Permits have been issued for a multi-family addition above an existing building at 223-25 Market Street in Old City. Currently, the building stands three stories tall. Designed by the Atrium Design Group, the addition will upgrade the height up to six stories ant the interior area to 23,685 square feet. A commercial space will be added to the ground floor, while the upper floors will hold 22 residential units. A roof deck will be made accessible via a pilot house. Construction costs are estimated at $3.5 million.
The existing building at the site features a brick-clad exterior, similar to most buildings in the neighborhood. It isn’t necessarily the most elaborate facade in the area, but it certainly isn’t unattractive and its preservation is ultimately a positive. Meanwhile, the new addition will take on a more modern approach, featuring dark gray cladding that will create a contrast with the existing brick. Balconies will also be included along the front-facing facade and will add another interesting feature to the design.
As it stands today, the building does not make for the most efficient use of space on Market Street, in one of the densest neighborhoods in the city. So while its demolition was certainly not desired, a large building at the site was. Luckily, the new development will still preserve the existing facade while increasing the height and creating 22 residential units, a solid addition to the neighborhood’s greatly-desired housing stock. Additionally, the new commercial space along Market Street will help to maintain it as one of the city’s leading commercial corridors.
The site sits within walking distance from an abundance of notable destinations. Almost any major location within Center City can be accessed on foot, as well as a massive supply of restaurants and businesses. Green spaces like the Independence Mall and Washington Square are just blocks away, and the site is just steps from the 2nd Street Station along the Market-Frankford Line, which is a good starting point for further travels.
No completion date is known for the project at this time, though construction may be finished by 2022 or 2023.