Pending Sale: Unionville Home Going For $1 Million Per Bedroom?

320 Upland Rd, Kennett Square, PA, 19348

320 Upland Rd, Kennett Square, PA, 19348

Well, probably not. This custom barn house in Unionville, Chester County may have been on the market for over $4 million (currently pending sale), but it’s not the four bedrooms alone that made the price tag.

Situated on 70 acres, the property boasts four pastures, 10-stall barn, 3-bay run-in shed, and a hay barn with open bays for storage (one closed bay is used as a shop). There are also turnout areas and a 21-acre parcel that be can be sold separately.

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Design Home 2014 Celebrates Ribbon Cutting Tonight

new home picThis year’s Design Home is in a lovely Wyndmoor neighborhood bordering Chestnut Hill. The street, East Gravers Lane, can get almost pastoral when all the leaves are in, and now that fall is here, the trees in the area are flush with color. The custom home, built by Glenn Falso Jr. of Main Street Development and designed by HarmanDeutsch Architecture and Diane Bishop Interiors, features a stone facade to match surrounding and historic properties. As for the interior? Tonight we’ll find out at the ribbon-cutting.

The house is in such a nice neighborhood — go for a drive, walk in the Wissahickon, and check out the house between now and November 16th. All ticket proceeds benefit MANNA.

Before-and-after gallery below.

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Philly Hits Sweet Spot in Office Space Demand

In recent weeks, we’ve been covering news of Philly’s flourishing housing boom and rising home values. Now, we might soon add office properties to that increase: Finance & Commerce reports the city has hit a sweet spot in office demand with sales doubling to $1.4 billion:

Real estate values approaching or surpassing peak levels in New York, Boston and Washington have buyers turning to Philadelphia for its higher yields, rising rents and falling vacancies. That’s bolstering office deals in the fifth-largest U.S. city at a time when Manhattan-like towers have opened with luxury condominiums and cable operator Comcast Corp. is developing a skyscraper that will be the area’s tallest.

The website adds that this boom in demand could be part of larger “Philadelphia renaissance” attributed to local university graduates “sticking around instead of leaving for jobs in other cities,” as Bob Walters, CBRE Group’s executive managing director, put it.

A recent study by City Observatory backs this idea with findings that show young college grads spur on economic and neighborhood revitalization.

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House of the Week: $3.45 Million Residence Includes Stage and Dance Floor

3477 Wellsford Ln, Doylestown, PA, 18902

3477 Wellsford Ln, Doylestown, PA, 18902

There are plenty of beautiful Bucks County homes for sale, but this one may appeal most to those with a fondness for performance. Its lower level entertainment center, you see, has a stage and dance floor (with the requisite lighting) in addition to multiple seating areas, bar, and game room.

The home, which boasts Tuscan-style architectural details, also has a music room, theater room, and kitchen with built-in custom-designed booth seating. A sauna can be accessed via the home gym and an au pair suite with bathroom and kitchenette sits over the 4-car garage. Outside features include pool and cabana.

Gallery below.

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Morning Headlines: Renovation Project at 4601 Market Breaks Ground

Photo credit: Laura Kicey

Photo credit: Laura Kicey

The Provident Mutual Life Insurance Co. building at 46th and Market has seen a small number of tenants come and go, but for the most part it’s remained relatively vacant. Now, since making official requests earlier this year, the property is under city ownership and plans for its renovation have started.

West Philly Local reports the 87-year-old structure, which will be rehabbed so that it can house new occupants, had its groundbreaking ceremony yesterday. During this, Mayor Nutter announced the building would be referred to as “the Philadelphia Public Safety Services campus.” The site will house the new headquarters of the Philadelphia Police Department, the Medical Examiner’s Office, and the Department of Health public laboratories.

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Study Finds Young College Grads Spur On Economic and Neighborhood Revitalization

Yesterday, City Observatory published “The Young and Restless and the Nation’s Cities,” a report focusing on 51 metropolitan areas (with a population of 1 million or more) that saw a particular change in their close-in neighborhoods, or “places within 3 miles of the center of each metropolitan area’s primary central business district.” You can read the full report here.

The gist of it, though, is this: Using recently released data from the American Community Survey, the study found that “urban cores” lured in a higher number of college-educated young adults–even in population-declining areas like Buffalo and Cleveland.

These migrating millennials (the 2012 study, which looked at people between the ages of 25 and 34, labels them as such in one of their graphs) displayed higher four-year college attainment rates than those from 2000, which is a good thing, according to the report: Read more »

Trinity Tuesday: David Lynch’s Former Fairmount Home

2429 Aspen St, Philadelphia, PA, 19130

2429 Aspen St, Philadelphia, PA, 19130

A decade before Eraserhead made its debut in 1977, director David Lynch was living in Philadelphia. To be more precise, he was living in this Fairmount house.

Lynch recently had some words to say about his time here, including an admission that for all his city phobia, his creativity flourished in the dark landscape of mid-’60s Philadelphia. From the Courier Post:

“It wasn’t a normal city when I was here,” Lynch recalled. “The fear, insanity, corruption, filth, despair, violence in the air was so beautiful to me.”

“Philadelphia is percolating in me,” Lynch added.

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Morning Headlines: Navy Yard Nabs Another HQ

The Navy Yard master plan. Photo credit: NavyYard.org

The Navy Yard master plan. Photo credit: NavyYard.org

Add another notch in the belt for the Navy Yard: Bala Cynwyd-based NXTsports, which is an organization that offers sports education, events and facilities management, will relocate to the corporate campus that’s home to Urban Outfitters, Glaxo SmithKline and many others. From the Philadelphia Business Journal:

NXTsports currently leases space at 555 City Ave. and considered remaining in the building when it launched its search. It also looked at other office properties in Bala Cynwyd, Conshohocken, Pa., and at the Navy Yard.
“We love the vibe down there,” said Joel Zuercher, chief operating officer and general counsel at the company. “We are a young, energetic company and it seems like that is the place to be for a growing business such as ours.”

NXTsports has gone from three employees to 20 in the last three years and it expects to continue growing. The new space will give its some extra room to accommodate that growth.

NXTsports picks Navy Yard for new headquarters

More headlines, this way…

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