SEEING RED

Here's a pic of The Commonwealth, a 98-unit historic apartmenttower in Center City. RED Capital Group tells us it put a $20M first mortgage interim loan on the property for its redevelopment by its owners—SSH Real Estate, Silverang Hallowell Development Co, and 806 Capital (and a partridge in a pear tree). Redevelopment points include the Art Deco-inspired lobby redesign.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Philly Has The Fundamentals. Now It Has To Reduce The Risk Of Building

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy Yard

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Local Auto Giant Buys Site For New Bucks County Dealership: The Philadelphia Deal Sheet

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success