Construction is progressing quickly on Next LVL, a mixed-use development at 4223 Chestnut Street in University City, West Philadelphia. Designed by JKRP Architects and developed by the Alterra Property Group, the roughly 250,000-square-foot building stands seven stories tall and is built with modular construction. The project will hold 281 residential units and eight thousand square feet of retail.
Alterra Property Group
Foundation work continues at LVL North, a nine-story, 410-unit development under construction at 510 North Broad Street in Spring Garden, North Philadelphia. A second tower crane has been recently erected at the site. Designed by JKRP Architects and developed by Alterra Property Group, the project is replacing a parking lot that formerly took up most of the block, as well as a a rowhouse formerly located at 563 North 15th Street. The structure will span over 378,000 square feet of total space, along with GIANT leasing nearly one-third of the building’s entire space for a grocery store on the lower levels, similar to Riverwalk. Residential space will take up over 268,000 square feet.
The Rittenhouse Square and Center City West neighborhoods are witnessing a boom in high-rise construction and proposals. At 2012 Chestnut Street, at the junction of the two neighborhoods, a four-story brick building formerly occupied by the Philadelphia Housing Authority will be transformed into a 20-story edifice with a height of 253 feet, designed by Cope-Linder Architects. According to the developer Alterra Property Group, the redevelopment will include 200 units to the city, of which 160 will be market rate with the rest reserved for lower-middle-income individuals. The developer also plans to allocate 7,000 square feet on the ground floor for commercial space.