Just when you thought Northern Liberties could blossom no further, a new and promising development suddenly makes itself known.

HOW Properties, a Philadelphia-based real estate management firm, has purchased a chunk of land in Northern Liberties on which it will construct a new apartment building to better accommodate the burgeoning area of the city.

HOW acquired the property at 1002-20 N. 2nd St. for an unidentified sum across from which sits the Piazza adjacent to the Liberties Walk. A small industrial building will have to be torn down in order to make room for the erection of the apartments. There will be over four dozen tenements and more than 14,000 square feet of retail space, which (it has been speculated) will be used to construct a grocery store.

The property was wildly popular among prospective investors because of the collective development efforts now occurring in Northern Liberties. Twelve offers were made, and within a matter of weeks, it was under negotiation.

MPN Realty executives Ken Mallin, Veronica Blum and Josh Nadel coordinated the transaction, attesting to the sagacity of the deal. The facade of the half-acre property strategically faces toward 2nd Street, lending itself to trouble-free noticeability.

HOW Properties, having already established itself as a formidable presence in the budding neighborhood, eagerly awaits further flourishing of business as more and more Philadelphians file into up-and-coming Northern Liberties.