The Asociación de Puertorriqueños en Marcha (APM) has partnered with the Jonathan Rose Companies, of New York, and Wallace, Roberts, and Todd to develop Paseo Verde. Meaning “green way” in Spanish, Paseo Verde is to be a major new mixed-use development at 9th and Berks, in Lower North Philadelphia. The property was acquired by the development partnership last week. Groundbreaking is to be early next year.
Both affordable housing and design advocates should be justifiably thrilled. APM has been one of the most prolific, and successful, affordable-housing developers in the city for some time now. They recently opened the Sheridan Street Houses, an innovative project by Interface Studio Architects.