If you take a walk along 2nd Street from Girard Avenue to Spring Garden Street in Northern Liberties, you’ll be amazed at the amount of construction underway. Just a few years ago, there were a ton of vacant and blighted properties lining the thoroughfare, especially on the northern side of the neighborhood. Today, this section of Northern Liberties is one of the biggest hotbeds of development in Philadelphia.
Now, it looks like a prime corner in the core of the 2nd Street commercial corridor will be redeveloped. Catalyst City Development and Southwood Properties plan to demolish the lowrise warehouse on the southwest corner of 2nd and Poplar to make way for a 5-story, roughly 60,000 square foot building with 55 residential units and 9,000 square feet of ground floor commercial space.
The renderings, designed by CosciaMoos Architecture, depict a modern building with angled bays and a strong corner commercial presence. Some of the residential units seem to have balconies overlooking 2nd Street. Residents of the building will also have access to a rooftop deck.
A zoning permit was issued for the project in June. No construction permits have been issued to date, but we imagine we will see demolition move forward in the coming months.
We’re extremely excited to see this dead corner activated and for another 55 homes for people to be built in Northern Liberties. The neighborhood is beginning to feel more and more like Center City and will even more as all of the projects in the area are completed and leased up.
Are you happy to see something happen on this prime corner? 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