Rising Real Estate

A zoning permit has been issued for a 67-unit residential conversion of the WCAU Building at 1618-1622 Chestnut Street. The WCAU Building was built in 1928 for the WCAU radio station. Its upper floors were most recently occupied by the Art Institute of Philadelphia, which vacated in 2018. The new residential units will be on the first level and on floors 3-9 with Old Navy presumably staying as the retail tenant. Plans also call for a roof deck to be added to the building. Are you happy to see this Art Deco treasure get some love and for 67 more homes to be added within Center City?

A 46-unit project with 15 parking spaces and 16 bicycle stalls has topped out on Cambridge Street just southeast of Broad and Girard next to Warehouse on Watts. Siding is now going up on the building. This development is replacing a formerly vacant lot. Are you happy to see 46 new homes built here just a couple of blocks from the subway station?

Progress continues on phase 1 of the 466-unit, mixed-use project at 700 N Delaware Avenue in Northern Liberties. The project entails two 7-story buildings and will include multiple commercial spaces, 129 automobile parking spots, and 171 bicycle stalls. You’ll also notice the renovation of the historically designated rowhomes along Fairmount Avenue. We’re happy to see this residential density getting built so close to the Spring Garden El Station. How do you feel about the project?