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An artist's rendering of a new housing project on the 400
block of Green Street in Northern Liberties.
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Frost Development Co. has acquired a property in Northern
Liberties and plans to construct a multifamily complex on the site.
The Blue Bell, Pa., developer bought a vacant
9,312-square-foot building at 413 Green St. for $1.58 million from JCB
Properties. Plans, already signed off by the zoning board of adjustment, call
for tearing down the existing structure to make way for building 10 residences
– four on Green Street and six on Wallace Street. KJO Architecture designed the
project.
The building has no historic value and was last used by a
specialty printing company.
Michael Barmash of Colliers International represented the
seller while Steve Jeffries of Precision Realty Group represented the buyer in
the transaction.
Source: Philadelphia
Business Journal
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