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- LoopNet Team
2101 Washington Ave
Philadelphia, PA 19146
Land For Sale
·
2.30 AC
INVESTMENT HIGHLIGHTS
- Seeking an institutional partner to develop a five-story, 199,274-square-foot mixed-use development on a site spanning over two acres.
- The building’s anticipated world-class amenities will include underground parking, a rooftop deck, bike storage, and a residential lobby.
- The planned building will feature two ground-floor commercial retail spaces fronting Washington Avenue that CVS and Aldi will occupy.
- Conveniently situated in the pedestrian-friendly Graduate Hospital neighborhood with easy access to the Ellsworth-Federal subway station.
PROPERTY FACTS
DESCRIPTION
Ownership seeking an institutional partner to develop 2101 Washington Avenue as a proposed 199,274-square-foot mixed-use development. The property will feature two ground-floor commercial spaces fronting on Washington Avenue, a residential lobby, underground parking, bike storage, 24/7 upper-level apartments, an amenity space, green roofs, and a rooftop deck. Occupying the parcel's full length between 21st and 22nd Street and anchored by commercial tenants CVS and ALDI, 2101 Washington Avenue will introduce density and commercial activity to a site formerly occupied by a vacant factory. While the project has been designed to complement the neighborhood's commercial and residential character, the principal façades reference the former factory's materiality and scale with reddish brick embellished with cast stone. A permeable pedestrian pathway and landscaped courtyard between the mixed-use building and adjacent townhomes provide a public space that activates the streetscape and fosters a relationship between this property and those surrounding it. The development has obtained all necessary zoning approvals and permits and is shovel-ready with the benefit of the Philadelphia 10-year tax abatement.
