Permits have been issued for the construction of a 40-unit multi-family development at 1112-16 East Berks Street in Fishtown, Kensington. Upon completion, the building will rise four stories tall and will feature 14 bike spaces, and a roof deck with a green roof will also be included. In total, the building will hold 37,971 square feet of space. Construction costs are estimated at $4,556,520.
The new multi-family building will be replacing an existing one-story industrial structure. The existing building features an interesting exterior with brickwork located at the bottom of the structure and silver metal paneling located above. Two garage doors create curb cuts on the sidewalk.
The new project will improve the site’s contribution to the block by removing multiple curb cuts and expanding the use of the property. The one floor industrial building offers no residential space while the planned structure will add 40 residential units to the red-hot real estate market.
The site sits just off of Girard Avenue and is located a short walk away from Fishtown’s main commercial core. As often mentioned on this site for the projects that appropriately increase density, this project will help support local businesses and further strengthen the neighborhood.
Given the lack of parking included with the project, it is safe to assume that the building will not attract residents who depend on the automobile. Instead, residents will likely take advantage of the prime location which is within walking and cycling distance of many place. For more distant destinations, the Girard Avenue Trolley is just steps away and the Market-Frankford Line is accessible via a slightly longer walk to the Girard Station.
No completion date is known for the project at this time, though construction may be finished by 2022 or 2023.