Exclusive: Preservation Alliance, developer settle litigation

By Natalie Kostelni

Radnor Property Group in partnership with the Philadelphia Episcopal Cathedral will move forward with the construction of a $105 million project at 38th and Chestnut streets in Philadelphia after settling litigation with the Preservation Alliance.

The lawsuit stopped the developer from moving forward with the project and the Preservation Alliance withdrew an appeal in the matter that clears the way for Radnor Property to go ahead and break ground in early September. Plans call for the construction of a 25-story residential tower that will have 280 market-rate apartments that will cater to graduate students and professionals. Read the article here.