Transit-oriented development is catching on in Philadelphia’s outlying neighborhoods. We have seen a ton of development surrounding the Berks El Station over the last few years. A 93-unit mixed-use building is under construction near Front and Norris, a 17-unit mixed-use building recently broke ground at Front and Coral, and a warehouse will soon be replaced by an 80-unit mixed-use development at Howard and Norris. Believe it or not, these are not even all of the projects happening or recently completed in the area surrounding the Berks El stop.
Right around the corner from the 93-unit project, another mixed-use project is planned. Permits were recently pulled for the construction of a 5-story, 17-unit building with ground floor retail. The building will rise on the 4,776 square foot CMX-2.5 zoned lot at 2013 N. Front St., which sits within a qualified opportunity zone. At the end of 2018, the following parcels were combined to create the development site: 2013-15 N. Front St., 2012 Amber St., and 2014 Amber St.
The gravel and dirt-filled parcel has been used as a parking lot the last several years. Before then, heavy machinery was stored there. We think a mixed-use building is a much better use of the land. We look forward to the increased amount of residents near the Berks stop and to seeing what kind of business opens in the retail space. What kind of retailer would you like to see lease the ground floor?
Kyle is a commercial real estate agent at Rittenhouse Realty Advisors, a homeowner, and a real estate investor in Philadelphia. Kyle uses his extensive Philadelphia real estate market knowledge to help his clients buy and sell multifamily investment properties, development opportunities, and industrial sites.
Email Kyle@RittenhouseRealty.com if you are looking to buy or sell a property