July 5, 2023

National, KRE Group top out 360-unit apartment building in Philadelphia

Real Estate New Jersey | By Joshua Burd — A joint venture has completed vertical construction for a new 360-unit apartment building in Philadelphia, where it hopes to welcome its first residents in early 2024.

The developers, National Real Estate Advisors and Kushner Real Estate Group, have said the project at 200 Spring Garden St. will integrate the city’s Northern Liberties and Old City neighborhoods while offering upscale rentals and amenities. They expect to launch preleasing in December at what’s now known as The Noble, having topped out the 13-story project alongside Hunter Roberts Construction Group and hundreds of men and women from the building trades.

“The Noble represents our unwavering commitment to job creation, community engagement and economic vitality while seeking to generate good returns for our investors,” said Jeffrey Kanne, CEO and president of National Real Estate Advisors. “We are grateful for the dedication of our skilled workforce, which has enabled us to create valuable jobs within the community. This project serves as a testament to our ongoing partnership with KRE and our mission to deliver high-quality living options that truly benefit neighborhoods.”

Designed by Handel Architects, The Noble’s architecture takes inspiration from the warehouse-style buildings of Northern Liberties, according to a news release. The L-shaped tower will have amenities such as a 75-foot lap pool, co-working space, a bike room, a juice bar and an amenity lounge, among others, while also offering more than 10,000 square feet of outdoor public green space featuring a custom mural by Mural Arts of Philadelphia.

What’s more, the building will have corner retail space as well as a flagship 17,000-square-foot City Fitness.

“Today’s topping out celebration marks another step towards realizing our collective vision with National to unlock the potential that lies within the corridor connecting Old City and Northern Liberties,” said Jonathan Kushner, president of KRE Group. “Through the multiphase transformation of 2nd Street, we have a remarkable opportunity to redefine the landscape and forge a thriving community for all to enjoy.”