Chestnut Street Elevation of Hub3939 Map detail

Hub 3939

Location: 3939-41 Chestnut Street

Phase: In Construction

Planning Strategy:
Hub 3939 is part of the ongoing development of 40th Street as a hub of activity. This project symbolizes an attempt to attract undergraduates and graduate students to live closer to campus in high quality, professionally managed, safe and secure properties. The University has entered into a long-term ground lease with a local developer for the development of the asset. The developer operates the asset and pays the University rent for the land. The building will become University property at the end of the lease.

Program:
5 floors of residential; 2 lower floors of retail; 65 apartment units

Total Project Cost:
$17,800,000

Area:
Approximately, 52,800 gsf total, with 10,300 gsf of retail

Completion:
Summer 2015

Developer:
JNA Capital, Inc.

Architect(s):
Strada/UJMN Architects + Designers

Project Manager:
Paul Sehnert, Director Real Estate Development
Esaul Sanchez, Real Estate Asset Manager
University of Pennsylvania, Facilities and Real Estate Services

Related Links:
The Hub