Site preparation is underway for a 13-story, 382-unit mixed-use high-rise at 501 Spring Garden Street in Northern Liberties, North Philadelphia. During Philly YIMBY’s recent site visit, we observed that the single-story, suburban-style mall that previously stood at the site appears to have been entirely demolished. Designed by Bower Lewis Thrower Architects (aka BLT Architects) and developed by RREI LLC, the 153-foot-tall structure will offer 60,810 square feet of retail, providing a significant anchor for the long-desolate yet rapidly up-and-coming southern section of Northern Liberties. Due to construction fencing, it is unclear whether the excavators and other machinery and equipment spotted at the site were in the process of finishing the demolition, clearing the site, or actually starting excavation. In either case, it is evident that work is finally underway at the much-anticipated development.
Developer RREI LLC, run by the father-son team of Neal and Victor Rodin, has announced the completion of the $16 million purchase of the 105,899-square-foot lot at 501 Spring Garden Street (aka 501-39 Spring Garden Street) in Northern Liberties, North Philadelphia, where they plan to construct a large mixed-use project. Designed by BLT Architects, the 13-story building will feature 382 residences and 60,810 square feet of retail, as well as 211 parking spaces. The acquisition was complicated by the site’s ownership being split between 11 different entities, and took five years to complete as the result. Having finally completed the transaction, the team is ready for the next steps in adding this important project to the up-and-coming neighborhood.