Another Townhouse Project “Shovel Ready” on the Waterfront
Shovel Ready Projects is living up to its name once again with another turnkey project it’s offering on the Delaware waterfront.
This one’s a 19-unit townhouse development from Abitare Design Studio, located on a narrow sliver of land just south of Penn Treaty Park.
The project is aptly named: the homes Abitare designed for “Penn Treaty Views” put their best faces towards the park, with large expanses of windows facing north. All 19 homes have full-floor roof decks with pilot houses near their centers that split the decks into north- and south-facing sides (east- and west-facing in the case of the 19th unit on the east end).
18 of the units have three bedrooms; the east end unit has four bedrooms plus a home office and a study/nursery. All are equipped with elevators and have garage parking for two cars. 17 of the townhomes have 3,800 square feet of interior space, one has 4,500, and the east end unit has 5,500 square feet of interior space.
“The company and its investors believe the Delaware River Waterfront will emerge as a major high-end residential and commercial lifestyle district,” the company stated in a news release.
According to the release, Shovel Ready is offering townhouses instead of high-rises for this site because “the lower cost and shorter time-frame of construction with townhomes versus high-rises, with return on investment projected at nearly 40 percent, makes this development very attractive.”
Similar logic led to Shovel Ready’s earlier offering of an all-ready-to-build 41-unit development designed by Cecil Baker + Partners south of this site at Pier 35 1/2, the pier where now-President Donald Trump had previously announced plans to build a high-rise apartment tower.
The asking price for this turnkey project is $6.5 million. It has all the necessary approvals and is ready for construction permits to be pulled.
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