PHILADELPHIA — Developer Chatham Bay Group has secured a $37.5 million loan to complete construction of Viking Mill in the East Kensington neighborhood of Philadelphia. The lender was 3650 Capital. Viking Mill is being developed in two phases that are slated to deliver in the first and the fourth quarter of 2026, respectively. The project includes the repositioning of an 1800s-era mill into 77 loft-style apartments as well as the ground-up construction of an additional adjacent building that will house 100 units. The community will provide approximately 7,750 square feet of ground-floor retail space, a central courtyard with 34 parking spaces, a rooftop pool and hot tub, fire pits, an outdoor kitchen, a dog run and spa, a fitness center, a coworking space and lounge areas.
Chatham Bay Group has secured the financing necessary to complete construction of Viking Mill Apartments at 2019-2055 E. Boston St. in Philadelphia. The project includes the repurposing of a 19th century mill.
Chatham Bay Group Secures $37.5 Million Loan from 3650 Capital for Philadelphia Redevelopment
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