July 9th, 2015

Almost Four Dozen Homes to be Built on Front Street.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

By: Jarek Cotto

The 700 block of Front Street has seen some great changes in the past few years. Four new homes on the northwest corner of Front & Fairmount are underway. There had been a community garden at this site for a while, but now there’s a row of uniquely shaped homes. The corner home has already been sold, and two others are  listed at $550K which is actually a pretty good deal for new construction in Northern Liberties.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

There are some additional homes under construction to the north of this development. It was a large vacant lot before, but now a row of homes have risen in its place. In between the finished homes and the framed ones there’s a new row of foundations which will support even more row of homes.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

According to OCF Realty, “this project is supposed to include a third row of homes to the north, on the other side of Olive Street. To date, no construction has started on those homes.” They speculate that the reason is because the developers may want to sell that part of the project to someone else rather than build it themselves. The land is for sale currently, along with approved plans to build eight more homes for $1.28M. There’s definitely an opportunity here for developers.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

Almost four dozen new homes on Front street will be built with these projects combined, along with the other projects going on to the north. That doesn’t even include the hundreds of apartments over the two Pennthouse buildings at Front & Brown. With rapid development constantly happening in every nook and cranny in Northern Liberties, it’s a wonder that there are still even spots left to build on.

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