Foundation work appears complete for the four-story, six-unit building at 245 North 12th Street in Chinatown, Center City. Designed by Coscia Moos Architecture and developed by R+M Development Partners, with the Tester Construction Group as the contractor, the development will rise from a 1,776-square-foot footprint and contain 7,661 square feet of interior floor space. The roof deck promises to offer dramatic views of the skyline, given the structure’s future prominence. Other features will include full sprinkling, six off-site parking spaces, and parking for seven bicycles. Construction costs are listed at $1 million.
In June we reported that permits were issued for the site, which consisted of a parking lot at the time. Our site visit revealed that, since that time, the lot has been excavated and a single-story-deep concrete foundation has been poured, and currently awaits assembly of the superstructure.
The building rises in the western section of Chinatown, also known as the Convention Center District due to its proximity to the latter. The area is home to numerous parking lots, which are likely to become a development hot spot in the near future, given its central location, transit adjacency, and a growing demand for Center City real estate. The same developer-architect-contractor team is currently working on another development at 225-27 North 12th Street on the same block. In addition, Parkway Corporation intends to develop a series of parking lots situated next door to the north and east, which would yield a much larger structure.