Permits have been issued for the construction of a six-unit multi-family structure at 3847 North Broad Street in Hunting Park, North Philadelphia. Upon completion, the structure will rise three stories tall and will feature a cellar. In total, the building will hold 5,478 square feet of space, with construction costs estimated at $705,000.
The new building will replace a vacant lot, one of many in the area, suggesting that there is much more potential for future development. A blue-painted wooden fence blocks the lot off from the street, where a grassy area sits behind. The property is a hole in the center of an ornate pre-war townhome row, one of many such beautiful stretches of Broad Street.
The location sits in a prominent and desirable location, just steps from the Broad Street Line, as well as the Temple University Medical Cluster, a large employment center in the area.
The development represents the latest in a growing string of projects proposed in the area. As neighborhoods to the south continue to see increased development demand, it seems as though developers have also fixed their site on the area, meaning much more growth is likely to arrive in coming months and years.
No completion date is known for the project at this time.