The Philadelphia Energy Authority, Nuveen Green Capital and TLSIC P3, LLC and Liberty Square P3, LLC closed on retroactive C-PACE financing for energy efficiency and water conservation measures installed during the construction of Phase III of Liberty Square, a mixed use multifamily and commercial property located at 1214 & 1252 N. American Street. Fact sheets for this project and all PA C-PACE projects can be found here.
Liberty Square is located in the Northern Liberties neighborhood of Philadelphia. The project construction was completed in 2022. C-PACE financing for this new construction building was used for energy and water efficiency improvements. Energy modeling shows it is expected to be 23% more energy efficient than required by Philadelphia’s building energy code. The owners, managed by Palladium Group, borrowed $7,500,000 in C-PACE financing from Nuveen Green Capital to fund the energy and water efficiency improvements.
Interested in learning more about C-PACE? Contact us at cpace@philaenergy.org and/or attend our C-PACE Open Meetings which take place on the last Thursday of each month from 2:00-3:00PM. See all C-PACE Philadelphia events here.