A recent site visit by Philadelphia YIMBY has observed that foundation work is underway a large mixed use building at 1801-05 North 2nd Street in Olde Kensington. The building will stand five stories tall and feature 20 residential units as well as two commercial spaces at the ground floor and parking in the basement. The structure will hold 25,106 square feet of interior space. Permits specify a cost of $2.51 million.
The development site, situated at the northeast corner of the intersection of 2nd Street and West Montgomery Avenue, had previously housed a large brick-clad warehouse. Since we last reported on permits issued in 2021, the site had been cleared and concrete foundations had been poured.
1801-05 North 2nd Street is situated in a transition zone between a residential neighborhood to the east and a commercial/industrial district, anchored along North American Street, to the west. The construction of an apartment building at the location is feasible due to its short walking proximity to the Berks Station on the Market-Frankford Line to the northeast.