The suspense was agonizing, but Passyunk Post now has the big reveal: The new developer of 1843 E. Passyunk Avenue, aka the King of Jeans building, is Andy Kaplan, a former partner in the Goldenberg Group, whose company Rockland Capital specializes in, as they put it in their bio, “acquiring assets from distressed sellers and/or lenders at substantial discounts.”
Or at least that’s what the mission used to be. Last night at East Passyunk Crossing Civic Association’s zoning committee meeting, Kaplan told the crowd: “Now I’m selectively picking projects that transform neighborhoods.” Doesn’t seem as though EPX needs his help with a thriving and ongoing transformation, but the more the merrier, I suppose.
As for the details, Kaplan is apparently content to base his proposal on the last proposed development for the King of Jeans site — that of Max Glass. Kaplan’s architect presented Glass’ rendering and “Kaplan said his building would look similar,” according to the Post.
Here’s what we know of Kaplan’s proposal for a new building in that site (the one there now would be torn down):
• 16 apartments total
• 8 1BR and 8 2BR units
• Building height: five stories, 59 feet
• Ground-floor retail, not restaurants: 2,980 square feet
As it stands now, EPX’s zoning committee is in favor of the plan, which would break ground in six months to a year:
Five community members voted in favor of Kaplan’s project, and three voted against it. (Some residents in attendance didn’t vote.)
Developer Proposes 16 Apartments for King of Jeans Building at EPX Zoning Meeting