As Penn and Drexel continue to expand in all directions, the appetite for student housing refuses to be sated. Builders McAlinden & Regan, two extremely pleasant fellows if we do say so, are in the midst of transforming the corner of 40th and Baring Sts. into a paradise for students looking for the right place to live at the right price.
Having recently completed 4011 Baring St, a 10 unit building containing mostly 2 bedroom apartments with a smattering of 3 and 4 bedrooms units, McAlinden & Regan are mere weeks away from finishing a 15 unit building on the corner. 4011 is fully rented and almost fully occupied, and they will begin leasing the new building shortly. Apartments are renting for, on average, between $500 and $600 per room.
Just two blocks North of Market St, Baring St. has not had a great run these past years, but development like this promises to transform this neglected area on the fringe of Penn and Drexel. If you take a look at what surrounds these beautiful new buildings, you can see that help can’t come soon enough.
A special bonus: We got a look inside one of the units in 4011 Baring St.
Kind of makes you wonder how you survived your grungy college apartment with rotting floors, moldy carpets, and crumbling drop ceilings. Ah, memories…