The Time Has Come to

Reinvest & Reinvigorate

North Philadelphia

At the heart of North Philadelphia sits the 3700 block of North Broad Street. This critical block sits 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 a new revision that combines both old and new while reinvigorating an intersection, a community,and in turn North Philadelphia

Phase One

The Beury Beacon

THE BEURY will be the heart of redevelopment of the 3700 block of Broad Street. The building will be repurposed to become a the heart of the community once again.

The building is slated to begin construction towards the end of 2017 and be open by the Summer of 2019. The project will consist of 80 one-bedroom units and 20,000 square feet commercial space. Currently, the project is seeking an anchor retail tenant who can take advantage of the expansive and elegant former bank lobby space. The commercial will also be available to office users and groups seeking to take advantage of its transit oriented location.

THE RESIDENTIAL SPACE will be located on floors three through eleven. Each apartment will be a one-bedroom, with a kitchen, bathroom, living room, bedroom, and closets. The average size of each apartment will be 624 square feet. A community room, lounges, and laundry will be located throughout the residential section of the building.

The Beury Building will have fifty apartments set aside for those eligible by the Pennsylvania Housing Finance Agency and the city of Philadelphia. Some apartments will be preferentially leased to people with physical disabilities and will be fully accessible for wheelchair users.

THE COMMERCIAL PORTION of the Beury Building will encompass floors one, two and eleven and is now seeking preliminary tenants interested in space.

The intersection provides retailers and commercial tenants a unique opportunity to be situated at the 2nd busiest transit hub on the Broad Street line and just a block and a half from Temple's Medical Campus.

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Phase Two

The Annex

The extension of the Beury building will consist of approximately 10,000 sq ft of retail, 100,000 sq ft of additional commercial opportunities and up to 80 residential units.

The importance of scale and density is critical to an inter-section 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.

The Neighborhood

The neighborhood is located just 12 minutes by the Broad Street subway line to City Hall
and is anchored by Temple Medical Campus and the Germantown Ave Business Corridor.

To request more information on The Beury Project, make sure to fill out our contact form.

Request More Information

Our Story

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

Shift Capital recapitalizes the project in 2012, with a renewed focus to realize a development plan that is both impactful and feasible.

With full support of the community, applied to OHCD in 2014 and PHFA in 2015 with a program of senior affordable housing and a health clinic. This effort was unsuccessful.

Partnered with Bethesda Project in Fall of 2015 to realize a vision to integrate health services with a unique model to target the most disenfranchised in the city.

Working jointly, Bethesda and Shift applied for OHCD and PHA funds in 2015 and were unsuccessful. The team will work with the city and community this year to strengthen its application for 2016.

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

Leasing Opportunities

BEURY is actively seeking leasing partners to join the current like-minded organization
seeking to transform North Philadelphia. Below you will find layout information and additional
information on the commercial office and retail opportunities.

If interested, please contact our office at 267-773-7969.

Partnership Opportunities

As stated in over 30 planning documents created by various planning agencies in the last 25+ years, the Beury building
is the KEY to the redevelopment of North Philadelphia. Ideally situated along public transportation and providing
massive visibility for those entering the city from the North end of the city, the Beury building is the northern gate
to the density-rich neighborhoods of the city. Additionally, the building has been a symbol of the city’s decay over
the years. As such, it will also be noted as the symbol of the city’s revitalization.

We are seeking partners in a variety of capacities to help us realize this vision. This may be in the form of philanthropic support, such as foundations interested in securing a better future for residents of North Philadelphia. Or, it may be corporate sponsors who seek to both do well and good for the community through exposure along the city’s most important North/South axis.

We understand that creativity and promoting collaboration is critical to realizing the execution of a project of this scale and ambition. Please join the conversation with us.

Need More Information?

If you are a student, or Philadelphia resident,The Beury might be for you! For more information on The Beury Project, please fill out the form with you contact information. Your request for information will be important for us to determine interest and may assist in an accelerated timeline. Please add any extra questions in the “other notes” sections.

Although we may not be able to respond to all inquiries, we will keep your information confidential and notify you in the future of any updates.

The Time Has Come to Reinvest & Reinvigorate North Philadelphia