Philadelphia · Old Kensington · #CP-2026-000782
1640-48 N Hancock St
1640-48 N Hancock St, Old Kensington, PA · 108 homes, mixed use
About this project
A new six-story mixed-use building with 108 dwelling units, commercial spaces and an accessory parking garage at 1640-48 N Hancock St in Old Kensington, Philadelphia, PA.
Official description: NEW CONSTRUCTION OF A SIX (6) STORY STRUCTURE TO INCLUDE VACANT COMMERCIAL SPACES (USE REGISTRATION & FIT-OUT PERMITS REQUIRED PRIOR TO OCCUPANCY), ONE HUNDRED EIGHT (109) DWELLING UNITS AND ACCESSORY PARKING GARAGE AS PER APPROVED PLANS. BUILDING TO UTILIZE HORIZONTAL SEPARATIONS TO CREATE TWO (2) SEPARATE BUILDINGS WITH TWO (2) DIFFERENT CONSTRUCTION TYPES (BASMENT AND 1ST FLOOR - TYPE IA AND 2ND THROUGH 6TH FLOORS - TYPE IIIA). BUILDING TO CONTAIN HORIZONTAL EXITS. FIRE RETARDANT TREATED STUDS AND SHEATHING REQUIRED FOR TYPE III CONSTRUCTION. BUILDING TO BE FULLY SPRINKLERED PER NFPA 13 AND INCLUDE STANDPIPES PER NFPA 14. FIRE WATCH REQUIRED PER CODE BULLETIN F-2001. *2018 IBC* **SEPARATE PERMITS REQUIRED FOR MEP & FIRE SUPPRESSION WORK** *FOUNDATIONS APPROVED UNDER SP-2025-000545*
- Applicant
- CANDICE LLC
- Contractor
- KNIGHT RIDER CONSTRUCTION
- Plan type
- Building permit (new construction)
- Land use
- R-2 Residential (>2 Dwellings)|S-2 Storage (Low Hazard)|Unknown/Other
- Status
- Permit issued
Filing history
- 2026-07-07 · #CP-2026-000782 · Building permit (new construction) · 108 lots/units
The full picture AI research · Nov 1, 2026
The project is a new six-story building at 1640-48 N Hancock St in Old Kensington (Olde Kensington), Philadelphia. It would hold 108 apartments, commercial space and a parking garage. The lot is about 20,800 square feet and the building about 122,800 square feet. The site is zoned ICMX, a mixed industrial and commercial category.
The design has changed over time. An earlier version showed about 110 homes, and a real estate financing report in July 2026 cites 109 units and about 14,500 square feet of retail. The county records and the permit report both say 108. The project has been planned for years, and construction was still pending as of 2023. Permits were reported as issued in July 2026.
A July 2026 report says a $24 million construction loan has been arranged, with completion expected in late 2027. No opposition or tenant announcements were found.
What it could mean nearby
- Up to 108 new homes would add housing near the Cecil B. Moore Avenue area.
- Ground-floor commercial space could bring shops or services and some jobs.
- The accessory parking garage is meant to keep some residents' cars off the street.
- Construction would bring truck and noise activity until the expected late-2027 completion.
Where it stands
Permits were reported as issued in July 2026, and a construction loan was reported the same month. Construction typically follows, with inspections along the way and a certificate of occupancy before residents move in.
- Jul 14, 2026 Report of a $24 million construction loan and expected late-2027 completion
- Jul 9, 2026 Permits for the 108-unit, six-story building reported as issued
- Jul 7, 2026 Latest county filing
- May 2023 Report that construction had still not started
- Dec 2021 Earlier permits reported for the site
Want to weigh in? Permits have already been issued, so no public vote is known to be pending; residents can contact their City Council district office or the Philadelphia Department of Planning and Development with questions.
Who's behind it
CANDICE LLC · The county filing lists this company with KNIGHT RIDER CONSTRUCTION, the contractor; a financing report names Ampere Capital Group as the developer, but no link between the two was confirmed.
Around the web
- Permits Issued for 108-Unit Mixed-Use Building at 1640-48 North Hancock Street in Olde KensingtonPhilly YIMBY · Jul 9, 2026Reports permits for the six-story, 108-unit building, with HDO Architecture as architect and Knight Rider Construction as contractor.
- S3 Capital Provides $24M Construction Loan for Philly ApartmentsCommercial Observer · Jul 14, 2026Reports a $24 million construction loan, 109 units, about 14,500 sq ft of retail and late-2027 completion.
- Construction Still Pending at 1640-48 North Hancock Street in KensingtonPhilly YIMBY · May 1, 2023Shows construction had not begun by 2023.
Planning terms explained
- ICMX
- A Philadelphia zoning category that allows a mix of industrial, commercial and residential uses.
- Accessory parking garage
- A parking area that serves the main building rather than being its own business.
- Mixed-use
- A building that combines homes with shops or offices.
- Certificate of occupancy
- The city's sign-off that a finished building is safe to use.
Researched by AI from public sources on Nov 1, 2026. It can make mistakes, so check the linked sources and the municipality before relying on it.
Scope estimate for contractors
Estimated construction value: $60.5M
- ~3,456 roofing squares
- ~108 HVAC systems
- ~108 kitchens / 216+ bathrooms
- ~302,400 sq ft of finished living space
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