Congressman Chaka Fattah (D-Pa.) announced that $960,000 in Affordable Housing Grants would be awarded to sponsors of building projects that will house veterans, homeless families and the mentally ill.
On Tuesday night, Brandywine Realty Trust along with Campus Crest Communities, Inc. and Harrison Street Real Estate Capital announced they will collaboratively develop a new student housing building called The Grove at Cira Centre South. The building will be located at 30th and Chestnut streets and is expected to be complete by fall 2014.
Drexel University is taking essential steps towards developing this land by initiating a feasibility study of the area. The university-funded, $1 million-plus study is being done collaboratively with Amtrak and SEPTA, which own most of the land.