http://www.philly.com/philly/busines...unt-award.html
"Among them is $3 million for the 1300 Fairmount Ave. development on the large vacant lot just south of the Divine Lorraine apartments on North Broad Street. New York-based developer RAL Cos. & Affiliates plans 486 apartment units, a supermarket, and a 6,000-square-foot public plaza.
The grant “is clearly a critical component to making this happen,” RAL president and chief executive Robert Levine said in an interview. The company is currently negotiating with a supermarket tenant for the project’s retail space, and aims to break ground in about eight months, he said."