New development is starting to appear block by block in Mantua. The West Philadelphia neighborhood is located just north of Lancaster Avenue near Drexel University, University City Science Center, and Penn Presbyterian Medical Center. We think that this centrally-located, transit-accessible area will see continued development in the future as University City’s two mega-projects; uCity Square and Schuylkill Yards are completed and occupied.
One project in Mantua that looks like it’s going to move forward in the near future is planned for the 8,912 square foot RM-1 parcel at 520 N. 37th St. Building permits were issued on February 4th for the construction of a 4-story, 38-foot-tall building with 22 residential units, 8 bicycle spaces, a roof deck, and a green roof on the site. The project will be utilizing the green roof density bonus.
This property formerly held a warehouse that was most recently used by a roofing company. The property sold in March of 2018 for $925,000. When we went by the site yesterday, the warehouse was demolished.
Directly behind 520 N. 37th St., a 9-unit building is rising at 3714 Haverford Avenue. Together, these two project will add 31 new residential units to the neighborhood. There are tons of other infill projects just like these happening throughout Mantua. West Philly is rising and we look forward to seeing it evolve over the next decade.
How do you feel about this project and the future of West Philly?
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