Check out this new rendering of the redevelopment of
the Penn Arts building. Work on the project at 16th and Pennsylvania streets began in April. You can see the plans for signage
and an outdoor cafe along 16th Street. Developer Christopher Piazza paid $1.4 million for the building in 2008 and had planned
to spend $3 million on renovations but gave up on banks unwilling to lend early this year and found two equity investors instead.
He had to cut the budget in half, to about $1.5 million, and expects to have the first apartment units available by September.
An earlier post is here.








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Either way, I'm looking forward to something happening here.
Hopefully it comes through. Sounds like a great idea.
It will be great when something is finally done with this property but, seriously, how can one get excited by this rendering??
However, as with so many of these types of projects, in order to get the public excited about them and enticing businesses to rent space in the building, you need to wow them. This rendering does very little to 'wow' anyone...
That is my only point concerning the rendering. This project deserves better visual representation.