Rittenhouse Square Parcel Trades for $30M

Southern Land Co of Nashville inked a deal to buy the 1900 Walnut parcel at Rittenhouse Square for $30M, the Philadelphia Business Journal reports. The Tennessee company is already developing 3601 Market St (pictured), a 368-unit apartment building in University City that’s going to open later this year. Castleway Properties, an Irish investor, has owned the parcel since 2007.

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

Dublin BTR Had A €1B Summer

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

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

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

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

DFW Multifamily Distress Creates Opening For Investors As Development Slows

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

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio