Philadelphia · Old City · #CP-2023-004332
Six-story mixed-use building, 502 Wood St
502 Wood St, Old City, PA · 74 homes, mixed use
About this project
A six-story building with 74 dwelling units, a parking garage and a food-assembly use is planned at 502 Wood Street in Old City, Philadelphia.
Official description: NEW CONSTRUCTION OF A SIX (6) STORY STRUCTURE TO INCLUDE ROOF DECK AND PILOT HOUSES FOR USE AS SEVENTY-FOUR (74) DWELLING UNITS WITH ACCESSORY PARKING GARAGE AS PER APPROVED PLANS. BUILDING TO UTILIZE HORIZONTAL SEPARATIONS TO CREATE TWO (2) SEPARATE BUILDINGS WITH TWO (2) DIFFERENT CONSTRUCTION TYPES (BASEMENT & 1ST FLOOR - TYPE IA AND 2RD THROUGH 6TH FLOORS - TYPE IIIB). 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**
- Applicant
- WOOD ST ASSOC LP
- Contractor
- TierView Construction LLC
- Plan type
- Building permit (new construction)
- Land use
- A-2 Assembly (Food)|R-2 Residential (>2 Dwellings)|S-2 Storage (Low Hazard)
- Status
- Permit issued
Filing history
- 2024-04-22 · #CP-2023-004332 · Building permit (new construction) · 74 lots/units
The full picture AI research · Nov 1, 2026
A six-story building with 74 apartments is planned at 502 Wood Street in Old City, Philadelphia. County records also list a parking garage and a food-assembly use, which usually means a small commercial kitchen or food-prep space.
The site is several vacant parcels near Wood, North Randolph and North 5th Streets, inside the Old City Historic District. An earlier design had 50 apartments and 13 parking spaces. Local coverage and city historic review materials describe a later redesign by a new owner, TierView Development. It keeps the six stories and a height of about 65 feet. It adds apartments, 16 car spaces and 25 bike spaces on the ground floor.
In December 2023, Historical Commission staff gave provisional approval. A local news site's August 2024 site visit found construction had not started. No newer update was found.
What it could mean nearby
- About 74 new homes in a walkable area near transit and shops, up from 50 in the earlier plan.
- Ground-floor parking is small, at 16 car spaces, so most residents would likely rely on transit, walking or bikes. Bike storage is included.
- Because the site is in a historic district, the building's look and materials are reviewed for fit with the neighborhood.
- A food-assembly use could add some commercial activity and a few jobs, but the sources give no details.
Where it stands
County records show a filing as of April 2024, and historic design review had provisional staff approval in late 2023. Construction was reported as not yet started in August 2024, and no later confirmation was found. Next steps usually include final permits, then construction start.
- Aug 2024 A news site's site visit reported construction had not started.
- Apr 22, 2024 Latest county filing for the 74-unit project.
- Dec 2023 Historical Commission staff gave provisional approval to the redesigned building.
- Aug 2022 News coverage reported construction still pending on the original 50-unit plan.
- Feb 2022 News coverage anticipated construction of the original 50-unit building.
- Dec 2020 Permits were filed for the original 50-unit building.
Want to weigh in? The Philadelphia Historical Commission reviews designs in the Old City Historic District, and the city's Department of Licenses and Inspections handles building permits. Residents can contact these bodies, or the local registered community organization, to comment.
Who's behind it
WOOD ST ASSOC LP · County records list this entity and TierView Construction LLC on the filing, and local coverage names TierView Development as the redesigned project's owner. No official company site was found.
Around the web
- Construction Not Yet Started at 502 Wood Street in Old CityPhiladelphia YIMBY · Aug 10, 2024Construction had not started as of August 2024, and the original design had 50 units.
- 502 Wood StCity of Philadelphia (Historical Commission) · Nov 14, 2023Historical Commission review describes the six-story multi-family building on vacant parcels in the Old City Historic District.
- Construction Still Pending at 502 Wood Street in Old CityPhiladelphia YIMBY · Aug 2022Construction on the original plan was still pending in 2022.
- Construction Anticipated for 50-Unit Apartment Building at 502 Wood Street in Old CityPhiladelphia YIMBY · Feb 2022Described the earlier 50-unit plan and its permits.
- Permits Filed for a 50-Unit Structure at 502 Wood Street in Old City, Center CityPhiladelphia YIMBY · Dec 2020Reported the first permit filings for the site.
Planning terms explained
- Historic District
- An area where exterior changes and new buildings get extra design review to protect its historic character.
- Historical Commission
- The city board that reviews proposed work in historic districts and on historic properties.
- Provisional approval
- A preliminary okay that is not final and may require further changes.
- Mixed use
- A building combining different uses, such as homes and commercial space.
- Parcel
- A single legally defined piece of land.
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: $41.4M
- ~2,368 roofing squares
- ~74 HVAC systems
- ~74 kitchens / 148+ bathrooms
- ~207,200 sq ft of finished living space
Contractor or supplier? Get projects like this in the counties you work, by email. Join contractor early access →