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Riverwards Development News (December 7, 2016)


Port Richmond

  BMK Homes, a subsidiary of the River Wards Group, is constructing a 12-unit development project at 2517 East Cambria Street. Construction is still in progress; the homes in back facing Monmouth Street are currently being framed. Four of the homes have already been sold, and an additional three are now on the market.

Northern Liberties 

the fire 3

/Kaitlyn Moore

  The Fire, a bar and entertainment venue at 410 – 412 West Girard Avenue, was put on the market several weeks ago for $950,000. The price includes everything inside the two buildings, as well as the liquor license. There is a pair of two-bedroom apartment units on the upper floors. It will be a turnkey transaction, meaning that the establishment will be ready for use immediately after it is purchased.

  A 200-year-old row of houses at 81 – 95 Fairmount Avenue in Northern Liberties was recently added the the Philadelphia Register of Historic Places. The case dragged on for months and caused much controversy and debate. John Farnham, executive director of the Philadelphia Historical Commission, was integral in the preservation of the row of houses. 

/Kaitlyn Moore

/Kaitlyn Moore

Kensington

  According to Naked Philly, new construction on two four-story buildings has popped up at 1638 and 1640 N. 2nd Street on previously vacant properties.

  Permits state that the project is mixed-use; the spaces will feature downstairs retail space with two upstairs apartments. On Philip Street, two similar structures are taking shape.

  Upon inspection of the L&I map, Naked Philly noticed another project nearby. In vacant parcels up the block, three new townhomes by different developers are allegedly in the works with variances granted this year by the ZBA.

  There is a new apartment complex at 2008 North Front Street under the Market-Frankford Line. From the outside, there is no apparent commercial space, though it was proposed that there would be in the initial plan.

  Across the way, at 2021 North Front Street, another apartment building will soon be going up. Next door, the Northern Treaty Lofts, an 18-unit mixed-use building, was recently completed.

  A little less than a year ago, Core Realty purchased several vacant lots at 1431 – 1433 North 5th Street. A seven-unit complex is currently being constructed on the lots with two parking spaces in the back. Two of the units are already under agreement.

  Core Realty also purchased the former Umbrella Factory nearby at the intersection of 5th and Master Streets. They plan on converting the structure into a 181-unit apartment building.

/Patrick Clark

/Patrick Clark

Olde Richmond

   The first phase of Fishtown Court, located at 2515 E. Albert Street, is underway. The project, developed by BMK Homes, involves replacing an old warehouse with ten new homes. The project is almost finished, with Naked Philly reporting that “all five of the homes on Livingston Street are under agreement at prices up to $375K. The second phase of homes fronting Belgrade Street are now under construction.”

  An eleven home project at 2640 E. Huntingdon Street is under construction. Previously the site of a nightclub and before that, a church, the property is now being replaced by framework for two homes. The homes will include basements and Naked Philly speculates that they will sell at a higher price point than the aforementioned Fishtown Court properties.

  A new bar will be replacing Yesterday’s Tavern at 2448 E. Huntingdon Street. According to Philly.com, the bar is called Pineville Tavern and will serve “elevated tavern fare” geared at a wide demographic. Naked Philly calls it “a welcome step up from the Arby’s across the street.”

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