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Brevet Capital secures $150 million construction loan for 36-story residential tower

620-unit tower set to anchor latest project attempting to develop the waterfront site in South Philadelphia
Rendering the first building planned in the Wharton Piers development in South Philadelphia. (Perkins Eastman)
Rendering the first building planned in the Wharton Piers development in South Philadelphia. (Perkins Eastman)
By CoStar News Staff
February 26, 2026 | 2:00 P.M.

A New York-based alternative credit, private debt and finance firm is moving ahead with plans to build a 36-story residential tower on the Delaware River waterfront next year after securing a $150 million construction loan for the first two buildings in the project.

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News | Brevet Capital secures $150 million construction loan for 36-story residential tower