The Time Has Come to
Reinvest & Reinvigorate

North Philadelphia

The Beury Project Outside Render

At the heart of North Philadelphia sits the 3700 block of North Broad Street at the intersection of Broad, Erie, and Germantown, three primary arteries of Philadelphia.

Over the last several decades, the intersection has thrived as an epicenter for the surrounding community of North Philadelphia but has struggled against a lack of institutional investment and long-term commitment to the community residents and businesses.

The block is dominated by the imposing structure of the once strong and proud Beury Building, a 14-story, 112,000 square-foot Art Deco skyscraper completed in 1933 and listed on the National Register of Historic Places.

Starting with the redevelopment of the existing Beury Building, the “new” Beury will be revisioned combining both old and new to reinvigorate an intersection, a community, and, in turn, North Philadelphia.

“ Our vision is a revitalized North Philadelphia where The Beury Building is once again an integral driving force in the community. ”

Phase Two

The extension of the Beury building will consist of approximately 20,000 square feet of retail and up to 90+ residential units.

The importance of scale and density is critical to an intersection that is built on the backbone of public infrastructure. To realize this second phase of the project we will actively seek like-minded tenants and partners that will extend and catalyze our vision for a healthy and revitalized North Philadelphia.

“ Our vision is a revitalized North Philadelphia where The Beury Building is once again an integral driving force in the community. ”

Our Story

The Beury building has been vacant for more that 40 years. Since 2012, Shift Capital has set out on a journey to revitalize the heart of North Philadelphia.

2012: Shift Capital recapitalizes the project with a renewed focus to realize a development plan that is both impactful and feasible.
2014/2015: with full support of the community, Shift Capital applied to OHCD and PHFA with a program of senior affordable housing and a health clinic. This effort was unsuccessful.
2015: Shift Capital partnered with Bethesda Project to realize a vision to integrate health services with a unique model to target the most disenfranchised in the city.
2015: working jointly with Bethesda, Shift Capital applied for DHCD and PHFA funds. This effort was unsuccessful.
2018: Shift Capital regrouped and put in a fresh round of applications. Beury was awarded DHCD funding and is awaiting additional funding announcements from PHFA and RACP, scheduled to be awarded in the Fall. Abatement successfully commenced at the building.

Shift Capital

Shift Capital is a real estate development and community impact investment group dedicated
to revitalizing urban neighborhoods by creating shifts in environmental, social and economic viability.

Shift Captial brings together investment capital, innovative ideas, best practices and community engagement with a strong design aesthetic to create thriving neighborhood ecosystems. We strengthen the value of our real estate and the collective experience by creating compelling brands within the real estate envelope. It is through diverse capital sources – private, public and social – that significant shifts can be made, shifts that make a difference – one neighborhood at a time.

LEARN MORE ABOUT SHIFT CAPITAL