1102 Germantown AveDelivered

A 50-unit residential building is set to rise at 1102 Germantown Ave in Northern Liberties, a mid-scale addition to one of the city's busier development corridors. It was cleared to build in Mar 22, 2021.

The 10,219 sq ft site is zoned CMX2.5, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2020 for $2.2M. The plans call for amendment 3: : for the amendment of previously approved permit cp-2020-005118 to document changes in layout throughout the building and changes to facade as shown per approved plans. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work. amendment 2: for the amendment of previously approved permit cp-2020-005118 to document the installation of a horizontal exit as shown per approved plans and documentation. if field conditions vary contact design engineer prior to the start of any work. separate permits to be obtained for all other work. amendment 1: for the amendment of previously approved permit cp-2020-005118 to document change in layout as shown per approved plans as wll as structural modifications to foundation as shown per plans. if field conditions vary contact design engineer prior to the start of any work. original: for the erection of a six story building for use as the following:for a vacant commercial space( use registration permit required prior to occupancy)(within the first 30ft of building depth) at first floor in the same building with multi-family household living ( 50 dwelling units) form the second through sixth floor level with nine(9) accessory surface parking spaces including with one(1) van accessible space and with three(3) electric vehicle spaces and with 17 1a class bicycle spaces with accessory storage at basement level. building composed of two different construction types (type ia(basement-first floor level) and type iiib construction (second-sixth floor level). building is fully sprinklered in accordance with nfpa 13 and standpipes to be provided in the exit stairways per nfpa 14. all work to be done per approved plans. if field conditions vary contact design engineer prior to the start of any work. **a covered walkway or sidewalk closure shall be required within 16 feet of the building facade in accordance with section 3306 of the 2018 ibc. s.

The owner of record is Sdg 1102 Germantown Ave LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.

It isn't rising in isolation. Within a half-mile, 10 other major projects have broken ground since 2022 — roughly 785 units of new supply — including the 10-unit project at 1139-41 N 3rd St, the 166-unit project at 310 W Girard Ave, the 84-unit project at 130 W Girard Ave. That kind of concentration is exactly what pulls land values, and buyer attention, toward a block.

We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?