Redevelopment includes mix of market & social housing plus plaza

Gastown PHILADELPHIA: The Portland Hotel Society is calling a redevelopment of Gastown’s Blood Alley and the historic Stanley Hotel a good deal for all involved.

“There are currently 78 low-income residents renting rooms at $375, which is the ministry [welfare] rate,” said Andy Bond, director of housing for the Downtown Eastside nonprofit. “And through a very long negotiation process, we have come to a place where, through the redevelopment, we will be getting 80 units of self-contained housing.”….

Full story covered in the Seniors Housing & Healthcare Trends.