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Tuesday
Jan282014

Mixed-Use Apartment/Retail Building & Four Townhomes - Philadelphia, PA

Property Details

Square Footage: In Development

Address: 1430 South Street, Philadelphia, PA 19146

Description: We bought this 10,000 square foot lot in September of 2013. Formerly home to the Jamaican Jerk Hut’s outdoor dining and music events, we constructed a 27,000+ square foot 5-story mixed-use building with 34 apartments and 2,200 square feet of retail space facing South Street, which is now fully occupied and home to Freehouse Fitness Studios. Additionally, we built four townhomes of ~2,500 square feet each facing Kater Steet. The townhomes consist of 3 traditional 3-story row homes with pilot houses and roof decks and 1 carriage house over a shared drive aisle, which will provide access to the shared parking area between the mixed-use building and the townhomes. The apartments are fully occupied, all townhomes have been sold, and the apartment building is well-positioned for the future.