The Allegheny West Plaza

Allegheny West Plaza, now a completed development, is a transformative mixed-use project located in the Tioga neighborhood of Philadelphia. Led by the Allegheny West Foundation (AWF), the project turned a long-blighted property into a vibrant community hub—bringing 45 affordable one-bedroom senior apartments (for individuals age 62+), commercial retail space, and AWF’s consolidated office headquarters to a historically underserved area.

The four-story, 55,295-square-foot building was designed with energy efficiency and accessibility at the forefront, achieving Passive House standards and incorporating 100% visitable units, 12 fully accessible units (twice the required number), and four units for residents with sensory impairments. Each apartment includes modern features like dishwashers and fully equipped kitchens, while shared amenities include a 1,287-square-foot community room, a shared laundry facility, and on-site management.

In addition to the housing component, the project includes 5,470 square feet of commercial space with separate entrances. A portion is occupied by AWF’s Tasty Thrift Shop, while the remainder is available for local retail, creating opportunities for jobs and economic development. Residents benefit from excellent access to public transit and local services. A landscaped parking area provides 14 dedicated spaces.

Allegheny West Plaza addresses the critical need for deeply affordable senior housing in the area, offering five units for seniors earning below 20% AMI, 30 units for those below 50% AMI, and 10 units for those below 60% AMI. A 30-year rent subsidy from the Philadelphia Housing Authority ensures long-term affordability.

The project was funded through a powerful combination of local and state support, including funds from the City of Philadelphia (CDBG/HTF/HOME), PHFA Low Income Housing Tax Credits, PHARE RTT/HTF, and Pennsylvania’s RACP program, alongside City of Philadelphia Commerce Department grants.

Stone Sherick’s Role:

Stone Sherick Consulting Group (SSCG) played a critical role in the successful realization of Allegheny West Plaza. As a strategic development advisor to AWF, SSCG guided the project from concept through financing and execution—helping secure a highly complex and layered funding package that included Low-Income Housing Tax Credits, PHFA PHARE funds, HOME and CDBG grants, Federal Home Loan Bank financing, and two major RACP and Commerce Department awards for the commercial component.

SSCG also provided development structuring expertise, assisting with zoning compliance, cost estimating, and financial modeling to ensure long-term sustainability and feasibility. Their work was instrumental in aligning the project’s design with Passive House and accessibility goals, enhancing both livability and operating efficiency.

By managing the coordination among public funders, architects, and community partners, Stone Sherick ensured the delivery of a high-impact, mixed-use development that now stands as a model of neighborhood reinvestment and equitable development in North Philadelphia.

Modern building with a mix of gray, white, and red panels, large windows. Clear blue sky enhances the vibrant, urban scene.

Allegheny West Foundation

$19,000,000 value

45 units

Project gallery

Modern break room with green and beige walls, round tables, and tan chairs. Kitchen area with appliances.

Bus shelter labeled "23rd & Venango Bus Loop" with people seated inside. Modern building and fall trees with yellow leaves in the background under a clear blue sky.

Modern kitchen and dining area with beige cabinets, stainless steel appliances, and round tables with brown chairs. Large window showing a street view.

A modern, colorful building with red, blue, and gray panels sits under a clear blue sky. Large windows are prominent, reflecting a vibrant urban setting.

A modern hallway with beige and green walls, exit signs, and a row of mailboxes. The wooden floor and soft lighting create a calm atmosphere.

Street scene with a modern building on the right, featuring red and gray panels, and trees on the left. A bright blue sky with fluffy clouds overhead.

A well-lit hallway with beige walls and wooden floors.

A well-lit hallway with beige walls and wooden floors. A white door labeled "411" is on the left.

Modern building entrance with dark brick, red and blue accents. Glass door and window display the address "2221 W Venango Street."

A modern, colorful building with red, blue, and gray panels. Large windows are prominent, reflecting a vibrant urban setting.

A modern, colorful building with red, blue, and gray panels sits under a blue sky. Large windows are prominent, reflecting a vibrant urban setting.

Modern, multi-story building labeled "Allegheny West Plaza" at night with large glass windows.

Modern building with a mix of gray, white, and red panels, and large windows. Clear blue sky enhances the vibrant, urban scene.

Modern, multi-story building labeled "Allegheny West Plaza" at dusk. Large glass windows reveal warmly lit interiors. Nearby, a "Do Not Enter" sign is visible.

A well-lit hallway with light brown wood flooring leads to two elevators with open doors, surrounded by olive green walls, creating a modern, clean ambiance.

Modern building with a mix of gray, white, and red panels, and large windows.

Close-up of a modern building with red, white, and brick sections. Black-framed windows create a geometric pattern.

Modern building with dark brick facade under a clear blue sky. "ALLEGHENY WEST PLAZA" is prominently displayed in white text. Shadows of trees add texture.

Hallway with light wood floors, leading to glass exit doors. A sign indicates directions to community room, mailroom, and other facilities.

Aerial view of a person walking on a path next to a checkerboard wooden deck and a red roof. Geometric patterns create a modern, structured feel

A hallway with green walls, beige mailboxes, and a "Mail Room" sign on the right. Glass exit doors with red exit signs are on the left.

Modern kitchen with light wood cabinets, stainless steel appliances, and marble countertops.

Empty room with a wooden floor, beige walls, and recessed lighting. A window with blinds allows natural light in.

Modern kitchen with stainless steel appliances, light wood cabinets, and marble countertops. Hardwood floor adds warmth to the sleek, clean design.

Modern bathroom with light wood cabinets, white countertop and sink, toilet, and a large mirror.

Modern kitchen with light wood cabinets, stainless steel appliances including fridge, stove, dishwasher, microwave, and sleek marble countertops.

An open elevator with a mirrored interior on the fourth floor, flanked by a closed elevator and exit doors in a brightly lit hallway.

Modern kitchen with light wood cabinets, stainless steel appliances including a stove and fridge, and a sleek white countertop under bright ceiling lights.

Modern interior with large glass windows overlooking a sunny residential street.

Sunlit room with large windows, featuring red-cushioned wicker sofas, a glass table, and striped pillows.

Modern building with a mix of gray, white, and red panels, large windows, and bus stop in front. Clear blue sky enhances the vibrant, urban scene.

Modern building with colorful facade and large windows under a clear blue sky. Grassy area and sidewalk lead to an inviting entrance.

Modern rooftop terrace with wooden tiles and greenery. Glass-walled building reflects vibrant blue sky and surrounding urban architecture.

Modern building exterior with large glass windows and contrasting brick façade, labeled "Allegheny West Plaza." Sunny day with clear blue sky.

A long, well-lit hospital hallway with beige walls, wooden railings, and a wood floor. Doors line the sides, with a "Stair 1 Exit" sign on the left.

A modern building with vibrant red accents stands near a bus station. Trees line the street under a dramatic, cloudy sky, creating a dynamic contrast.

The Allegheny West Plaza

Stone Sherick’s Role:

Project gallery

STONE SHERICK CONSULTING GROUP