It seems like almost weekly, we’re covering a significantly sized project in Germantown with many of them surrounding the Chelten Avenue and Germantown Avenue commercial corridors. As these new projects come online, we should see new businesses open in the neighborhood fueled by new commercial spaces being built and new residents moving into Germantown.
Today, we bring you a project that will replace a surface parking lot at 212 West Rittenhouse Street. In the parking lot’s place, a 5-story building with 32 residential units, ground floor commercial space, 16 parking spots, 11 bicycle stalls, and a roof deck will rise.
The first four stories of the facade will primarily be constructed of brick while the top level looks to be wrapped in black metal panels. The commercial space will occupy the full street frontage along Rittenhouse Street. There will be residential balconies fronting both Rittenhouse Street and Marion Street. The parking entrance and exit will be located on Marion Street towards the back of the building.
The project can proceed by-right on this 9,785 square foot CMX-2.5 zoned parcel. Zoning permits were issued in August and construction permits were issued in November.
We think the design of the building is quite attractive and appreciate the residential density that the project will bring just off of Chelten Avenue. We would have liked to have seen less or no parking spaces included in the plan and wonder how many future residents will opt to pay for a private parking space.
How do you feel about this project? What kind of business would you like to see open in the commercial space?
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