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Tower Breaks Ground for $10M Building in Manayunk

PHILADELPHIA-Ground is broken for a seven-story, 60-unit luxury multifamily rental building along the Schuylkill River bank at 3750 Main St. in the city's Manayunk neighborhood. Tower's owner, Bart Blatstein,

By Marita Thomas | Updated on January 08, 2003

PHILADELPHIA-Locally based Tower Investments, Inc. has broken ground on a seven-story, 90,000-sf luxury multifamily rental building at 3750 Main St. in the city’s Manayunk neighborhood. Tower’s owner, Bart Blatstein, tells GlobeSt.com the estimated construction cost is $10 million.

This is the first all-new multifamily rental building to gain approval in Manayunk since a residential and commercial renaissance began taking place there more than a decade ago. Other proposed multifamily projects met with local opposition and litigation and were eventually blocked in court.

Tower’s multifamily rental complex will contain 60 two-bedroom, balconied units, many overlooking the river. Units will range from 1,100 sf to 1,300 sf. Blatstein says rentals will be $1.50 per sf, or between $1,650 and $1,950 a month.

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