Earlier this month YIMBY shared the news of developer Equus Capital Partners announcing the start of development on 400 West Elm, a 13-story, 348-unit residential high-rise at 400 West Elm Street in Conshohocken, PA, three miles to the northwest of Philadelphia. Designed by JDAVIS, the building will rise on the Schuylkill River waterfront, just to the northwest of the Conshohocken Station of SEPTA Regional Rail. Equus, in partnership with USAA Real Estate, have closed on a joint venture and first round of financing. Construction prep is currently underway at the site, with McDonald Building Co. as the contractor. Today we take a detailed look at the development and what it means for the spirit and ambitions of the rapidly growing town.
Permits have been issued for the construction of a 20-unit mixed-use condominium building at 1324-38 Frankford Avenue in Fishtown, Kensington. The new building will rise four stories tall and will feature commercial space at the ground floor. A roof deck and a green roof will be situated at the top. The structure will span a total of 21,472 square feet of space.
The 21st place on Philadelphia YIMBY’s December 2021 Development Countdown goes to the 315-foot-tall, 24-story tower proposed at 300 North Christopher Columbus Boulevard in Northern Liberties. Designed by Handel Architects and developed by The Durst Organization, the 316-foot-tall tower will feature 10,094 square feet of ground-level retail as well as a new public park as part of the development. The site is located on the Delaware River waterfront a block to the north of the Benjamin Franklin Bridge, on the border between Northern Liberties to the north and Old City to the south.
Developer Parkway Corporation is looking to redevelop a 39,564-square-foot parking lot at 735 Arch Street in Market East, Center City, into a building that may yield 197,820 square feet with a floor-to-area ratio of 5:1. No permits have been filed for the site nor have any specific proposals, if they exist, been revealed to the public. It appears that Parkway is currently seeking a development partner or anchor tenant, given that the parcel is listed in its “opportunities” section. The lot is situated within a Federal Opportunity Zone, an economic development program that encourages investment in specially designated “distressed areas” by providing major tax incentives to developers.
The 22nd place on Philadelphia YIMBY’s December 2021 Development Countdown goes to the 315-foot-tall, 24-story tower proposed at 702 Sansom Street in Market East, Center City. Designed by SLCE Architects and developed by Toll Brothers, the development will hold 85 residential units. Its location on Jewelers’ Row has been somewhat controversial and has led to considerable design revisions. Our recent site visit revealed that the cleared site still sits vacant with no work in progress, appearing just as it did a year ago.