Permits have been issued for the construction of a new three-story mixed-use project proposed at 5426 Market Street in West Philadelphia. The project site is located at the corner of Market and Conestoga Streets. D and V Contractors Inc. is listed as the general contractor for the project. 24 Seven Design Group is responsible for the designs.
Permits list a construction cost is $980,000, which includes $40,000 allocated for excavation work.
5426 Market Street Section via 24 Seven Design Group
The new mixed-use will feature five residential units and vacant commercial space on the ground floor. The total construction area spans 7,042 square feet and includes a basement level, which will be used solely for mechanical access. One of the apartments will be designated as an affordable dwelling unit in accordance with the city’s mixed-income housing bonus provisions.
The building elevation will stand approximately 36 feet to the top of the parapet, rising evenly with three full floors above the basement. The proposal includes a rear yard measuring 462 square feet and setbacks along Market and Conestoga streets to allow for sidewalk access and ADA-compliant improvements.
A mixed-income housing bonus was applied and approved as part of the zoning review. No timeline for groundbreaking has been announced.
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Since the new structure extends to the 5424 Market St. property line, the “Summer of Love” mural will be obliterated.