Weekend Quickie: A 20-Unit Proposal for Sale in Brewerytown
The land and plans could be yours along a stretch of Master St. that is unrecognizable from several years back
We here at JackPhillyRE really know how to kick back and enjoy ourselves on the weekend…by taking a leisurely stroll through recent commercial real estate listings! Sometimes it’s a short exercise, but today’s perusal found us face-to-face with a shiny new rendering for a potential Brewerytown apartment. If you’re even a little bit familiar with real estate trends in the city over the last decade or so, you’re likely familiar with the huge amount of change happening in this residential neighborhood that used to be a homebase for the beer-making industry in the past. And today’s trip to 3117 Master St. takes us to the heart of this change, where another new addition could soon join the action.
As for the potential new addition? A listing on Crexi shows a five-story, 20-unit proposal for this ~7,200 sqft lot, with the plans and the land now on the market for $1.25 million. This listing comes to us from Agent PHL, with a rendering from Kore Design Architecture providing us with an idea of what the project, called The Roma, could look like once complete.
Plans, while not divulging too many details, hint at the inclusion of underground parking, a residential roof-deck, and a double-height penthouse unit that would supplement the studio, one-, two-, and three-bedroom units that are part of the proposal. Oh, and this property sits in a Qualified Opportunity Zone (QOZ), offering some pretty decent tax relief for any wood-be purchaser.
This would be a welcome addition to the overgrown lot as it looks today on this RMX-2 zoned property. If this were to rise, it would fill the development gap along the street, which has changed massively over the last decade or so; a look at the streetscape from 2014 to 2024 gives a very clear picture of what we mean.
Ten years ago, this proposal may have felt out of place, but this spot directly next to the Hub 31 apartments seems very much in alignment with the current real estate reality here. With the adaptive-reuse of Poth Brewery - one of our favorite spots in the area and one we had the pleasure of visiting over three years ago - and some other major apartments now complete close by, we’d bet that we’ll continue to see changes here in the coming years. The momentum in Brewerytown appears to be just as relevant now as it was back when Rollins, Utley, and Howard were nearing the end of their run patrolling the infield at Citizens Bank Park.
