Last week on our Instagram, we posted updated renderings of Post Brother’s multi-project plan to build 1.78 million square feet of new buildings in Northern Liberties. When finished, the projects will bring 1,515 residential units, a plethora of retail spaces, and an office building to the neighborhood. We mentioned that there are other sizable developments planned by other companies directly surrounding Post Brother’s projects.
One of those projects just had zoning permits issued for it last week. Stamm Development Group is planning a 6-story, 50-unit building with 9 parking spaces at 1102 Germantown Avenue. Stamm will be utilizing the green roof and mixed-income bonuses to achieve increased density and height for this project. The building will have a roof deck as well as a gym for residents.
Back in 2018, Streamline was planning a 24-unit mixed-use building on this site. However, since then, the property has traded hands and the size of the project has increased. We’re very happy to see the additional 26 homes that this project will bring to the neighborhood compared to the former plan.
The zoning permits don’t mention anything about a commercial space in the new plan, but the renderings depict two separate entrances for the building. We can’t imagine the residential lobby will utilize the whole ground floor. We have not seen any zoning variances granted that would eliminate the requirement for commercial space on this CMX-2.5 zoned property.
Overall, we really like the design of this project and look forward to it breaking ground. It’s a sleek looking building on a cool triangular parcel. The grey brick along with the stone and gold-toned accents stand out in a time where most new construction looks the same. The large windows along with the residential balconies on the front and back of the building should provide eyes on the street.
As we have mentioned before, Northern Liberties is going to feel like an extension of Center City in a few years. The blocks surrounding 2nd and Germantown Ave. are going to become one of the densest parts of the city. We should see a lot more people on the sidewalks and the retail scene should thrive with all of these new residents. The transformation is going to be incredible, and we look forward to seeing all of these projects progress.
How do you feel about this project and the continued development of Northern Liberties?
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