Lower Gwynedd Township-based Lark Management wants to build an 87-unit apartment building in one of Philadelphia’s most desirable residential neighborhoods, writes Jake Blumgart for The Philadelphia Inquirer.

The building that would be located at the former site of Philadelphia Beer Co., on the border of Fishtown, Port Richmond, and Kensington, would have a 7,781-square-foot commercial space and about half as many parking spaces as the number of apartments.

“Our goal is to have a modern reinterpretation of the city block,” said Eric Quick, director of design at Harman Deutsch Architecture, which is working on the project with Lark Management. “That’s the reason we tap into the four-story height. We didn’t want to block or overshadow or overwhelm the surrounding streets, especially because they’re a little bit smaller.”

Ten percent of the units would be deemed affordable to residents at 80 percent of the area median income. That is $60,000 a year for an individual and $84,000 for a family of four.

Lark Management is offering reduced rates in exchange for being granted a zoning bonus, which would allow the developer to construct more units on the site than would usually be allowed.

Read more about Lark Management in The Philadelphia Inquirer.

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