Permits have been issued for the renovation of a former industrial building located at 2501 Oakford Street in Grays Ferry, South Philadelphia. The former factory is set to receive an extra floor on top of the current four-story structure and to become home to 54 apartments as well as commercial space. Though not mentioned in the latest permit, a similar permit dating to May 2018 also called for artist studios and a roof deck, which would offer sweeping views since the tall-ceiled floors make the structure stand prominently above the low-rise surroundings. The owner is listed as 25th and Oakford LLC, with Reed St builders LLC listed as the contractor.
The currently-abandoned property will require extensive renovations both inside and out. Permits mention work such as asbestos removal and repairs and (presumably partial) replacement of the existing facade. The new development would add much-needed density and activity to a long-neglected yet quintessential Philadelphia neighborhood, notable for the location of the Rocky Balboa (Creed) house at 2504 Federal Street, located just a block-and-a-half, or slightly over 200 feet, north of 2501 Oakford Street.