An affiliate of Saxum Real Estate Co. has plans to develop Fishtown Kensington Village, a 297-unit multi-housing property located in Philadelphia.
It received a $46.5 million construction loan.
Saxum has broken ground in conjunction with the closing of the construction financing. Project completion and lease-up commencement is anticipated in the summer of 2022.
The luxury development will include 297 units consisting of 25 artist lofts, 57 studios, 197 one-bedroom units and 18 two-bedroom units. All units will include in-home washers and dryers, spacious walk-in closets, luxury vinyl tile, gourmet kitchens with stainless steel appliances, ceramic tile backsplashes, and quartz countertops. Community amenities will total 10,442 square feet and consist of a co-working café, two club rooms, an industrial kitchen, lounge, two rooftop terraces and fitness center.
Positioned at the corner of 1929–45 East York St. and 1924–44 E. Hagert St., the Fishtown Kens
