Permits have been issued for the construction of a new 14-story mixed-use building at 2012-14 Chestnut Street in the Center City West neighborhood of Philadelphia. The project site is located at the corner of Chestnut Street and Ionic Street. The property is owned by the Philadelphia Housing Authority, with JKRP Architects as the project architect, and Gilbane Building Company serving as the contractor. Alterra Property Group is the project developer.
Total construction cost is listed at $20,000,000.
Permit documentation specifies the erection of a high-rise structure containing 121 residential units above ground-floor shell commercial space. The approved scope of work includes residential balconies, a common amenity roof deck, and roof deck access structures. The building will be fully sprinklered. The project will yield a total construction area of 112,610 square feet.
Zoning materials indicate that the site is located within a CMX-4 zoning district and is subject to the West Chestnut Street Overlay. Plans show a lot area of approximately 9,200 square feet. No off-street parking is required under the applicable zoning regulations. The project instead provides 42 Class 1A bicycle parking spaces.
Site plans depict a full-lot development with a ground-floor level accommodating retail space and building access, with residential floors above. Drawings show a vertically organized structure with stacked residential levels and roof-level amenity space. Section drawings indicate a building height of approximately 163 feet to the top of the structure, with additional parapet and pilot house elements above. Elevations show a consistent arrangement of openings across upper floors and metal awnings at the ground level.
Philly YIMBY previously reported on demolition activity at the site. Current permit records show the project advancing as a 14-story mixed-use building that replaces the previously existing structures with new residential and commercial space…