We’ve recently told you about several large projects that are under construction north of Spring Garden Street along Delaware Avenue. We also just alerted you that a 78-unit project was approved at Frankford and Delaware Avenue across from the casino. Delaware Avenue is finally beginning to have its modern heyday in the Riverwards and is transforming before our eyes.
Today, we have another large development to tell you about along this strip that recently broke ground after design iterations. Streamline Development has broken ground on a 7-story, 172,600 square foot building with 182 residential units 44 parking spots, and roof deck space on the 40,119 square foot, CMX-3 zoned parcel at 1130 North Delaware Avenue.
The facade will primarily be clad in white brick with large windows and residential balconies overlooking Delaware Avenue. The parking entrance will be located on East Allen Street and a loading dock will be located on Marlborough Street. Although the project will rise 7 stories on the river side of the site, the Allen Street side will only rise 4 stories. The Allen Street side will be composed of stacked townhomes while the Delaware Avenue side will feel more like a traditional apartment building.
This project is replacing a surface parking lot and a lowrise warehouse, which was demolished months ago in anticipation of the groundbreaking. The site sits right across Delaware Avenue from Penn Treaty Park and right next to the renovated historic Edward Corner Building.
We’re very excited to see this project rise and for more residential density on the riverfront. With all of the project under construction on Delaware Avenue along with the powerplant renovation and Northbank filling up, we imagine there will be a lot more people utilizing Penn Treaty Park in the near future.
How do you feel about this project? Are you happy to see a parking lot and warehouse turned into homes for hundreds of people?
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