A site in Fishtown that includes the historic Ed Corner building that was meant for 179 apartments and a massive rock climbing gym has instead hit the market for $11 million.
The Inquirer first noted the listing, which is being handled by Rittenhouse Realty Advisors. It for states that the 1.05-acre site at 1100 N. Delaware Avenue is the last-remaining site in Fishtown (referred to as the “Brooklyn of Philadelphia”) available that allows for this amount of density.
Developer and current owner Core Realty already has all of the approvals in place to turn the historic warehouse and the parking lot into a mixed-use development with 179 apartments and commercial space. Grid City Climbing has already signed on, leasing 22,000 square feet of space for a rock climbing gym.
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But the developer did run into some hardships regarding the restoration of the Ed Corner building. In April of this year, the Philadelphia Historical Commission ruled in favor of the developer’s plea for hardship, allowing Core Realty to build a three-story apartment addition to the structure in order to balance the cost of restoring the deteriorated building.
But by the looks of it, Core Realty wants out of the project. The listing states that whoever buys the site could forge ahead with it, breaking ground in 2018.
- 1100 N. Delaware Avenue [Rittenhouse Realty Advisors]
- Fishtown apartment, rock-climbing gym project site hits market [Inquirer]
- Apartments, massive rock climbing gym planned in Fishtown [Curbed Philly]