A Philadelphia investor has acquired a 19,000-square-foot
property in South Kensington after obtaining zoning permits for a 40-unit
apartment building and 14 townhouses at the site.
Devan Roberts, who helped broker the deal as an associate
director with KW Commercial in Center City, said $1.4 million was paid for the
1712-28 N. Second St. property this week.
Netanel Darmon of Marmon LLC identified himself as the
buyer in an interview.
The project, which also would include 2,400 square feet of ground-floor retail
space, was examined by Philadelphia’s Civic Design Review board in
January, the final stage in its zoning-approval process. It would replace what
is now an industrial building and empty lot.
Source: Philly.com
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