A recent site visit by Philadelphia YIMBY has noted that construction work is nearing completion at a four-story, five-unit multi-family development at 2628-32 Webster Street in Graduate Hospital, South Philadelphia. The project rises on the southeast corner of Webster and South Taney streets, near the Schuylkill River. Designed by Designblendz, the building will span 9,795 square feet. Permits list Michael Treacy as the contractor.
The construction cost is specified at $1.4 million, with $999,075 allocated toward general construction, $210,000 for mechanical work, $146,925 for electrical work, and $44,000 for plumbing.
The new development is situated just to the south of the Naval Square residential development and a few blocks south of the Children’s Hospital of Philadelphia’s Roberts Center for Pediatric Research, where one glass-clad high-rise was constructed several years ago and three more towers are in various stages of development. The complex is situated right next to the Schuylkill River waterfront, where the river trail is a popular attraction for residents on both sides of the river. The adjacent South Street bridge offers access to University City on the river’s right bank, with the medical district located next to the bridge.