Traditionally, the retail scene on East Girard Avenue has been less prolific the farther away from Frankford Avenue and the closer to Interstate 95 that you travel. However, over the last several years, we have seen multiple new businesses open on this strip, likely fueled by the new housing units added in this neck of the woods. Multiple multi-family and mixed-use buildings along with infill single family homes have been added on and just off of Girard Avenue in recent years.
It looks like another significant project is moving forward just south of Girard Avenue on East Berks Street. Construction permits were issued yesterday for a 4-story, 37,971 square foot building with 40 residential units at 1112-16 E. Berks Street. According to zoning permits issued in February, the project will be utilizing the moderate income housing bonus and the green roof bonus.
Demolition permits were also recently issued for the existing building on the site, which was most recently the home of Heclyn Precision Gear Company. The building is still standing, but an orange demolition notice is already hanging on the facade.
We look forward to this project moving forward and believe that the additional residents that it attracts to the neighborhood will help fuel the businesses in this section of Fishtown. How do you feel about this project?
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