The All New 35 Acre 900 Residential Unit “Northbank” is Being Built Right Next to Graffiti Pier!
Anyone that’s ever been to Graffiti Pier knows just what a local treasure and melting pot it truly is. Just walking below and along the defunct trestles you’ll find visitors of all ages, ethnicities and backgrounds. From skater kids puffin on ganja, photogs updating their portfolio as well as your average seeker looking to experience it all. With that being said developers haven’t been keen on touching the local landmark but rather they have chosen to build next to it.
A new 35 acre-940 residential unit Northbank (2001 Beach St.) is currently being built right next door. Maryland developers Concordia Group has teamed-up with the local firm D3 Developers to bring this project to life. According to Phillymag, when it’s all said and done this project will be the largest residential development ever constructed in the city since Park Town Place back in 1957.
Northbank will consist of 246 single family townhouses, 104 duplex townhouse condos, and 550 rental apartments. Options will range from”mid-priced” to luxurious. Although not all pricing has been disclosed, the townhomes themselves will range form $400K-$800K+ depending on size and upgrades.
D3 principal Greg Hill told PhillyMag, “It’s a 35-acre parcel that’s given us an opportunity to create a real community here, as opposed to infill development in an existing neighborhood. We really are creating a neighborhood in Northbank.”
To create that community feel, developers will construct a one-acre community park at the center of the project. In addition the project will also connect with the soon to be developed biking and walking trail that the Delaware River Waterfront is looking to construct along the banks.
Although, not everyone is a fan of developing the area around graffiti pier, D3 and Concordia see graffiti pier as more of an amenity to its future residents rather than a nuisance. Phase one for Northbank has already begun and construction is slated to be completed in two years. However, many townhouse units will be ready for occupancy by next spring.