University of Pennsylvania – 3737 Chestnut

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University of Pennsylvania – 3737 Chestnut

Philadelphia, PA

University of Pennsylvania – 3737 Chestnut

Location: Philadelphia, PA
Units: 276
Square Footage: 287,000
Awards
  • Best Real Estate Deals, Philadelphia Business Journal, 2015
  • Willard G. Rouse III Award for Excellence Finalist, Urban Land Institute of Philadelphia, 2016

3737 Chestnut Apartments, a 25-story mixed-use development, is located at the intersection of 38th and Chestnut Streets. Developed and formerly owned by Radnor, 3737 consists of 276 apartments for University of Pennsylvania students and young professionals, providing one-bedroom and two-bedroom units. The building was sold to a joint-venture between Korman Residential and The Carlyle Group in July 2017.

Amenities include underground parking with 24 spaces, fitness center, cyber café and lounge area, recreation room with gourmet kitchen, a lounge/library, an exterior garden terrace, a rooftop sunbathing deck, and outdoor grilling and fire pit areas. The ground floor consists of 6,000 square feet of retail. Construction commenced in October 2013 and was completed in October 2015.