Remediation Work Begins on the Iconic Beury Building

separator

03

After almost 4 decades of dormancy, Shift Capital is proud to announce that abatement work has begun at the Beury Building.  On February 19, 2018, environmental workers began work on the clean-up of the site, a first step towards the return of the North Philadelphia iconic building.  The entire building will be remediated of all environmental hazards by Pepper Environmental Services Inc, managed by Philadelphia’s React Environmental Professional Group Inc.  The work is scheduled for completion in early June and is the first benchmark for the full renovation of the building.  This financing opportunity was made possible through investments made by Shift Capital and the Commonwealth of PA’s Industrial Site Reuse Program – in conjunction with Chester County Economic Development Council.

About The Beury Building:

The Beury Building is one of the most well-known and visible historic landmarks in N. Philadelphia and its renovation will create 80 1BR residential units and 15,000sf of commercial space.   The site is located two blocks north of Temple University’s Health System campus, in the Tioga section of the City and sits on top of SEPTA’s 2nd busiest station.  The redevelopment of this 112,000sf building will spur growth in & around this community.

About Shift Capital:

Shift Capital is an urban real estate firm focused on producing strong economic returns while making stronger, more inclusive and sustainable cities.

Our mission is to provide the urban communities we invest in with employment, and other measurable social and economic impacts by acquiring and improving the existing real estate stock and re-tenanting those assets with businesses and individuals that share our common vision.

We believe in minimizing displacement of communities, long-term residents and the creative community, through a strategic exit strategy to increase property ownership and preserve long-term affordability for all.

For more information please contact:

Maria Sourbeer: maria@shiftcapital.us

Partner Logos