Zoning approved residential development site located in emerging Paradise Hills submarket of Philadelphia, Pennsylvania. This prime corner parcel is approved and legally subdivided to build 6 townhomes with garage parking, the ultimate urban luxury. Buy and build! Zoning permit, recorded subdivision, zoning plan, conceptual floorplan, Phase 1 Environmental, Geotech included with sale. Create a new supply of affordable new construction homes for a critically underserved market. Buyer demand for this new build townhouse with parking product is at an all time high. Home sales projected in the mid 500s, ideal starter homes or move up homes for millennial/professional demographic. Conceptual plans suggest a stately boutique collection of 20~ wide 2500 SF 4storey residences with open floorplans, sky terraces, retractable walls and solar roofs. A unique opportunity exists to create an architecturally decisive design driven development unseen to date in Philadelphia. Time is of essence to qualify for the coveted 10yr tax abatement which will no longer be available in 2021. LOCATION: This boutique new development is located in Philadelphias blossoming riverside community known as Paradise Hills, just off iconic Kelly Drive and across from the historic Laurel Hill Cemetery, bound by Fairmount Park, the nations largest urban park. Bisected by the thriving Ridge Avenue corridor, which leads into East Falls and Manayunk, this emerging neighborhood is poised for a new decade of tasteful growth, starting now with this new development dubbed Zero 6. Hundreds of new rental units and retail are in planning and under construction in the immediate area. Quick access to Bala Cynwyd shopping and office district. 5 miles to Amtraks 30th Street Station (downtown Philadelphia). Just up the hill from Schuylkill River Trail, Phillys top outdoor amenity, rated the best urban trail in America. Less than 20min (1M) walk to Septa East Falls Station connecting residents directly into downtown Philadelphia. Please note legal address has been changed to 3401-11 West Lippincott Street Philadelphia PA 19132. Conceptual marketing and development materials available upon request.
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