A three-story, four-unit condominium has been completed at 2509 Grays Ferry Avenue in Graduate Hospital, South Philadelphia. Designed by Gnome Architects, the structure stands at an angled lot at the junction of Grays Ferry Avenue and South 25th Street, facing the intersection with Christian Street. The development spans 5,624 square feet, lending an average of around 1,400 square feet per residential unit. Permits list Point Builders Design Concepts as the contractor and a construction cost of $285,000.
The finished product turned out rather close to original renderings, which is positive news given the structure’s dynamic yet not overly flashy design that combines traditional and modern motifs with a facade of classic red brick and sleek vertical gray panels. Black trim adorns both facade types and adds unity to the composition. The structure meets the intersection with a curved brick wall reminiscent of a seagoing yacht, with a balcony and projecting cantilever behind rising like the captain’s bridge. The gently slanted roofline, capped with an open-air deck reserved for the penthouse, further contributes to the maritime aesthetic, which nevertheless remains anchored into local vernacular via brick walls of a height and materiality that match adjacent prewar rowhouses.
The development has already proven commercially successful. Unit 2 has been sold in June of last year for $525,000. Unit 3 went for $590,000 in October. Unit 4, with features a spacious roof deck with dramatic skyline views, fetched a whopping $750,000 in May. The three-bedroom, three-bathroom Unit 1 is still listed on the market for $550,000.
The building rises in the far western section of Graduate Hospital, near the still-industrial Schuylkill River waterfront and two blocks away from the hulking chimneys of the PECO power plant at 830 Schuylkill Avenue. However, the predominantly prewar neighborhood is quaint, leafy, and sits close to both South Street and the Schuylkill River trail. In recent years, the surrounding blocks have seen a surge in new residential constructions, including scores of new buildings directly across from the power plant itself. The development boom speaks to the enduring popularity of South Philadelphia as a residential destination with a storied past and a bright future.