About the Project

Located near Rittenhouse Square, 2012 Chestnut Street is a new 14-story mixed-income residential development owned by the Philadelphia Housing Authority and managed by Alterra Property Group. The building includes 121 studio, one-bedroom, and two-bedroom apartments, with select units featuring private balconies. The development provides a mix of affordable and market-rate housing, including 73 units serving households earning at or below 80% of the Area Median Income, up to 48 HUD Project-Based Voucher units, and 48 unrestricted market-rate units. Ground-floor amenities include about 2,000 SF of commercial space, a residential lobby, leasing office, fitness center, bike storage, and mail facilities. Additional resident amenities include coworking rooms, an amenity lounge with a kitchenette and outdoor deck, and an on-site social services office.