The document discusses the Paseo Verde development project in Philadelphia, PA. Paseo Verde is a transit-oriented development near Temple University that focuses on green infrastructure and LEED certification. It includes both affordable and market-rate housing, as well as retail/commercial space. The project has received political and community support, partnerships with public agencies, and significant public subsidies. It serves as a demonstration for green and transit-oriented development strategies.

1. ULI/Carolyn and Preston Butcher
Forum on Multifamily Housing
January 16, 2014

2. Jonathan Rose Companies

3. Jonathan Rose Companies
AMP Overview

4. Jonathan Rose Companies

5. Jonathan Rose Companies

6. Jonathan Rose Companies
Mayor Nutter
Phila2035
Trid Master Plan (by Interface)
Temple University

7. Jonathan Rose Companies
Temple Regional Train Station
Green Streets
Green City, Clean Water

8. Jonathan Rose Companies
GREEN INFRASTRUCTURE &
BUILDINGS
Paseo Verde TOD

9. Jonathan Rose Companies
Key Project Elements
•
Demonstration project for TOD and green development
Focus on green infrastructure and LEED ND
•
Not 100% affordable housing
Need to include market rate housing in challenging market
•
Not 100% (undergraduate) student housing
•
Requirement to include a significant retail/commercial program

10. Jonathan Rose Companies
Q+A

11. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

12. Jonathan Rose Companies
Lessons
Strengths
• Location- Location –Location
• First Transit Oriented Development in Philadelphia
• Political Will
•
•
•
•
•
Community Support
Strong partnership: APM/JRCo
Public /Private Partnerships and Investments
Significant Subsidies from City and State
Pre-leased 7,600 square feet of space to a community
medical center, 15,000 square feet for office space for
APM, 1,500 square feet for a pharmacy.

13. Jonathan Rose Companies
Groundbreaking

14. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

15. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

16. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

17. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

18. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

19. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA

20. Jonathan Rose Companies
Paseo Verde, Philadelphia, PA