Developers are aiming to consolidate 3 industrial parcels surrounding Paoli Ave. and Umbria St. in Roxborough in order to build a mixed-use project. The properties include 5001 Umbria St., which currently holds a small diner, and 115-121 Paoli Ave., which is the home to an industrial business. Combined, the lots total 85,856 square feet (nearly 2 acres).
The development team is proposing the construction of 178 residential units plus a retail space within 2 buildings with 110 parking spaces, a green roof, and a roof deck. The top building, accessed from Paoli Ave. would rise 6 stories, and would include 125 units throughout 21,887 square feet of interior space. The lower building, accessed from Umbria St., would rise 5 stories, and would include 53 units and a commercial space throughout 11,152 square feet of interior space.
The buildings’ facades will be constructed out of two types of brick, corrugated metal panels, pac-clad metal, and hardie plank siding. The parking on the lower building would be within a garage accessed on Umbria St. Surface parking for the upper building would be accessed by a drive aisle on Paoli Ave.
In order to proceed, this project will need a zoning variance as residential uses are not allowed by-right on Industrial Commercial Mixed-Use (ICMX) parcels.
The property is only a 900 foot walk to the Ivy Ridge Train Station and is across the street from a bus station. We think a dense residential project fits well here since it is so close to public transportation. It is also nice to see a commercial space included in the project since the diner will be eliminated if this proposal is approved.
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