The developer acquired the Northern Liberties plot for the proposed 13-story mixed-use building
After the developer purchased the planned land for the project at 501 Spring Garden St, the 13-story mixed-use building proposed by Northern Liberties took another step forward and became a reality.
According to reports, RREI LLC acquired the 105,000 square foot property for $16 million. Imby PhiladelphiaSince the ownership of the site was divided among 11 different entities, the acquisition took nearly 5 years to complete.
The project was designed by BLT Architects and is Introduced to Philadelphia’s Municipal Design Review Board in February 2020. The proposed building is located in the southwest corner of the North Free Zone and will include 382 residential units, more than 60,000 square feet of retail space and more than 200 parking spaces.
The total residential area will add more than 351,000 square feet to the project. The residential part of the building will be located in a tower spanning the eastern half of the property, and the entrance will be at the corner of North 5th Street and Green Street.
Most of the retail space will be located on the first floor, which is expected to be located Mainly occupied by Amazon grocery stores. The retail part will face North Sixth Street and Chunyuan Street.
There will also be a public plaza on North 5th Street, and there will be two shared roof terraces on the top floor of the building with an enclosed comfortable space in the middle. The roof terrace will have views of the entire city, as well as the Delaware River and New Jersey to the east.
The proposed site is to the east of Callowhill and is currently the location of a strip mall with Dollar General stores and Subway. The property is bounded by Chunyuan Street to the south, North Fifth Street to the east, North Sixth Street to the west, and through-car parking lot aligned with Green Street to the north.
The project has been approved by the city government, which means that the demolition of the shopping center will soon begin. The development project may be completed by the end of 2022 or 2023.
This is just one of several projects planned and developed in the North Free Zone in recent years.
The developer is Planning two residential buildings on Chunyuan Street, Which will add more than 750 apartment units along the southern border of the community.
The 14-story building at 200 Chunyuan Street at the corner of North Second Street will include 355 residential units and 105 parking spaces. It will replace the existing City Fitness location.
The proposed 23-story building at 412 North Second St. at the corner of Willow Street will include 397 residential units and 106 parking spaces. Both buildings were designed by Handel Architects.
Long-lost A 14-story mixed-use tower with a car dealership and 96 residential units on the ground floor Yes Finally moving forward Nearly three years after approval.
The project, located at 626 North Delaware Avenue, passed the municipal design review process and was approved in 2018. The development will provide parking spaces on the ground and above the car dealers, as well as comfortable spaces on the roof deck with indoor and outdoor public areas and views of the Delaware River.
Northern Liberties also recently added a Target store, a new Yards brewery and Gopf headquarters.