Market Overview

Bock Development Group Nears Completion of The Nest at 1324, Starts Leasing October 1


Philadelphia's newest $75 million student housing community offers
luxury living in the heart of Temple University's campus

Temple University students just got a new off-campus address to choose
for their 2019 school-year housing: The
Nest at 1324
, scheduled to open June 2019, will start leasing this
fall. Developed by luxury residential developer Bock Development Group,
the 18-story, 234,000-square-foot student housing community is located
at 1324 North Broad Street and will offer students sleek living at an
affordable price and a five-minute walk from Temple University's main

After realizing that North Philadelphia has a dearth of new, high-end
off-campus housing options for the swelling student population at Temple
University, Bock Development Group's Founder and President Tom Bock set
to work to bring new apartments to bustling North Broad Street.

Designed by Cecil Baker + Partners, The Nest at 1324 is an all-glass,
192-unit apartment tower that can accommodate up to 528 students.
Students can choose between studios, two-, and private and shared
three-bedroom apartments. The first floor will have 1,500 square feet of
retail, and the second floor will offer a bevy of amenities for students.

"For Temple University students, The Nest at 1324 could not be in a
better location. It's across the street from the new Temple Sports
Complex, five minutes from classes on campus, steps away from public
transportation, and within walking distance to The Liacouras Center,"
said Tom Bock. "The amenities and furnishings are top-notch, and the
design of the building is modern while complementing the surrounding
historic architecture. For students and their parents that are looking
for safe, secure, upscale, and convenient student housing, you really
can't get much better than The Nest at 1324."

All units in the luxury student housing apartment tower will come fully
furnished with its own washer and dryer, 65-inch TVs, Wi-Fi, and cable.
Modern appliances in each unit include a dishwasher, garbage disposal,
and refrigerator with icemaker. Residents use a secure key fob for entry
to the building, elevators, their apartment, and bedrooms, ensuring
privacy for all residents, even those with roommates. The Nest will have
24/7 security with camera monitoring.

The Nest at 1324 will also feature an amenity level on the second floor
of the building that will offer everything a student needs to succeed.
The amenity level will include four study lounges where students can
collaborate on projects; a tech center for individual study; a
state-of-the-art fitness center with ample machines for cardio and
weightlifting; multiple lounges for socializing; two game lounges for
entertainment; and a terrace with seating, a fireplace, and a beautiful
view of the city skyline. The TV and game lounges will have a
double-sided fireplace in the center of the room to divide the space. A
landscaped garden will be situated along the entrance of The Nest with a
courtyard offering outdoor seating that can be used by residents and
customers of the first-floor retail space. The Nest will also offer
interior, secure bike storage.

"Nestled between two historic brownstones, The Nest at 1324 pays homage
to the storied past of North Broad while providing a community-minded
living space ideal for the needs of today's students," said Cecil Baker
of Cecil Baker + Partners. "Its striking contemporary exterior and
outdoor social spaces bring a contagious vitality to the neighborhood."

Leasing for the fall 2019 school year begins October 1, 2018. Pricing
starts at $750/month. Interested residents can call 484-365-1324 or
for more information and to schedule a tour.

About Bock Development Group

Bock Development Group (BDG) is a luxury residential real estate
developer headquartered out of Philadelphia, Pennsylvania. Founded by
Tom Bock, BDG re-imagines urban luxury by making living easy,
effortless, and fun. A sister company of the 70-year-old construction
company Ernest Bock & Sons, Inc., BDG is currently developing two luxury
living projects: 2100 Hamilton, a 10-story condo building in
Philadelphia's Art Museum District, and The Nest at 1324, an 18-story
apartment tower for Temple University students. For more information,

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