2625-33 W Jefferson St

Philadelphie, PA 19121

Jefferson Quarters presents one of the last, most substantial opportunities to build a multifamily development with a full 10 year tax abatement in one of Philly's fastest growing submarkets - Brewerytown. This is arguably the best located boutique development site in the neighborhood, commanding the corner of Bailey and Jefferson Streets, overlooking the historic Jefferson Street Ballparks and Athletic Square, a community favorite and an outstanding natural amenity for future building residents to enjoy. The irreplaceable park setting cannot be copied and Ownership has designed a Property that will endure for generations as a 25-unit trophy apartment building with underground parking and spacious floor plans. As the submarket continues to mature, the exit strategy could be through condo conversion several years down the road, specifically with such spacious units and dedicated parking. 1-2-3 bedroom floor plans add variety and flexibility and most units have private outdoor space via balconies, topped off by a common rooftop terrace overlooking the park with unparalleled skyline vistas. This boutique elevator building will be the crown jewel of Brewerytown - located within walking distance to Fairmount Park, the nation's largest urban park, and Girard Avenue's commercial corridor - loaded with authentic destination dining, breweries, cafes and shops. The building has been optimized to take advantage of rising demand with spacious residences, outdoor spaces and the ultimate urban luxury - parking. Alternatively the site can be developed as quadplex buildings through a deconsolidation of the current lot - to build five (5) quads totaling twenty (20) units - a slightly faster/more economical development approach. Over the counter zoning can easily be obtained. The current plans are approved and much of the entitlement process has been completed by Ownership: new owner will be responsible for obtaining building permits, paying housing bonus (240K) and applying for 10 year tax abatement.