The second phase of the Delaware River Northbank development will soon be underway as its calls for 441 residential units, writes Paul Schwedelson for the Philadelphia Business Journal.

The 441 residential units would comprise of a 307-unit multifamily apartment building along with 134 townhomes.

The Northbank development is a project between D3 Development and Concordia Group.

The plan calls for the apartment building to include 8,350 square feet of commercial space, which would likely be for food service and convenience retail, according to D3 Managing Partner Greg Hill.

The first phase of the Northbank development featured 475 residential units. The two developers have sold 95 percent of its townhomes and is 90 percent complete on construction.

Construction has already begun on the townhomes for the second phase, while the two development companies hope to obtain zoning permits for the by-right project this fall and begin construction on the multifamily building in the first quarter of 2025.

“Our goal is to have the entire Northbank community be an extension of Fishtown and Olde Richmond,” Hill said.

There is a projected 18-month construction period, meaning the building could be completed within the second half of 2026.

Read more about the Northbank development’s second phase in the Philadelphia Business Journal.

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