Financing has been secured for student housing near Temple University just a week after 5th District Councilman Darrell Clarke announced legislation to prevent further student and multi-family developments around campus.
The Philadelphia Business Journal reports $20 million has been secured for a 92-unit mixed-use space at 10th and Diamond streets, where developers plan to break ground in October. Orens Brothers and Mosaic Development also have other plans for the area, but they should keep boundaries in mind if Clarke’s legislation advances.
Clarke aims to prohibit new multiple-family dwellings, apartment houses, tenement houses, student housing not owner-occupied and fraternity and sorority houses, as outlined by The Temple News, in the swath of North Philadelphia roughly between 19th Street, Lehigh Avenue, Ninth Street and Cecil B. Moore Avenue with a cut-out in the middle extending father south to Girard Avenue.
His announcement came as a result of what he says is unruly student behavior in the campus-adjacent neighborhoods.