Back in July of 2019, we told you that Streamline was planning on building a mixed-use building on the corner of N. 2nd St. and Girard Avenue at 1134 N. 2nd St. in Northern Liberties. Construction is now well underway and many of the residential units are already pending sale. The development is being called North Liberty Triangle.
The project includes 84 residential units, underground parking, an exterior courtyard along 2nd Street, a gym for residents, and a large commercial space at the corner of 2nd and Girard. The residential units will be studios, 1 bedroom units, 2 bedroom units, and 3 bedroom units. The underground parking garage entrance is located on Germantown Avenue.
From the permits that have been issued for the property, it looks like a major pharmacy chain will be taking up space on the first floor of the building. This type of business will be a great addition to Northern Liberties, which continues to see more and more people move into the neighborhood. Streamline’s project is right across 2nd Street from Post Brothers’ 1,131-unit mixed-use project that is currently under construction and across Germantown Avenue from Stamm Development Group’s 50-unit plan. There are a ton more people that will need a pharmacy in this section of Philadelphia in the coming years and the corner of 2nd and Girard should provide great visibility for the chain.
This property was formerly a huge vacant lot with an old building that once had a bar on the ground floor. The area surrounding 2nd and Germantown Avenue is quickly transforming from the hole in the middle of Northern Liberties to the densest section of the neighborhood. We’re excited to watch how this area changes as all of these projects are filled up with people and to see what type of commercial businesses move into the new retail spaces.
How do you feel about this project and all of the development happening in this section 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