A local developer has unveiled plans to break ground later this month on a 43-townhome development called Liberty Square in Northern Liberties.
PRDC Properties has announced that it is building close to four dozen luxury townhomes at 600 N. 5th Street. The 4-story townhomes will range from 2,700 to 3,100 square feet and hit the market starting at $699,000.
Liberty Square is the latest planned project from PRDC Properties, which recently finished up the conversion of the nearby Transatlantic building into a 41-apartment building and the restoration of the historic Lincoln apartment building in Washington Square West. Architect Shimi Zakin of Atrium Design Group is working with the developer again on Liberty Square.
A one-story warehouse was demolished to make way for Liberty Square. The walk-up townhomes will be a mix of 3- and 4-bedroom properties, each with 10-foot-tall ceiling and roof terraces. There will also be some community green space within the development.
And although each home will have a one- or two-car garage, PRDC Properties said the development was designed with walkability in mind. CEO David Perelman noted its location on N. 5th Street, which means homeowners will be just across the street from the new mixed-use development that will include a Target and Yards Brewing Company.
With the groundbreaking set for the end of May, the first set of homes should finish construction in early 2018. The whole project is expected to deliver by late 2019.
- Target picks Northern Liberties for next small-format store [Curbed Philly]