We've been keeping an eye on the area east of Fishtown, on the other side of Aramingo Avenue, for over a year now, waiting for others to discover that Olde Richmond is the new, uh, East Kensington? This part of town has seen the occasional project over the years, but two large developments now under construction could convince other developers that the time is right around these parts.
First phase of Fishtown Court, on Livingston Street
We told you before about Fishtown Court, a project at 2515 E. Albert St. from BMK Homes, replacing an old warehouse with ten new homes. When we last checked in, the warehouse was still standing and the project had yet to go to the ZBA. Now, we see that the first phase of the project is approaching completion, and we understand that all five of the homes on Livingston Street are under agreement at prices up to $375K. The second phase of homes, fronting Belgrade Street, is now under construction.
Fishtown keeps improving and as the neighborhood grows, people are more and more willing to live at addresses that were previously considered to be undesirable. We've seen all kinds of projects cropping up on Front Street, for example, despite the frequent rumble of the El. Similarly, we've seen several projects appear next to I-95, like the Riverview Court townhome project. Today we turn our attention to 1025 E. Montgomery Ave., a 15K sqft warehouse next to I-95 that was listed for sale earlier this year for $630K and could be the next residential development site in the neighborhood.
So close to I-95
This property has been home for years to the Mateson Chemical Corporation, a company that has had great success with a deodorizing product with an amazing name called the Bad Air Sponge. Developers have this property under agreement and presented a plan to the community for eleven residential units just this past week. According to a (very short) thread on Fishtown.us, the community did not vote in support of the project. Was anyone at the meeting that can shed some light on what happened?
As Frankford Avenue continues to thrive as a commercial corridor, developers are looking at possible projects everywhere, including smaller properties that they might have previously overlooked. This could very well be the case at 1425 Frankford Ave., a comparatively little property surrounded by some major projects.
Vacant lot to be redeveloped
Developers went to the ZBA last week, and got approval for a plan to build a four story building with ground-floor retail and three apartments upstairs. With Penn Treaty Metals operating out of the building next door for many years, we can see why this parcel previously wouldn't have been anybody's first choice for new construction. But as you might recall, the Penn Treaty Metals building is going away and will soon be replaced by a large mixed-use project that we told you about over the summer. To refresh your memory, that project will involve 30 condos, 16 parking spots, and ground-floor retail. It got a narrow margin of support from the neighborhood and the ZBA gave their approval a couple months ago. So look for this project to move forward in the near future.
If you pass by this location today, you'll see that indeed no homes have been built and the property is now a vacant lot. According to a Fishtown.us thread, the demolition took place in the last month or so.
Yesterday, we told you about a community meeting at which developers presented plans for the renovation of the Edward Corner building at 1100 N. Delaware Ave. and the construction of a new mixed-use building next door, and we told you that we'd provide renderings as soon as the CDR site updated its listings for the November meeting. Maybe half an hour later, the City updated the CDR site. Nice job, guys.
So now, without much more ado, check out Core Realty's plan for this block, in all its glory. Credit goes to Stanev Potts Architects for the design work.