Construction is almost finished at The Keystone, a new seven-story residential building located at 417 Callowhill Street in Northern Liberties, Lower North Philadelphia.
This seven-story building, designed by Bernardon, will bring 220 new apartments to the area.
The options will include everything from cozy studios to spacious two-bedroom units catering to a variety of lifestyles and needs.
Alongside the apartments, there’s a massive 29,980 square feet of space dedicated to amenities, including a rooftop deck with stunning views of the city.
For those who drive, the building will also offer parking for 71 cars, which is always a big plus in a bustling area like this.
This new building is located at the northeast corner of Callowhill and North 5th Streets, right next to the elevated ramps of the I-95 and I-676 interchange, which makes it very accessible for commuters.
It’s also just north of Old City, so residents will have plenty of history to take in, plus all the modern conveniences of Northern Liberties.
This part of the city, often called Cohoqinoque, has been going through some big changes lately.
It used to be more of a quiet commercial and industrial area, but projects like The Keystone are breathing new life into the neighborhood.
The goal is to turn this once-overlooked area into a vibrant and lively part of the city, with more pedestrian activity and ground-level retail to draw people in.
When you look at the building, it’s hard not to notice its striking sloped roofline.
This unique design element makes it stand out on the streetscape, distinguishing it from many of the other developments around the city.
Recent site visits have shown that the construction work is almost finished, and most of what’s left to do seems to be focused on the interiors and the ground-level spaces.
Once everything is wrapped up, the building will likely become a major landmark in the neighborhood.
This project is part of the Keystone Opportunity Zone (KOZ) program, which offers big tax breaks to encourage redevelopment in certain areas.
The program has played a key role in some of Philadelphia’s most prominent projects, like the Navy Yard, Schuylkill Yards, and the Bellwether District at the former PES refinery.
The program helps make redevelopment in these areas more financially feasible by eliminating most state and local taxes for a set period.
It’s been praised for revitalizing underused spaces, but it hasn’t been without criticism.
Some argue the program lacks transparency and sometimes benefits wealthy developers without guaranteeing significant job creation or economic returns.
In the case of The Keystone, the KOZ designation has likely helped push the project forward, adding to the growing momentum in Northern Liberties.
This neighborhood has become one of Philly’s hotspots in recent years, and new developments like this one only add to its appeal.
With The Keystone and other projects, Northern Liberties is evolving into a lively, dynamic community where people want to live, work, and spend time.
Once The Keystone is finished, it will join a growing list of developments that are reshaping the lower part of Northern Liberties.
The area has come a long way, and projects like this are helping to make it one of Philadelphia’s most exciting neighborhoods.
For anyone looking for a new place to call home or curious about how the city is changing, The Keystone at 417 Callowhill Street is something to keep an eye on.
It’s a sign of great things to come for the neighborhood and the city as a whole.
