Bridge Industrial plans to build nearly 900,000 square feet of industrial space in the Bridesburg section of Philadelphia, continuing an established trend of developers expanding into the city.
The Chicago-based developer is scheduled to go before Philadelphia’s Civic Design Review Committee on Feb. 1. Bridge Industrial is proposing 889,312 square feet at 4501 Richmond St. The property is zoned industrial and the project is designed to comply with the underlying industrial zoning, making it a by-right plan.
Over the next five years, a total of 35 new buildings with a combined 15.4 million square feet are expected to be added to the Northeast Philadelphia industrial market, swelling its size to more than 90 million square feet, according to Avison Young data. The development of 4501 Richmond will contribute to that increase.
*Article courtesy of Philadelphia Business Journal
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