New York–based Brevet Capital Management has secured a US$150 million construction loan from Banco Inbursa to develop Wharton Piers, a 36-story residential high-rise on the Delaware River waterfront in Philadelphia.
Planned for 1341 S. Christopher Columbus Boulevard in the Pennsport neighborhood, the project will deliver 620 apartments, along with 10,150 square feet (943 square meters) of ground-floor retail space, 15,000 square feet (1394 square meters) of indoor amenities, and an equal amount of outdoor amenity space. The loan will also support construction of a separate 20,650-square-foot (1918-square-meter) retail building adjacent to the building
Construction is expected to begin in early 2027, with completion targeted for early 2029, adding significant new residential density to Philadelphia’s evolving waterfront district.
Read more at Philadelphia Today.