p ub n construc pr mtif projects 220...27 the brush factory lofts phase ii 1201 jackson street...
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Philadelphia - Urban New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix2 mi
1
2739
46
61
62
69
71
76
77
80
114
118
119120
121122
123
124125
115116
Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
1 Luxor 173
Total Lease Up 173
27 The Brush Factory Lofts Phase II 92
Total Under Construction 92
39 South Quarter Crossing 280
46 Bartram Village 500
61 Springfield Mall Development 1,400
62 Drexeline Shopping Center Development 142
69 Germantown Avenue Mixed-Use 60
71 10 North Station 135
76 51 Washington 310
77 Fairhill Commons Community 102
80 The Beury 80
Total Planned 3,009
114 Hamill Mill Redevelopment 56
115 Logan Point 100
116 The Annex 80
118 401 Washington Street 285
119 Conshohocken 256
120 Matson Mill 290
121 Baederwood Multi-Residential Development 244
122 Keswick Commons Phase II 80
123 Old York Road Senior Housing 180
124 Buck Road 100
125 Davisville Senior 54
Total Prospective 1,725
Philadelphia - Urban New Construction & Proposed Multifamily Projects 2Q20
25
44 45
63
6465 66
67
68
70
102
111 112
113
103
128
ID PROPERTY UNITS
2 The Dane 231
10 Delwyn 87
14 One Ardmore Place 110
Total Lease Up 428
25 The Grant 65
Total Under Construction 65
44 6300 City Avenue Phase II 68
45 63rd Street Mixed-Use 111
63 130 Monument 205
64 Coulter Avenue 152
65 Forrest Avenue Redevelopment 56
66 The Mayer 83
67 Rick Hill Road 332
68 Venice Innovation Island 100
70 Ridge Flats 142
Total Planned 1,249
102 Overbrook Gardens Redevelopment 69
103 Woodbine Avenue 220
111 104 West Lancaster Avenue 60
112 Ardmore West 335
113 Piazza Ardmore 257
128 Falls Ridge III 96
Total Prospective 1,037
2
10
14
Source: Yardi Matrix2000 ft
Lease-Up Under Construction Planned ProspectiveLEGEND
Philadelphia - Urban New Construction & Proposed Multifamily Projects 2Q20
11
913
15
16
19
20
23
28
31
32
33
34
35
36
37
3840
81
82
8384
85
86
87
88
89
91
126
92
9394
95
96
97
ID PROPERTY UNITS
9 One City 250
11 218 Arch 137
13 The View at Old City 216
15 The Atlantic 268
16 Franklin Tower 548
Total Lease Up 1,419
19 2101 Washington Avenue 296
20 The Laurel Rittenhouse Square 342
23 Riverwalk Towers 612
28 The Royal Theater 57
Total Under Construction 1,307
31 2120 Market Street 147
32 1101 Chestnut Street 396
33 5th and Bainbridge 50
35 Mellon Independence Center 342
35 Society Hill Apartment Tower 272
36 1111 South Broad Street 56
37 Italian Market 157
38 Liberty on the River 292
40 Waterfront Boulevard 422
Total Planned 2,134
81 142 North Broad Street 101
82 500 South Broad Street 50
83 Archdiocese of Philadelphia 240
84 Cherry Street & North 23rd Street 400
85 Merriam Theater Redevelopment 100
86 North 17th Street & Race Street 400
87 418 Spruce Street 100
88 709 Chestnut Street 278
89 Columbus Boulevard 520
91 Pier 34 - 35 South 308
92 1001 South Broad Street 1,000
93 Liberty on the River Phase II 1,423
94 Riverview Plaza Redevelopment 26095 South Christopher Columbus
Blvd & Spruce Street 1,500Source: Yardi Matrix1000 ft
96 Walter G. Smith School Redevelopment 92
97 Waterfront Boulevard Phase II 50
126 Mid-City Residences 200
Total Prospective 7,022
Lease-Up Under Construction Planned ProspectiveLEGEND
Philadelphia - Urban New Construction & Proposed Multifamily Projects 2Q20
8
312
17
7
5
18
22
24
26
29
30
51
52
53
54
55 56
57
58
59
60
72
73
74
75
78
79
90
104
105
106
107
117
127
108
109
112
ID PROPERTY UNITS
3 Dwell at Second Street 198
5 The Gotham 142
7 Moscow & Monica 125
8 Liberty Square 201
12 The Civic 90
17 NorthXNorthwest Phase II 286
Total Lease Up 1,042
18 The Hamilton Phase II 297
22 North 2nd Street 54
24 Quarters Philadelphia 76
26 1300 Fairmount 478
29 Norris 95
30 Wolff Court 71
Total Under Construction 1,071
51 Sharswood 60
52 True North 410
53 1222 North 2nd Street 76
54 1700 Germantown Avenue 138
55 900 - 934 Callowhill 146
56 Festival Pier 550
57 Mural West 290
58 Quaker Building 285
59 Quarters 65
60 Rowhome Complex 60
72 1924 - 44 East Hagert Street 147
73 2001 Beach Street 848
74 Lehigh Avenue 278
75 Woods Square 525
78 2nd Street Lofts 88
79 626 N. Delaware Avenue 96
Total Planned 4,062
90 North Columbus Boulevard Mixed-Use 550
104 Broad Street 289
105 Tower Place Phase II 200
106 4th + Callowhill 454
107 Berks Street Redevelopment 77Source: Yardi Matrix1000 ft
108 Broad and Noble 348
109 Piazza Terminal 1,144
110 The View at Montgomery Phase III 200
117 1100 North Delaware Avenue 179
127 Equal Justice Center 177
Total Prospective 3,618
PENNSYLVANIA
PENNSYLVANIA
NEW JERSEY
NEW JERSEY
Lease-Up Under Construction Planned ProspectiveLEGEND
Philadelphia - Urban New Construction & Proposed Multifamily Projects 2Q20
ID PROPERTY UNITS
4 West Lofts 268
6 The Chestnut at University City 405
Total Lease Up 673
21 F.A. Poth Brewing 133
Total Under Construction 133
41 3700 Lancaster 463
42 4224 Baltimore 132
43 49th & Spruce Street 150
47 The Next LVL 287
48 Schuylkill Yards 326
49 The Fairmount Estates 108
50 Girard27 84
Total Planned 1,550
99 44th Street & Ludlow 55
100 44th Street & Ludlow Phase II 110
101 Dorsett Court Redevelopment 70
102 North 40th Street & Reno Street 50
Total Prospective 285
4
6
21
41
42
43
4748
49
50
98
100
99
101
Source: Yardi Matrix1000 ft
Lease-Up Under Construction Planned ProspectiveLEGEND
Philadelphia - Urban New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
1 Luxor 900 Luxor Lane Norristown PA 19401 Lease-Up 173 Ardmore 12/04/2019 03/31/2021 02/28/2020
2 The Dane 2201 Bryn Mawr Avenue Philadelphia PA 19131 Lease-Up 231 West 01/31/2019 01/31/2021 05/01/2019
3 Dwell at Second Street 1300 North 2nd Street Philadelphia PA 19122 Lease-Up 198 North - East 12/12/2018 12/31/2020 12/23/2019
4 West Lofts 220 South 47th Street Philadelphia PA 19139 Lease-Up 268 West 06/15/2016 12/31/2020 09/10/2017
5 The Gotham 2000 North 2nd Street Philadelphia PA 19122 Lease-Up 142 North - East 08/11/2019 09/30/2020 06/29/2020
6 The Chestnut at University City 3720 Chestnut Street Philadelphia PA 19104 Lease-Up 405 West 02/20/2019 08/31/2020 02/28/2020
7 Moscow & Monica 1413 Germantown Avenue Philadelphia PA 19122 Lease-Up 125 North - East 04/16/2018 08/31/2020 02/20/2019
8 Liberty Square 236 West Thompson Street Philadelphia PA 19122 Lease-Up 201 North - East 02/15/2017 08/31/2020 10/01/2018
9 One City 1401 Arch Street Philadelphia PA 19102 Lease-Up 250 Center City - West 01/31/2020 07/31/2020 02/05/2020
10 Delwyn 20 St. Asaphs Road Bala Cynwyd PA 19004 Lease-Up 87 Ardmore 06/30/2019 07/31/2020 01/20/2020
11 218 Arch 218 Arch Street Philadelphia PA 19106 Lease-Up 137 Center City - East 12/01/2018 07/31/2020 06/03/2019
12 The Civic 1600 West Girard Avenue Philadelphia PA 19130 Lease-Up 90 North - West 03/13/2019 07/31/2020 06/03/2019
13 The View at Old City 401 Race Street Philadelphia PA 19106 Lease-Up 216 Center City - East 03/31/2017 07/31/2020 05/20/2019
14 One Ardmore Place 24 Cricket Avenue Ardmore PA 19003 Lease-Up 110 Ardmore 04/25/2017 07/31/2020 02/19/2019
15 The Atlantic 1401 Spruce Street Philadelphia PA 19102 Lease-Up 268 Center City - West 01/01/2015 07/31/2020 11/01/2018
16 Franklin Tower 200 North 16th Street Philadelphia PA 19102 Lease-Up 548 Center City - West 08/19/2016 07/31/2020 06/01/2017
17 NorthXNorthwest Phase II 1801 Buttonwood Street Philadelphia PA 19130 Lease-Up 286 North - West 07/01/2015 07/31/2020 11/30/2016
Total Lease-Up 3,735
18 The Hamilton Phase II 1520 Hamilton Street Philadelphia PA 19130 Under Construction 297 North - West 12/31/2019 12/31/2022
19 2101 Washington Avenue 2101 Washington Avenue Philadelphia PA 19146 Under Construction 296 South 11/25/2019 02/28/2022
20 The Laurel Rittenhouse Square 1911 Walnut Street Philadelphia PA 19103 Under Construction 342 Center City - West 11/01/2019 12/31/2021
21 F.A. Poth Brewing 1500 North 31st Street Philadelphia PA 19121 Under Construction 133 North - West 10/19/2019 12/31/2021
22 North 2nd Street 1712 North 2nd Street Philadelphia PA 19122 Under Construction 54 North - East 11/01/2019 05/31/2021
23 Riverwalk Towers 2301 JFK Blvd Philadelphia PA 19103 Under Construction 612 Center City - West 12/12/2018 02/28/2021
24 Quarters Philadelphia 1150 North American Street Philadelphia PA 19123 Under Construction 76 North - East 01/06/2020 01/29/2021
25 The Grant 3 Cynwyd Road Bala Cynwyd PA 19004 Under Construction 65 Ardmore 05/19/2019 09/30/2020
26 1300 Fairmount 1300 Fairmount Avenue Philadelphia PA 19123 Under Construction 478 North - East 11/14/2018 08/31/2020
27 The Brush Factory Lofts Phase II 1201 Jackson Street Philadelphia PA 19148 Under Construction 92 South 10/01/2019 07/31/2020
28 The Royal Theater 1524 South Street Philadelphia PA 19146 Under Construction 57 South 11/30/2018 07/31/2020
29 Norris 2110 East Norris Street Philadelphia PA 19125 Under Construction 95 North - East 08/20/2019 07/31/2020
30 Wolff Court 501 East Girard Avenue Philadelphia PA 19125 Under Construction 71 Frankford / Kensington 03/01/2018 07/31/2020
Total Under Construction 2,668
31 2120 Market Street 2120 Market Street Philadelphia PA 19103 Planned 147 Center City - West
32 1101 Chestnut Street 11th Street & Market Street Philadelphia PA 19107 Planned 396 Center City - East
33 5th and Bainbridge South 5th Street & Bainbridge Street Philadelphia PA 19147 Planned 50 Center City - East
34 Mellon Independence Center 701 Market Street Philadelphia PA 19106 Planned 342 Center City - East
Philadelphia - Urban New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
35 Society Hill Apartment Tower 1 Dock Street Philadelphia PA 19106 Planned 272 Center City - East
36 1111 South Broad Street 1111 South Broad Street Philadelphia PA 19147 Planned 56 South
37 Italian Market 1101 South 9th Street Philadelphia PA 19147 Planned 157 South
38 Liberty on the River 1341 South Christopher Columbus Blvd Philadelphia PA 19147 Planned 292 South
39 South Quarter Crossing 2301 West Oregon Avenue Philadelphia PA 19145 Planned 280 South
40 Waterfront Boulevard 1499 South Christopher Columbus Blvd Philadelphia PA 19148 Planned 422 South
41 3700 Lancaster 3700 Lancaster Avenue Philadelphia PA 19104 Planned 463 West
42 4224 Baltimore 4224 Baltimore Avenue Philadelphia PA 19104 Planned 132 West
43 49th & Spruce Street 4900 Spruce Street Philadelphia PA 19139 Planned 150 West
44 6300 City Avenue Phase II 6300 City Avenue Philadelphia PA 19151 Planned 68 West
45 63rd Street Mixed-Use 2079 North 63rd Street Philadelphia PA 19102 Planned 111 West
46 Bartram Village 5404 Gibson Drive Philadelphia PA 19143 Planned 500 West
47 The Next LVL 4233 Chestnut Street Philadelphia PA 19104 Planned 287 West
48 Schuylkill Yards 3025 John F. Kennedy Blvd Philadelphia PA 19104 Planned 326 West
49 The Fairmount Estates 2601 Poplar Street Philadelphia PA 19130 Planned 108 North - West
50 Girard27 SEC North 27th Street & West Girard Avenue Philadelphia PA 19130 Planned 84 North - West
51 Sharswood 2016 Master Street Philadelphia PA 19121 Planned 60 North - West
52 True North 510 North Broad Street Philadelphia PA 19130 Planned 410 North - West
53 1222 North 2nd Street 1222 North 2nd Street Philadelphia PA 19122 Planned 76 North - East
54 1700 Germantown Avenue 1700 Germantown Avenue Philadelphia PA 19122 Planned 138 North - East
55 900 - 934 Callowhill 900 Callowhill Street Philadelphia PA 19123 Planned 146 North - East
56 Festival Pier 501 North Christopher Columbus Blvd Philadelphia PA 19123 Planned 550 North - East
57 Mural West 523 North Broad Street Philadelphia PA 19123 Planned 290 North - East
58 Quaker Building 900 North 9th Street Philadelphia PA 19123 Planned 285 North - East
59 Quarters 1201 Callowhill Street Philadelphia PA 19123 Planned 65 North - East
60 Rowhome Complex 1121 North Delaware Avenue Philadelphia PA 19125 Planned 60 North - East
61 Springfield Mall Development 1250 Baltimore Pike Springfield PA 19064 Planned 1,400 Springfield
62 Drexeline Shopping Center Development 5100 State Road Drexel Hill PA 19026 Planned 142 Upper Darby - Drexel Hill
63 130 Monument 130 Monument Road Bala Cynwyd PA 19004 Planned 205 Ardmore
64 Coulter Avenue 125 Coulter Avenue Ardmore PA 19003 Planned 152 Ardmore
65 Forrest Avenue Redevelopment 114 Forrest Avenue Narberth PA 19072 Planned 56 Ardmore
66 The Mayer 202 Bala Avenue Bala Cynwyd PA 19004 Planned 83 Ardmore
67 Rick Hill Road 151 Rock Hill Road Bala Cynwyd PA 19004 Planned 332 Ardmore
68 Venice Innovation Island 5000 East Flat Rock Road Philadelphia PA 19127 Planned 100 Northwest - West
69 Germantown Avenue Mixed-Use 7619 Germantown Avenue Philadelphia PA 19119 Planned 60 Northwest - East
Philadelphia - Urban New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
70 Ridge Flats 4300 Ridge Avenue Philadelphia PA 19129 Planned 142 Northwest - East
71 10 North Station 2932 North Broad Street Philadelphia PA 19132 Planned 135 Upper North
72 1924 - 44 East Hagert Street 1924 East Hagert Street Philadelphia PA 19125 Planned 147 Frankford / Kensington
73 2001 Beach Street 2001 Beach Street Philadelphia PA 19125 Planned 848 Frankford / Kensington
74 Lehigh Avenue 2157 East Lehigh Avenue Philadelphia PA 19125 Planned 278 Frankford / Kensington
75 Woods Square 2621 Frankford Avenue Philadelphia PA 19125 Planned 525 Frankford / Kensington
76 51 Washington 51 Washington Street Conshohocken PA 19428 Planned 310 Conshohocken
77 Fairhill Commons Community 230 Fairhill Street Willow Grove PA 19090 Planned 102 Willow Grove
78 2nd Street Lofts 1701 North 2nd Street Philadelphia PA 19122 Planned 88 North - East
79 626 N. Delaware Avenue 626 North Delaware Avenue Philadelphia PA 19123 Planned 96 North - East
80 The Beury 3700 North Broad Street Philadelphia PA 19140 Planned 80 Upper North
Total Planned 12,004
81 142 North Broad Street 142 North Broad Street Philadelphia PA 19102 Prospective 101 Center City - West
82 500 South Broad Street 500 South Broad Street Philadelphia PA 19146 Prospective 50 Center City - West
83 Archdiocese of Philadelphia 1723 Race Street Philadelphia PA 19103 Prospective 240 Center City - West
84 Cherry Street & North 23rd Street 139 North 23rd Street Philadelphia PA 19103 Prospective 400 Center City - West
85 Merriam Theater Redevelopment 250 South Broad Street Philadelphia PA 19102 Prospective 100 Center City - West
86 North 17th Street & Race Street North 17th Street & Race Street Philadelphia PA 19103 Prospective 400 Center City - West
87 418 Spruce Street 418 Spruce Street Philadelphia PA 19106 Prospective 100 Center City - East
88 709 Chestnut Street 709 Chestnut Street Philadelphia PA 19106 Prospective 278 Center City - East
89 Columbus Boulevard 1100 South Christopher Columbus Blvd Philadelphia PA 19147 Prospective 520 Center City - East
90 North Columbus Boulevard Mixed-Use 346 North Christopher Columbus Blvd Philadelphia PA 19106 Prospective 550 Center City - East
91 Pier 34 - 35 South 735 South Christopher Columbus Blvd Philadelphia PA 19148 Prospective 308 Center City - East
92 1001 South Broad Street 1001 South Broad Street Philadelphia PA 19147 Prospective 1,000 South
93 Liberty on the River Phase II 1341 South Christopher Columbus Blvd Philadelphia PA 19147 Prospective 1,423 South
94 Riverview Plaza Redevelopment 1400 South Christopher Columbus Blvd Philadelphia PA 19147 Prospective 260 South
95 South Christopher Columbus Blvd & Spruce Street
South Christopher Columbus Blvd & Tasker Street Philadelphia PA 19147 Prospective 1,500 South
96 Walter G. Smith School Redevelopment 1300 South 19th Street Philadelphia PA 19146 Prospective 92 South
97 Waterfront Boulevard Phase II 1499 South Christopher Columbus Blvd Philadelphia PA 19148 Prospective 50 South
98 44th Street & Ludlow South 44th Street & Ludlow Street Philadelphia PA 19104 Prospective 55 West
99 44th Street & Ludlow Phase II South 44th Street & Ludlow Street Philadelphia PA 19104 Prospective 110 West
100 Dorsett Court Redevelopment 4710 Locust Street Philadelphia PA 19139 Prospective 70 West
101 North 40th Street & Reno Street North 40th Street & Reno Street Philadelphia PA 19104 Prospective 50 West
102 Overbrook Gardens Redevelopment 900 North 63rd Street Philadelphia PA 19151 Prospective 69 West
103 Woodbine Avenue Lancaster Avenue & Woodbine Avenue Philadelphia PA 19151 Prospective 220 West
Philadelphia - Urban New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
104 Broad Street 1500 North Broad Street Philadelphia PA 19121 Prospective 289 North - West
105 Tower Place Phase II 1400 Spring Garden Street Philadelphia PA 19130 Prospective 200 North - West
106 4th + Callowhill 444 North 3rd Street Philadelphia PA 19123 Prospective 454 North - East
107 Berks Street Redevelopment North 8th Street & West Berks Street Philadelphia PA 19122 Prospective 77 North - East
108 Broad and Noble North Broad Street & Noble Street Philadelphia PA 19123 Prospective 348 North - East
109 Piazza Terminal 1101 North 2nd Street Philadelphia PA 19123 Prospective 1,144 North - East
110 The View at Montgomery Phase III 1101 Cecil B. Moore Avenue Philadelphia PA 19122 Prospective 200 North - East
111 104 West Lancaster Avenue 104 West Lancaster Avenue Ardmore PA 19003 Prospective 60 Ardmore
112 Ardmore West Cricket Avenue & East Lancaster Avenue Ardmore PA 19003 Prospective 335 Ardmore
113 Piazza Ardmore Greenfield Avenue & West Lancaster Avenue Ardmore PA 19003 Prospective 257 Ardmore
114 Hamill Mill Redevelopment 5423 Lena Street Philadelphia PA 19144 Prospective 56 Northwest - East
115 Logan Point West Roosevelt Blvd & Wyoming Avenue Philadelphia PA 19140 Prospective 100 Oak Lane
116 The Annex 3700 North Broad Street Philadelphia PA 19140 Prospective 80 Upper North
117 1100 North Delaware Avenue 1100 North Delaware Avenue Philadelphia PA 19125 Prospective 179 Frankford / Kensington
118 401 Washington Street 401 Washington Street Conshohocken PA 19428 Prospective 285 Conshohocken
119 Conshohocken 601 Washington Street Conshohocken PA 19428 Prospective 256 Conshohocken
120 Matson Mill 1220 Washington Street Conshohocken PA 19428 Prospective 290 Conshohocken
121 Baederwood Multi-Residential Development 1631 The Fairway Jenkintown PA 19046 Prospective 244 Abington
122 Keswick Commons Phase II 289 Keswick Avenue Glenside PA 19038 Prospective 80 Abington
123 Old York Road Senior Housing 1073 Old York Road Abington PA 19001 Prospective 180 Abington
124 Buck Road 3530 Buck Road Huntingdon Valley PA 19006 Prospective 100 Willow Grove
125 Davisville Senior 432 Davisville Road Willow Grove PA 19090 Prospective 54 Willow Grove
126 Mid-City Residences 2012 Chestnut Street Philadelphia PA 19103 Prospective 200 Center City - West
127 Equal Justice Center 800 Vine Street Philadelphia PA 19107 Prospective 177 North - East
128 Falls Ridge III 4401 Ridge Avenue Philadelphia PA 19129 Prospective 96 Northwest - East
Total Prospective 13,687
TOTAL PHILADELPHIA - URBAN 32,094
© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890.Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020