Investment Overview

Trophy Commercial Real Estate is proud to present The Colorworks Building, a fully approved, shovel-ready, 64-unit mixed-use development site located in the heart of West Kensington, one of Philadelphia’s most rapidly transforming neighborhoods.

This six-story, ground-up development has received both zoning and building permits and is situated within a Qualified Opportunity Zone (QOZ). Designed by the nationally acclaimed GNOME Architects, the project has been thoughtfully value-engineered for cost-effective development while delivering market-leading design, amenities, and unit mix. The offering includes 64 residential units, 1,269 SF of ground-floor retail, and structured parking for 21 vehicles with additional bike storage.

Importantly, there is no affordable housing requirement for this development, eliminating regulatory constraints and preserving design and leasing flexibility.

The site has undergone full demolition and is ready for immediate mobilization, offering investors and developers a rare opportunity to activate a premium project with significant time and entitlement risk already removed.

Trophy Commercial has been engaged to both sell the site and source JV equity on behalf of ownership. We welcome inquiries from developers and capital partners alike.

The Colorworks Building | West Kensington Neighborhood

• 64-unit residential building with 1,269 SF of commercial retail

• Shovel-ready: zoning approvals and building permits in hand

• QOZ-designated parcel offering federal tax advantages

• No affordable housing obligation or overlay restrictions

• 10-year step-down tax abatement approved by the City of Philadelphia

• Designed by GNOME Architects, recipients of the AIA Merit Award

• 21 covered parking spaces and 22 indoor bike stalls

• Full suite of amenities: rooftop lounge, gym, lobby, dog wash, secure mailroom

• Land appraised at $2,560,000 as of September 2023

• Demolition completed