Philadelphia real estate company, D3 Developers, is developing a $16 million mixed-use project in the Kensington neighborhood of Philadelphia called Huntingdon Mills.
The project will take over two historic brick-and-timber factories with a combined 65,000 square feet. Collectively, the buildings will have 39 apartments and 25,000 square feet of commercial space.
“I think people like being in a place where there is something good going on,” said Greg Hill, Founder and Managing Partner of D3 Developers.
D3 Developers is highly invested and involved in the restoration of Kensington. Six years ago, D3 launched a $36 million mission-based development project in South Kensington called Oxford Mills. This project set aside discounted apartments for teachers and office space dedicated to educational nonprofits.
The current Huntingdon Mills project will target social service workers who would like to be close to the community they serve while keeping their private lives intact. CORA Services will occupy 9,000 square feet of the commercial space.
“This seems to be working and we wanted to see how we could translate that to another sector,” said Gabe Canuso, Managing Partner of D3 Development.
Huntingdon Mills is scheduled to open this fall.
Mixed-use projects have been happening all throughout our region. A local real estate developer built two structures for residential, office, retail, and parking space as a part of the North Broad revitalization.