Alterra Property Group: Avenir

Alterra Property Group: Avenir


Size: 135,000 sf 17 floors

Location: Philadelphia, Pennsylvania

Architect: Floss Barber/Harman Deutsch

Builder: Clemens Construction Co.

Built in 1902, 1515 Chestnut Street was previously 75% occupied as a Class B office building with ground floor retail along Chestnut Street. The building has been vacated of its office tenants and is being developed to include 180 affordably priced well-appointed residential apartments. The proposed design includes a mix of studios (35%), one bedroom units (50%), two bedroom units (15%), and a lounge and fitness center on the top floor.

The conversion of the building to multifamily is by right and the building is eligible for Section 47 Historic Tax Credits.

Other team members are Floss Barber / Harman Deutsch (architects) and Clemens Construction Co. (contractor).