Financing Amount: $17,914,777
On February 10, 2023 the Philadelphia Energy Authority, Nuveen Green Capital and Somerset Street Station LLC closed on C-PACE financing for energy efficiency and water conservation measures to be installed during the construction of a new 220-unit multifamily development located at 2200 E. Somerset Street. The planned facility is located in the Port Richmond neighborhood of Philadelphia. The building as designed is expected to be 26% more energy efficient than required by Philadelphia’s building energy code. The energy survey was prepared by EE Consultants LLC.