Project · Philadelphia, PA · Updated today
Berth Shalom preservation / acquisition
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Sourced from Philadelphia meeting, Apr 29, 2026. ZoneWire tracks 34 projects in Philadelphia, PA, updated within 24h of every meeting.
Where this stands
PHA-led preservation of an at-risk ~300-unit affordable housing complex (also referred to as 'the Dane'). Building trades pension funds to lend first-mortgage/critical money; city to add $8 million and guarantee the loan; guaranteed maximum price contract in place; deal still working through MOU and financing terms. Prior owner took out ~$35 million equity loan, made no investment, went to jail.
- Project
- Berth Shalom preservation / acquisition
- Asset class
- Residential
- Developer
- Philadelphia Housing Authority
- Location
- 52nd Ward, Philadelphia
- Scale
- 300 unit
- County
- Philadelphia, PA
- Jurisdiction
- Philadelphia
- Current status
- Under Review
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Berth Shalom preservation / acquisition
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