New York-based developer Heights Capital Partners may be bringing townhomes to the corner of Fitzwater and Broad that could cost around $2 million per unit.
The development, which is expected to break ground this fall and was first reported by Philly.com, would bring 10 townhouses to the now-vacant corner, with 4,000 to 5,000 square feet apiece, according to the article.
Each townhouse will have four bedrooms, a roof deck, and a garage, and the broker will be OCF realty, which was founded by prominent Philly developer, Ori Feibush, Philly.com reports.
This marks the latest in several major developments coming to South Philly. Lincoln Square, a 322-unit residential development with retail on the first floor, is finishing up construction now at Broad and Washington, and is already leasing.
Down the road, at 21st and Washington, Feibush, is looking to turn the old Frankford Chocolate Factory into a mixed-use development of homes, retail, and public space. The developer is also in the works to buy the Joseph E. Biden Sales Corp. building at 22nd and Washington, just down the street from the historic Frankford Chocolate Factory, in order to turn it into 14,000 square feet of retail with underground parking and 100 apartment units.