Permits have been issued for the construction of a massive multi-family development planned at 650 Fairmount Avenue in Northern Liberties, North Philadelphia. Designed by ISA Architects, the complex will contain a total of 407 residential units, 60 of which will be affordable, situated within two large apartment buildings and a series of townhouses. The apartment buildings will each rise six stories tall. The first will hold 231,346 square feet of interior space with 207 residences and a roof deck, and will cost $17.6 million to build. The second building offer 90 units, with 97,475 square feet of interior space and a construction cost estimated at $7.1 million. Also included in the development will be 21 single-family homes, 28 duplexes, and 10 triplexes, all available for sale. The complex will offer parking for 221 cars and 111 bicycles.
Developer Parkway Corporation is seeking to redevelop a block-spanning, 53,568-square-foot parking lot at 1443-49 Cherry Street in Logan Square, Center City. The developer’s “opportunities” page states that the site is currently available for development and can support 642,816 square feet of buildable space at a floor-to-area ratio of 12:1, or whopping 1,071,360 square feet at an FAR of 20. Discounting any potentially applicable height limits, the site is theoretically capable of housing a skyscraper that rises well over 50 stories, a podium with ample retail space, and still have enough leftover room for a public plaza and/or promenade.
The 26th place on Philly YIMBY’s December 2021 Development Countdown goes to the 275-foot-tall, 19-story residential tower proposed at 619 North Broad Street in Poplar, Lower North Philadelphia. Designed by Varenhorst for KFA Investment, the development is proposed on the east side of Broad Street, between Mount Vernon and Wallace streets. No permits have yet been filed, and our recent site visit did not find any signs of ongoing construction activity.
Permits have been issued for the construction of a mixed-use building at 20-46 East Armat Street in Germantown, Northwest Philadelphia. Upon completion, the building will rise four stories tall. The ground floor will be home to a new commercial space, while the upper floors will hold 47 residential units. In total, the building will contain 45,554 square feet of space. Olney Construction is listed as the contractor. Construction costs are estimated at $7 million.
Parkway Corporation, the proprietor of multiple parking lots and other real estate in Center City and beyond, seeks to redevelop a parking lot, likely in conjunction with a partner, at 26-30 South 21st Street in Center City West. The 26,127-square-foot, L-shaped site is bounded by 21st Street to the east, Van Pelt Street to the west, and Ludlow Street to the north. According to Parkway documentation, the site is situated within a CMX-4 mixed-use district and can accommodate 130,635 square feet of built space at a floor-to-area ratio of 5:1, or 313,524 square feet of space at an FAR of 12:1. With the right design, and height limits notwithstanding, the site may accommodate a development rising around 30 or so stories.