Campus Apartments released updated plans for its new headquarters located at 41st and Walnut Streets.
The new building, which is expected to be completed in 2026, will be eleven stories and house the company headquarters, additional office spaces, and 136 apartments, including a penthouse level. Campus Apartments previously announced in October that this new construction would require leveling two residential buildings already owned by Campus Apartments, including the Alpha Epsilon Pi fraternity house associated with Penn.
The projects will be spearheaded by David Adelman, owner of the company and a leading developer in the plans for the new Philadelphia 76ers arena in Center City, which students protested in November.
Philadelphia’s Civic Design Review Committee said that the company engaged in extensive conversations with West Philadelphia communities and adapted their plans to fit the surrounding community, according to The Philadelphia Inquirer.
Campus Apartments met with the Spruce Hill Community Association along with other neighborhood groups throughout the development process. They also spoke with the office of Councilmember Jamie Gauthier, who has served the Third District of Philadelphia since January 2020.
The company hired a third party to ensure that the company's hiring and diversity goals are met. Campus Apartments is aiming for 45% of their construction jobs to go to city residents, and 25 to 35% of work to go to female workers or people of color, reported the Inquirer.
The Inquirer reported that the permits for the new building had been filed before Councilmember Gauthier’s “inclusionary zoning law” went into effect, which would have required 20% of the residential units to be below market rate rents to ensure more affordable housing to make the building accessible to all Philadelphia residents.
Campus Apartments will also take advantage of the Mixed Income Housing Bonus — which rewards developers that include affordable housing options — although they previously said they would not.
The bonus, which will involve Campus Apartments paying over $2 million to support affordable housing projects throughout Philadelphia, will enable the company to build more densely and avoid being restrained by certain zoning laws.