Back in July, we told you about 56 new residential units and multiple commercial spaces coming to the area surrounding the Fishtown / East Kensington Roundabout. This once dangerous, 6-point intersection was recently reconfigured with a roundabout, making it safer for pedestrians, bicyclists, and automobile drivers.
Not only has the road changed, but two major projects have also contributed to the transformation of this gateway between Fishtown and East Kensington. Khosla Properties recently completed a 15-unit + commercial building at 2400 Frankford Avenue, which is called The Dash. Across Frankford Avenue from The Dash, Philly Capital Group has wrapped up The Fishtown Flatiron, another 15-unit + commercial building. Both of these buildings are beautifully designed and have been a catalyst to surrounding development.
When we updated you on The Dash and The Fishtown Flatiron back in July, demolition was underway in anticipation of another project surrounding the roundabout (note the demo underway in the photo from July). The demolition of 4 older multifamily buildings proceeded through last summer and now we are happy to report that the new development has officially broken ground.
Archive Development is moving forward with a 4-story, 20,474 square foot project with 22 residential units, a 2,529 square foot commercial space, 8 bicycle stalls, a green roof, and a roof deck on the 6,426 square foot, CMX-2 zone parcel at 2406-12 Frankford Avenue.
The project was designed by Canno Design, who also did the architecture work for the new buildings to the north and south of this development. 2406 Frankford will be clad in light grey bricks with large, industrial-style windows and steel accents along the facade. The ground floor commercial space will sport great street presence and will add to the growing retail energy along this section of the thoroughfare.
We’re extremely excited to see this project moving forward and for Frankford Avenue north of York Street to continue its renaissance. There are multiple new restaurants and shops that have recently opened in this pocket of the neighborhood with more on the way.
What do you think about this project and its design? 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