NY Firm Buys LEED Gold Building in Bucks County

Photo courtesy of Elysha Chang at Meelo and Chloe.

Photo courtesy of Elysha Chang at Meelo and Chloe.

Ten minutes north of the Oxford Valley Mall is an unobtrusive building recently acquired the Advalurem Group, a New York-based real estate investment firm. The property, located at 1000 Floral Vale went for $19 million.

Built in November of 2009, the 89,000-square-foot office building in Bucks County holds a LEED Gold certification for “meeting energy efficient and environmentally safe design standards”. The construction, which has 80 percent of its space leased, caught the firm’s attention upon realizing its location would prove advantageous.

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Morning Headlines: SRC to Sell 11 Schools for $2 Million Net

"Germantown HS Philly" by Smallbones - Own work. Licensed under Public domain via Wikimedia Commons.

Germantown HS Philly by Smallbones via Wikimedia Commons.

The School Reform Commission approving the sale of 11 Philadelphia schools is big news this morning, punctuated with some pretty big numbers. The Daily News’s Solomon Leach has details on how the sales will break down.

The two biggest parcels are each going for $6.8 million. Germantown High, Carroll High, Fulton Elementary, Walter Smith Elementary and Abigail Vare Elementary are all going to the Concordia Group. Two of the elementary schools – Vare and Smith – are slated to become residential buildings.

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The Fatland Estate Is Going For $9 Milllion

The Vaux Hill mansion at 1248 Pawlings Rd.

The Vaux Hill mansion at 1248 Pawlings Rd.

The historic footnote that is Vaux Hill mansion may have had its splendiferous interior stripped of the gilded antiques that once furnished its rooms, but the property, which sits on the 15-acre Fatland estate in Phoenixville, appears as stately as ever.

The sale, which is quite literally a dollar under $9 million, includes the renovated and restored Greek Revival-style home, tennis court, horse pastures, and pool with pool house. There’s also a separately deeded stone barn on a 3-acre parcel. A fence surrounds the entire residence and a tree-lined drive leads to the courtyard with carved marble fountain.

Below is the breathtaking gallery.

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RealtyTrac Heat Map Reveals Where Millennials and Baby Boomers Are Going

RealtyTrac heatmap showing where the largest shift in millennial population is occuring.

RealtyTrac heatmap showing where the largest shift in millennial population is occuring.

Which counties are seeing an influx of millennials? Which are seeing rapid emigration? And where the heck are baby boomers going? RealtyTrac’s latest report answers these and other questions after analyzing Census population data in over 1,800 counties between 2007 and 2013.

In addition to using the Census data to track each generation’s migration patters, the study used rental rates and median prices to see what prompted millennials and baby boomers to go certain places and not others. (For the record, RealtyTrac defines baby boomers as people born between the years 1945 and 1964, and millennials as those born between 1977 and 1992.)

Here’s what the real estate website found in its analysis: Read more »

Morning Headlines: 40th Street Trolley Station Redesign Plan Gets More Funding

Photo credit: University City District website.

Rendering of the planned renovation.
Photo credit: University City District website.

According to the Daily Pennsylvanian’s Sophia White, the University City District, which has been fundraising for the 40th Street trolley station redesign project since 2012, has “raised $1.4 million of its $2 million goal.” Added to this sum is a recent $6,500 award to the project, courtesy of PECO and Natural Lands Trust.

White reports that Lori Brennan, UCD’s spokesperson, sees the renovation as ideal given its location as a “crossroads of economy-shaping institutions and job-creating commercial corridors” and “key access point that allows residents of the region to efficiently commute to Philadelphia’s central business district.” UCD hopes to see the station’s potential through. From DP:

UCD wants the space to better reflect the dynamic neighborhood that the station introduces. Traveling from Center City into West Philadelphia, SEPTA trolley riders currently emerge from a dark tunnel to face a bleak acre of underused space. But after the renovations, this unattractive first impression will become a “vibrant and social space, featuring trees, movable tables and chairs, native horticulture, artful lighting and boulders for creative play,” Brennan said.

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Back to School: Gorgeous Penn Alexander-Area Victorian

4623 Cedar Ave, Philadelphia, PA, 19143

4623 Cedar Ave, Philadelphia, PA, 19143

Pocket doors with leaded glass, decorative fireplaces, hardwood floors with inlay… With three stories and a partially finished attic, this Victorian property has beautiful historic details in abundance.

Features of note: turned staircase, curved plasterwork, leaded bay windows (comes with benched seating) in the living room, den with back staircase, and a second-floor bedroom with original armoire. The bedrooms total to six and the third floor hosts the in-law suite.

For parents, the location will be a draw, as the home is in the Penn Alexander catchment.

Gallery below.

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Splendiferous Interiors: Kitten Edition

Anyone who’s been to the Rocket Cat Cafe on Frankford Avenue may be familiar with the eye-catching kitty that stands guard over the Fishtown coffee shop. But has anyone ever wondered if the cafe would (or could, because you know, health requirements and all) ever actually live up to half of its name?

As in, there’d be cats walking around?

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DesignPhiladelphia’s Kickoff Party Is Coming Up!

design-philadelphia-logoDesignPhiladelphia, whose 2014 schedule is out now, launches its festival with PopUp Place, an experiential benefit and cocktail party on October 8th. The event will include live bidding for the Reflecting Design Silent Auction, which features 20 works by Philly designers asked to transform an IKEA mirror into “something daring and remarkable.”

PopUp Place, which has a tradition of shining the spotlight on undiscovered but promising “design destinations,” will highlight Fishtown this year, and digital design agency Bluecadet (who is hosting the opening party) will allow guests to explore their 8,400-square-foot headquarters. Tickets to PopUp Place 2014 can be purchased here.

Also, don’t forget Property will have an event at DesignPhilly as well! Property Presents: Tales from the Design World will feature a variety of five-minute stories by the city’s designers, writers, architects, urban planners and photographers. Our own Liz Spikol will host the event and tickets are free. So go, go, go! We’ll see you there!

New Hope’s $1.5 Million Painted Lady

It’s rare to find a painted lady so far afield from the usual local spots like Cape May and Lansdowne. Rarer still to find one sitting solitarily on such an enormous plot of land. And this one doesn’t disappoint: the interior is exactly as festooned as the exterior.

The home is situated on five acres of land and is accessed via a long, tree-lined drive. The curb appeal (in this case the tree-lined drive appeal) is instantly apparent to fans of Victorian architecture. Details are reproductions but they include lots of gingerbread embellishments, wrap-around porches, turrets and dormers. Inside, there are leaded glass transoms and millwork galore. For real Victorian fans, there is also a series of ornate wallpaper selections and plenty of brocade. Upstairs rooms are somewhat less bed-and-breakfasty. Bedrooms are large and feature views of the pristine landscaping.

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Morning Headlines: The Divine Lorraine Now Has A Website (And More Photos!)

Photo by Jeff Fusco

Photo by Jeff Fusco

In anticipation of the Divine Lorraine renovation, EB Realty Management Corp. unveiled a website for the historic North Broad structure a few days ago.

For some reason this makes the mixed-use project feel more official, not least for the reason that it includes a “waiting list” sign up form for those of us interested in getting up-to-the-minute updates on its progress. Other goodies: de facto list of those involved, street and building history, neighborhood impact summary, and historic and current photographs of the property.

• Digital Development: New Divine Lorraine Website Plus Pics [Curbed Philly]

In other news…

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