North Broad St. continues to develop. We have covered a ton of projects on or surrounding Broad St. north of Spring Garden. We told you about the 225-unit mixed-use tower planned for Broad and Jefferson, the 521 units rising at Broad and Ridge, the 40-unit plan at Broad and Norris, the 41-unit Stable Lofts project, and the 290-unit mixed-use plan for Broad and Spring Garden. We predict that we will be covering many more projects on North Broad in the future.
Today, we bring you a project on the 16,000 square foot CMX-4 zoned lot at 915-23 N. Broad St., which sits just south of Girard Ave. Developers are planning a 6-story addition over the current 1-story structure on the property. The development will include 70 residential units over 63,182 square feet, 6,335 square feet worth of retail space, and 14,838 square feet of office space along with 21 car parking spots and 24 bicycle spaces. The parking garage entrance is planned for N. Watts St.
Renderings were recently released in preparation of the project’s appearance before the Civic Design Review (CDR) on September 3rd. We think the design of the project is appropriate for N. Broad St., but must point out that there will be no signs of the old 1-story buildings when the development is completed. A new facade will be installed on the first floor that matches the rest of the building.
The project will also have to appear before the Zoning Board of Adjustment (ZBA) on September 18th as “twenty-one (21) accessory parking spaces within a garage requires special exception approval from the Zoning Board of Adjustment in the CMX-4 zoning district.” We see no reason why the ZBA should deny this project as it is meeting the required 3/10 ratio of parking spaces per unit in multi-family developments in CMX-4 zoned properties. We would prefer 0 parking spaces at a location that is a less than 1 minute walk to the Broad St. Line Girard Station.
How do you feel about this development and its design? What kind of retailer would you like to see open up shop here?
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