A developer submitted permits to start construction on
the long-vacant National Products building near historic Elfreth's Alley in Old
City.
The reported apartment proposal joins several other
residential projects already underway in Old City
Brown
Hill Development broke ground on a 17-story tower
planned for 205 Race St. last month and now another developer has
plans for a $23.5 million overhaul of the National Products building, according
to Philly.com.
The
$23.5 million proposal envisions a 192-unit apartment building with lower-level
retail and underground parking. The facade will be dismantled and rebuilt to enclose
the building's lower stories.
Licenses and Inspections staff are reviewing an application by the building's owner, Patriot National L.L.C. of Darien, Conn., to begin demolition at the site, Commissioner Carlton Williams said in an email.
Also
planned for the historic neighborhood, a 216-unit residential property at 4th
and Race streets. Initial plans for the project also included more
than 180 underground parking spaces.
Source: Philadelphia
Business Journal
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