New Plan at Broad and Pine: 91 Units + Commercial

It’s been a long road for the northeast corner of Broad and Pine Streets. Back in 2015, Dranoff Properties proposed a 23-story hotel with 78 rooms on the site. A couple of years later, the plans shifted to a 28-story building with 56 condominiums and 92 parking spaces. Well, it looks like the plan has changed once again.

Dranoff Properties is now planning on building a 15-story building with 91 residential units, 2,775 square feet of commercial space on the corner of Broad and Pine, 18 automobile parking spots, and 32 bicycle stalls. The design of the building aims to emulate some the Second Empire buildings you’ll find around Philadelphia.

The base of the building will be clad in cast stone with limestone colored bricks rising above the water table to the third floor. Grey bricks will be the primary facade material above the third floor along with metal panel accents. A blue metal panel mansard roof will wrap around the top two stories of the structure.

Watts Street to the east of the property will be widened during construction. A loading dock and the underground parking entrance will be located along Watts Street.

We were really looking forward to seeing a taller building rise on this prominent site along South Broad Street. However, we are happy to see the residential unit count increased and the parking count decreased. We imagine that these residential units will also be rental apartments rather than for sale luxury condos, which means they will be more approachable for more people.

Read more on Rising REAL – ESTATE.