A recent site visit by Philadelphia YIMBY has observed that construction work appears to have stalled at a three-story, four-unit mixed-use building at 2331-33 East York Street in Olde Richmond, Kensington. The development stands on the east side of the block between Memphis Street and Cedar Street, just one lot south of the intersection of York and Memphis. Designed by Plato Marinakos, the building will hold commercial space (a restaurant, according to permits and the rendering) in the basement and on the first floor and four residential units above. The 7,400-square-foot structure will feature a roof deck, which, judging by the building’s height and lack of nearby obstructions, will offer decent views of the skyline. Permits list PASP LLC as the contractor and indicate a construction cost of $500,000.
2331-33 East York Street. Photo by Jamie Meller. August 2023
2331-33 East York Street. Photo by Jamie Meller. May 2024
When YIMBY visited the site last August (as seen in the first photo above), we found the structure topped-out and awaiting exterior cladding. Returning to the site nine months later, we found the structure standing in apparently the same condition except that the chain link fence around the site has been removed and the lower level has been boarded up. These signs strongly suggest that this is more than just a short pause in construction and that development is currently on hold altogether, and the appearance of graffiti and advertisements on the structure and the boarding suggests that the project has persisted in ints current state for some time.
2331-33 East York Street. Photo by Jamie Meller. May 2024
2331-33 East York Street. Photo by Jamie Meller. May 2024
YIMBY hopes to see a resumption of construction at the project in the near future.
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Why has construction stalled? Is it finances the problem?