Although permits have been issued last year, Philadelphia YIMBY’s recent site visit has noted that construction has still not started at the six-story, 50-unit apartment building proposed at 502 Wood Street in the Old City section of Center City. Designed by JKRP Architects, the building will span 55,470 square feet and feature two elevators and parking for 13 cars. Permits list Tester Construction Group as the contractor and a construction cost of $5.55 million.
502 Wood Street rendering via JKRP Architects
502 Wood Street. Photo by Jamie Meller. February 2023
502 Wood Street. Photo by Jamie Meller. February 2023
502 Wood Street. Photo by Jamie Meller. February 2023
The proposal will replace a parking lot bound by Wood Street to the north, North 5th Street to the east, and North Randolph Street to the west, situated at the northwestern corner of Old City and facing the planted areas adjacent to the on-ramps to the Interstate 95 and the Benjamin Franklin Bridge. Our recent site visit did note certain progress since our last visit in August, as the parking lot has since been fenced off.
We look forward to further progress on the development.
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Not surprisingly, JKRP Architects’ non-contextual plans were rejected by the Historical Commission. There’s been a change in ownership and architect and new plans (but not renderings) have been released. TierView Development is now the developer and CANNOdesign is the architect. The six-story (unchanged), 65 ft tall (unchanged) new project includes 74-units (up from 50), and 16 car parking spaces (up from 13) and 25 bike spaces on the ground floor. When the plans are submitted to the Architectural Committee of the Historical Commission, more detail will be forthcoming.
It is an extremely generic design, I can picture it as Dorms at the University of Delaware or a professional building out on Lancaster Ave in Malvern.