New student-housing project secures funding

While some Philadelphians think it’s time for students to get outta town (or the neighborhoods near Main Campus, at least) others think it’s time to develop new housing for those good-for-nothin’ kids.

A new $20 million student-housing project at 10th and Diamond streets has secured financing to break ground in October, a report by the Philadelphia Business Journal states.

The new project by Orens Brothers Real Estate Inc., Mosaic Development Partners and Metamorphosis Community Development Corp. will have 92 units and 12,000 square feet of retail space on the ground floor, according to PBJ.

The project, near the Edberg-Olson football practice field, is expected to complete work next year.