1238 Buttonwood StUnder construction

A 20-unit residential building is set to rise at 1238 Buttonwood St in Northern Liberties, the kind of by-right infill quietly reshaping the block. It was cleared to build in Dec 9, 2021.

The 3,618 sq ft site is zoned RMX3, which supports a building on the order of 6 stories by right. Records show the parcel last traded in 2023 for $700K. The plans call for amendment 5:for the amendment of previously approved permit cp-2021-006862 to document panic hardware in electrical room as shown per approved plans. if field conditions vary contact design professional prior to the start of any work. separate permits to be obtained for all other work. amendment 4: for the amendment of previously approved permit cp-2021-006862 to document change in alleyway confguration for emergency escape and rescue for adjacent properties approved per bbs variance case no. mi-2023-001879 with the following provisos "corridor and exterior passageway under building as emergency egress with 2 hour fire rated walls and 3 hour rated ceiling. provide exit signs in corridor and passageway for exit to buttonwood street." all work to be done per approved plans. if field conditions vary contact design professional prior to the start of any work. separate permits to be obtained for all other work. amended 3 as of 11.3.2022: for revision of the foundation solution to a mat foundation system. amendment 2: for the amendment of previously approved permit cp-2021-006862 to document horizontal exit within the building with changes to layout as shown per approved plans. all work to be done per approved plans. if field conditions vary contact design professional prior to the start of any work. separate permits to be obtained for all other work. amendment 1: amend new construction permit no. cp-2021-006862 to include underpinning plans and details as per approved plans. original: for the erection of an attached six story building for use as the following: multi-family household living for 20 dwelling units with seven class 1a bicycle spaces, and six accessory parking spaces in underground private residence garage (one parking space is van accessible). structure to contain a common roof deck above the 6th floor level accessed by two roof deck access structures. building composed of two different construction types (type ia(basement-first floor lev.

The owner of record is Buttonwood Estate 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, 7 other major projects have broken ground since 2022 — roughly 349 units of new supply — including the 23-unit project at 1314-32 Spring Garden St, the 31-unit project at 326 N 12th St, the 119-unit project at 619-29 N Broad St. 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?