An affiliate of
Brickstone realty company won zoning approval on Wednesday to develop an
80-unit apartment project that will take up about half the south side of
Chestnut Street between 11th and 12th. The project will involve the demolition
of two buildings and the renovation of an existing seven-story building.
The property in
question includes four parcels, 1118-28 Chestnut St., which attorney Peter
Kelsen described as “vacant, blighted, deteriorated structures,” and the
finished product will be seven stories across.
There will be 60
one-bedroom units, ranging in size from 630-820 square feet, and 20 two-bedroom
units between 1,054 sq. ft. and 1,183 sq. ft., according to Kelsen. The
apartments will be on the third through sixth floors, with the first two
stories dedicated to retail and commercial uses.
The developers
received one variance, for parking. The site is zoned CMX-5, and while L&I
said the project would need to include 24 parking spaces, Kelsen said the code
would only require 12. At any rate, no parking will be provided. Kelsen said
that operators of several nearby parking garages had agreed to dedicate spaces
to tenants in case there turns out to be demand for it. He said that demand is
unlikely.
The developers
have already applied for a demolition permit, and Kelsen said they expect to
begin work on the site within a few months.
Source: PlanPhilly.com
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