Sterling Apartment Homes
Philadelphia
, PA
Cost: $71 Million
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Previous Use: Retail, Apartments
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Current Use: Retail, Apartments
Project Details
Designed and constructed between 1959 and 1961, the Sterling Apartment Homes was rehabilitated by Denver-based Real Estate Investment Trust, Aimco. This block-long residential building was transformed into a vibrant urban, live/work environment. Updating this 30-story mid-century tower involved revitalizing the original retail arcade, updating the office floors, and refurbishing the 535 apartments with modern fixtures and finishes while retaining the mid-century aesthetic. The rooftop now houses a renovated pool and fitness center offering spectacular views of the city’s skyline.
Heritage secured approvals for state and federal historic tax credits for this project.
Incentives Utilized:
- Federal Historic Tax Credits
- Pennsylvania State Historic Tax Credits (Pennsylvania Historic Preservation Incentive Tax Credit Program)
Photos: Courtesy of Aimco
