Northern Liberties Retail Site Acquired for Expansion

Northern Liberties Retail Site Acquired for Expansion as River Wards Growth Continues

A corner retail property in Northern Liberties has been acquired for $2.7 million. As a result, redevelopment plans are moving forward along the Girard Avenue corridor. The site at 210–230 West Girard Avenue sits at the intersection of Germantown Avenue. Currently, a 10,000-square-foot building leased to Benjamin Moore Paints occupies the property. The acquisition was completed by an entity affiliated with JSC Real Estate.

Following the purchase, a renovation and expansion plan has been proposed. Approximately $2 million to $3 million will be invested into the project. As a result, the building will expand to roughly 12,000 square feet. The existing tenant may remain in place. However, additional leasing opportunities are being pursued. Therefore, a broader mix of retail tenants is being targeted.

The project is expected to be completed in summer 2027. Meanwhile, the space can be divided into suites as small as 2,000 square feet. Alternatively, the entire building can be leased to a single tenant. The property sits next to a CVS and near an Acme supermarket. As a result, strong surrounding retail activity supports the site’s long-term potential.

At the same time, the project is part of a broader expansion strategy. JSC Real Estate continues to grow its presence across Fishtown and surrounding River Wards neighborhoods. Since launching in 2020, the firm has assembled a portfolio of 25 properties. Of those, 18 are stabilized while others remain under development.

The portfolio includes more than 130 residential units and 21 retail storefronts. Notably, tenants include Huda Burger, Next of Kin, and Forest & Main. Looking ahead, additional projects are being planned. A 69-unit apartment building is proposed at 1939 North Front Street. The project will include ground-floor retail and rooftop amenities.

In addition, a retail development at 1339 North Front Street is underway. The site will feature a food-and-beverage concept and additional retail space. Ultimately, continued investment is being directed toward mixed-use growth in the River Wards.

*Article courtesy of Philadelphia Business Journal

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