The pipeline of new development planned in Germantown keeps growing. We’ve recently told you about several projects underway and in the predevelopment phases in this section of Philadelphia. We have a feeling that there will be many more to write about over the next few years and beyond. But today, we’ll add just one more to the list.
Developers are planning a 4-story building with 47 residential units and ground floor commercial space and a roof deck at 20 E. Armat Street in Germantown. Zoning permits were issued to reconfigure the lot lines and for the new building earlier this month.
The 53,634 CMX-2.5 parcel currently holds a nearly 13,000 square foot building that is used as a location for an educational and health facility along with a giant surface parking lot. The zoning permits mention nothing about the demolition of the existing building, so we assume that the new building will be constructed somewhere on the surface parking lot.
This site sits just off of the Germantown Avenue commercial corridor right near where it intersects with Chelten Avenue. It’s also a short walk from the newly renovated Maplewood Mall. The nearby business owners along these strips will be sure to appreciate the new residents that this building will bring to the neighborhood.
We’re definitely happy to see plans in place to turn a sea of asphalt into homes for people. 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