The development of Manayunk’s Venice Island is continuing this year, with a new 63-townhome complex.
Construction on the development, dubbed “The Locks,” is underway just south of the Venice Lofts, near the Green Lane Bridge. The development is the result of a partnership between L.A.-based Resmark Companies, Philly-based D3 Development, and Maryland-based Concordia Group, who bought the land at 1 Leverington Avenue last week, Philly.com wrote.
The townhomes will have open floor plans and rooftop terraces, and they’ll range from 2,100 square feet to 3,500 square feet of space, according to a statement from Resmark. Price-wise, they’ll start at $574,900 and reach $895,900.
“The Locks interacts with the local architecture and land plan to create an exceptional sense of place, and an exciting homeownership opportunity,” said Alexandra Johns, senior vice president of Investments for Resmark.
It’s big news for the space, which sat vacant and overgrown for years, until last year, when then-owner Dan Neducsin proposed building 68 townhomes at the site. The renderings (both of which were done by Varenhorst) have barely changed since Neducsin’s proposal. The only noticeable differences are a few tweaks to the facade—the rendering last year had an all-brick front—and the fewer number of homes.
The development is expected to wrap up in 2021, and they’ve already opened a sales gallery for the project at 161 Leverington Avenue in Manayunk.
Correction: An original version of this article said the top price for a unit was nearly $700,000. In fact, the price is nearly $900,000. The post has been corrected.
- Manayunk’s Venice Island eyes more development with rezoning bill [Curbed Philly]
- 63 luxury townhouses for sale on long vacant Venice Island [Philly.com]