Rendering of a portion of Witherspoon Senior Apartments, Philadelphia, PA Rendering of a portion of Witherspoon Senior Apartments, Philadelphia, PA

PHILADELPHIA, PA—Presby's Inspired Life has opened Witherspoon Senior Apartments, an adaptive reuse of a former nursing home, which sits on Presby's 58th Street Campus in Southwest Philadelphia. The campus, which is composed of almost an entire city block, currently features three other low-income Affordable Housing communities managed by Presby's Inspired Life. The entire campus will serve more than 300 adults aged 62 and better.

“Finding safe affordable housing has been and continues to be an ongoing issue for so many Philadelphians—especially the senior population who want to stay in the neighborhoods where they were born and raised,” says Judee M. Bavaria, president and ceo of Presby's Inspired Life. “At the heart of Presby's ministry is its service to older adults of limited financial means. Witherspoon Senior Apartments is fulfilling a critical need for quality affordable housing for older adults in Philadelphia, and we are able to do this with help from local officials and organizations like Pennsylvania Housing Finance Agency, Philadelphia Housing Authority and the US Department of Housing and Urban Development. We are thrilled to say that these residents have a new 'home for the holidays.'”

In addition to Witherspoon, Presby's Inspired Life is also opening Cantrell Place in South Philadelphia, a new construction project, at the end of 2018. The site of the new buildings will revitalize a city block by transforming 33 vacant lots into 61 units of affordable housing for seniors.

Presby was awarded tax-credit funding from the Pennsylvania Housing Finance Agency in July 2016 to develop both new properties. The developer for Witherspoon Senior Apartments is TN Ward, and the developer for Cantrell Place is Domus.

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].