3939 Chestnut (Past Client)

High-rise, mixed-use, with 65 residential apartments in University City, Philadelphia.

At the corner of 40th & everything.

3939 Chestnut was designed as the second part of the redevelopment of the northeast corner of 40th & Chestnut Streets in University City.  Featuring two floors of commercial space and 65 residential units, 3939 Chestnut specializes in studio and 1-bedroom units.

Equinox’s property management team was essential to the success of this project from Pre-Leasing Consulting and Lease Up, to stabilization and on-going operations and management of the property.  When 3939 Chestnut opened in Fall 2015, the building was over 50% leased and was 100% leased within 9 months of opening.

Project Highlights

  • Features two floors of commercial space currently occupied by Philadelphia staple, Dim Sum House
  • Features studio and  1 bedroom residential apartments
  • Apartments feature full kitchens with all appliances and a all-in-one washer and dryer
  • Located in the heart of University City, walking distance to UPenn, Drexel, and SEPTA’s 40th Street Station
  • 3939 Chestnut was 100% occupied within 9 months of opening