Amid a nationwide slowdown in new construction, Archive Development is moving forward with its largest project yet after securing innovative financing. The Philadelphia developer will break ground next week on a seven-story, 114-unit apartment building at 1440 N. Front St. in Fishtown, adjacent to the Market-Frankford Line. The $32 million development is funded through a combination of a debt fund and a commercial property assessed clean energy (C-PACE) loan. Archive’s co-founders, Ryan Kalili and Henry Siebert, navigated a six-month process to combine these sources and invest additional equity, making the project possible.

*Article courtesy Philadelphia Business Journal

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