Property’s Photo of the Week: Spring Dreams on Lemon Hill

today is a day for breathing in

A photo posted by @no_ordinary_mundane on

This morning may have started out on the rainy side, but it’s since pulled itself together into something resembling the glorious day captured in this Instagram photo from two days ago. Doesn’t it just make you want to go out and do everything you can this weekend?

We can’t wait to see what other #phillyscape photos you guys come up with for next week!

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Farmhouse Friday: You Have to See This Fully Renovated Gentleman’s Farm in Malvern

It’s Friday, meaning we can rejoice for the coming weekend and today’s magnificent farmhouse pick! Today’s country-living estate? A Malvern gentleman’s farm that’s just a stone’s throw from magnificent Radnor Hunt. “Truly a lifestyle property,” the listing calls it.

Inside, the fully renovated home has had almost everything newly installed: hardwood floors, carpeting, light fixtures, appliances, windows, HVAC, and septic. The detail that’s sure to benefit from oncoming hot weather is the eat-in kitchen with a breakfast room opening onto a deck. Meanwhile, the raised stone hearth and gas fireplace in the family room might sound like the spot to be in colder months. Great room-wise, the room lives up to its name with an expansive vaulted ceiling , as well as a fireplace and mudroom.

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Renderings: Plans For Lot Across From Pat’s King of Steaks

Canno Architecture + Design | Renderings courtesy of Paul Mirabello

Canno Architecture + Design | Renderings courtesy of Paul Mirabello

“We won’t proceed without neighborhood support,” said developer Paul Mirabello last time his plans for 827-29 Wharton Street made headlines. Indeed, even if we might have wished to take that back in light of Tuesday’s heated neighborhood meeting, Paul and his team are happy area residents care enough to be involved in the project. “We’re always willing to work with immediate neighbors on any other changes,” Brett Feldman, Mirabello’s attorney, tells us.

And changes there have been, among them the fact that earlier plans had called for twenty-one residential units, a number now down to eighteen. Three floors would be along Wharton, while the 9th Street side would have four floors, matching up in height with the commercial property next door. As for the ground level retail in Mirabello’s proposed mixed-use building, the 6,700-square-foot space would have entrances along 9th and allow for up to five tenants.

Click here to see the renderings!

Massive Compound in Queen Village Gets Major Price Chop

Photo via TREND courtesy Plumer & Inc.

Photo via TREND courtesy Plumer & Association/Redfin.

Queen Village is a classic Philadelphia neighborhood with a wide range of houses found on streets of many sizes. On one hand, you have the cramped and quirky Trinity, a style near and dear to our hearts. On the other, you have million-dollar rowhomes that offer a unique blend of old world flare and modern sophistication. 113-21 Bainbridge Street is on a whole different level.

Comprised of five parcels, the home is more of a private compound and actually $200,000 cheaper than when we featured in back in May. We’d forgive if you thought it was an apartment or condo building–it’s just that big.  The listing remarks that the home is “imposing” from the street and anyone who has ever walked by certainly knows the address carries a sense of intrigue.  Read more »

Headlines: The Gallery Moves Another Step Forward, It’s Now Up to Council

Is that The Gallery? No. It's the Fashion Outlets of Philadelphia | Image courtesy of PREIT

Is that The Gallery? No. It’s the Fashion Outlets of Philadelphia | Images courtesy of PREIT

In case you haven’t heard the news, there’s a $575 million renovation and rebranding project planned for The Gallery. In order to transform it into the Fashion Outlets of Philadelphia, developers PREIT and Macerich first needed the approval of the Philadelphia Redevelopment Authority (the landlord of the mall) and the School Reform Commission. Both entities met separately on Thursday to discuss the matter with the development team and each unanimously approved their part of the deal, clearing the way for City Council to consider it next week.

Jeff Gammage of The Inquirer reports that PRA agreed to a 69-year lease of the mall to PREIT and Macerich, which now makes things a whole helluva lot simpler in the complicated who controls what department: “The measure approved Thursday would consolidate the multiple interests that govern the Gallery’s operation under the control of the project developer.” Gammage also reports that PREIT “agreed to hire 25 percent to 40 percent women and minorities, depending on the job, as the mall is built.”

As for the SRC, PlanPhilly’s Jared Brey reports that the board voted to create a special tax-increment financing (TIF) district for the property “that would save the mall’s owners $55 million in property taxes over a period of 20 years.” Basically, the developers are on the hook for only $1.6 million in taxes through 2036. Taxes jump to “around $11.4 million” per year after that.

Groundbreaking Philly Housing Complex Wins Top National Honors:

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For Sale: The Largest Single-Bedroom at 220 W. Rittenhouse Square

View from the living room. | TREND photos via Redfin

View from the living room. | TREND photos via Redfin

Might it be a case of dazzling real estate speak? Maybe not, as the listing just comes right out and states it: “…this is the largest 1BR, 1 BA unit in the building.”

Well, damn.

No, but really. It does sound pretty sweet to have a 975-square-foot place all to yourself. Not to mention it’s at 220 W. Rittenhouse Square, that ritzy condo high-rise with a Free Library branch on the first and ground levels. Condo feels cover all utilities and insurance, and the apartment comes with both basic cable and an in-unit washer & dryer. Unit offered as is.

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Legendary Status: The Wall Street Journal Spotlights 500 Walnut’s Penthouse

Rooftop terrace for the entire building, not the penthouse | via 500 Walnut

Rooftop terrace for the entire building, not the penthouse | via 500 Walnut

Forget the fact that it’s not even close to being built yet, we just can’t get enough of the legend that is becoming the penthouse at 500 Walnut.  The Wall Street Journal just did a feature on the space, unveiling some interesting tidbits of information out of developer Tom Scannapieco and his team. (They also name-checked Jay Z, Beyoncé and Philadelphia magazine–just sayin’.) It’s part of a larger piece that will run in the paper edition on Friday, a feature that will apparently show previously unreleased renderings of the penthouse.

Here’s what we know so far: Read more »

First Look at Renderings of New Flagship Center City Wawa

Wawa - Broad and Walnut rendering

A rendering of the new Wawa and Broad and Walnut.

Mayor Michael Nutter unveiled the first renderings of the new Wawa location at Broad and Walnut today. The new location, according to Wawa president and CEO Chris Gheysens, will have “a look that is unlike any store that we have.” The spot will have indoor seating, unique among Wawa locations currently. Read more »

Headlines: Independence Blue Cross Slowly Taking Over Market Street West

Independence Blue Cross will lease office space. | Photo: James Jennings

Independence Blue Cross will lease office space. | Photo: James Jennings

Yesterday’s news was all about the resurgence of Market East, thanks in large part to the massive redevelopment project at The Gallery. Henceforth, it will be known as the Fashion Outlets of Philadelphia. Let’s not forget about all the activity on the west side of Market Street.

Natalie Kostelni of the Philadelphia Business Journal reports that Independence Blue Cross will be taking over a sizable chunk of office space at 1900 Market Street, also known as the Stock Exchange building. Brandywine Realty Trust is renovating building, possibly with Read more »

Tweet: Is Waterfront AAA Project in Pennsport Back On?

Remember that controversial AAA service and sales center planned near the Delaware River waterfront on Columbus Boulevard? After months of little to no movement on its status due to ongoing legal battles, an eagle-eyed tweeter put us on to some news: It looks like construction has started on the site. Signs hung facing the street read “AAA Opening Soon Auto Repair You Can Trust” and there is a bunch of equipment in the lot.

Permits pulled in mid-March confirm that this thing is happening:

NEW CONSTRUCTION OF FACILITY FOR THE SERVICE AND LIGHT REPAIR OF AUTOMOBILES, RETAIL SALES OF TRAVEL SERVICES AND INSURANCE AND BUSINESS OFFICES.

The background of the project can be described as confusing at best. AAA filed for the permits to construct the auto-oriented project under a temporary Central Delaware Waterfront zoning overlay, which required a Plan of Development (POD) to be presented for the project. Literally the next day, the permanent overlay came into effect in which auto-oriented development isn’t permitted. The POD then happened well out of sequence, permits were granted by L&I, then taken away, then appealed and later denied – in short, it’s been a big damn mess. Read more »

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