary of National.
The contemporary design features a curved glass façade set in a podium to reflect both the state-of-the-art nature of the facility and the integration of the building into the East Market development. Occupancy is scheduled for the first quarter of 2024.
