RAL Cos. & Affiliates has broken ground on a mixed-use project near the Divine Lorraine in Philadelphia.
The project, known only as 1300 Fairmount, will include 478 new rental apartments and 60,000 sq. ft. of retail, PhillyVoice reported.
The 14-story building, spanning 624,575 sq. ft., is estimated to cost $190 million. RAL selected Philadelphia-based Cope Linder Associates to design the building.
The project includes 478 rental apartments including studio, one-bedroom, two-bedroom and three-bedroom apartments, in addition to 58,759 leasable sq. ft. of retail space.
Construction of the project is expected to complete in 2020.
