"NRED – 1199 Ludlow Street Residential Tower – Pennsylvania - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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National Real Estate Development (NRED) is planning to build a residential tower in Philadelphia, Pennsylvania, the US.
The project involves the construction of a 20-story residential tower comprising 240 apartments. It includes the construction of a two-story retail podium, a community center, Indoor play room and outdoor play area for children, Library, and parking facilities.
BLT Architects and Morris Adjmi Architects are appointed as architects.
On August 24, 2016, NRED submitted the project plans to the Philadelphia's Civic Design Review board.
On September 9, 2016, Philadelphia's Civic Design Review board completed the review of the project.
In March 2017, NRED has secured a loan of US$57 million from Wells Fargo & Co for the development of the project.
Construction activities are slated for completion by 2018.
The project involves the construction of a 20-story residential tower comprising 240 apartments in Philadelphia, Pennsylvania, the US.
The US$100 million project includes the following:
1. Construction of a two-story retail podium
2. Construction of a community center
3. Construction of an Indoor play room and outdoor play area for children
4. Construction of a Library
5. Construction of parking facilitiesReasons To Buy