The building would have 142 multifamily units and 147 group-living units aimed at roommate accommodations.
The developer also plans to provide 78 underground parking spaces and 21,079 square feet of retail space. A public plaza around the entrance is also included in the plan.
During a neighborhood meeting last week, the majority of community members welcomed the new project.
Many were intrigued by the idea that a dedicated residential tower could draw away demand for student housing from rowhouse-dominated areas.
“The community was pleased by almost 100 percent of the presentation and one of the biggest reasons is that this building draws students out of the communities,” said William T. Harris of the United Neighbors Alliance Civic Association.
“It gives the opportunity for less issues with the partying, the obnoxious behaviors. They’re bringing students back to campus with this large building.”
Temple University owns a ground lease on the land. The school aimed to find a developer who could help concentrate more of the student population along Broad Street.
Read more about how Landmark Properties is reshaping the future of students living near Temple University in The Philadelphia Inquirer.
More about Landmark Properties.