Wolf distributes $35M for real estate projects in Philadelphia
by Mission First HousingBy Natalie Kostelni – Reporter, Philadelphia Business Journal
Pennsylvania has earmarked $35.6 million from its Redevelopment Assistance Capital Program for more than two dozen projects in Philadelphia.
The largest amount, $5 million, was given to Mission First Housing Group for the first phase of a $50 million project called New Market West, which is a four-story, 90,000-square-foot building that will house retail space and community services at 5901 Market St. in West Philadelphia.
Another $3 million was approved for the renovation and development of an industrial manufacturing center at the Philadelphia Navy Yard. The facility will accommodate equipment involved in the manufacturing of maritime and defense products.