An affiliate of Saxum Real Estate Co. has plans to develop Fishtown Kensington Village, a 297-unit multi-housing property located in Philadelphia.
JLL Capital Markets worked on behalf of the borrower in arranging a $46.5 million construction loan.
The luxury development will include 297 units consisting of 25 artist lofts, 57 studios, 197 one-bedroom 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 Kensington Village is located in one of Philadelphia’s most up-and-coming, vibrant neighborhoods, recently named “Americas Hottest New
