Construction of the Lincoln Square development in South Philly, which has been underway for a year, is making big strides forward and might even have an end in sight.
On Wednesday, it was announced that the 300,000-square-foot mixed-use development, which sits on a long-vacant corner of Broad and Washington, has started pre-leasing its 322 apartments, according to a statement from Neff Associates, a marketing group for the development. The building is scheduled to be ready for occupancy in late summer, the statement said.
On top of the planned move-in date and costs, Kimco Realty, which owns the development, also announced that Starbucks has signed on to be a retailer, joining Target, PetSmart and Sprint in the development’s 100,000 square feet of on-site retail space.
The news comes just over a year after construction began at the site in late January of 2017. The nine-story development, which was designed by BLT Architects, offers 50,000 feet of amenity space and a four-story garage, in addition to the apartments and first-floor retail space.
The apartments range from studios, which can be as small as 380 square feet and which start at $1,290 per month, to three-bedroom apartments, which can reach 1,427 feet and which start at $3,235 per month. A one-bedroom apartment in the development will cost a minimum of $1,715 per month, while a two-bedroom will cost at least $2,445 per month.
The development will offer a variety of perks in its apartments, including quartz countertops and stainless steel appliances. Some apartments will have a terrace or balcony as well, according to the statement.