Category: For Sale/Rent

Secluded Escape in Chadds Ford

Compounds—they’re not just for the Kennedys anymore. You too can own a secluded escape in Chadds Ford with the 10,000-foot-estate tucked away near the Brandywine. Custom-built by Bancroft Builders and designed by the BW Design Group, the home dazzles with unique features, including a 30-foot by 15-foot glass wall in the foyer, which overlooks a [...]

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Naturally, There Is a Philadelphia Connection to the Powerball Win

Philadelphia media likes nothing more than to “localize” big, national stories. There’s always a Philly hook–always. In the case of the winning Powerball jackpot, here’s what we’ve got:

The Phillies outfielder Domonic Brown is from Zephyrhills, Fla. and has shopped at the Publix supermarket where the winning Powerball was sold.

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Property’s Morning Obsession: Wall Street Journal’s Rittenhouse Square Coverage

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Vision of Rittenhouse Square via the Wall Street Journal

The Wall Street Journal simply can’t get enough of Philadelphia. Our favorite tipster Z2 writes, “Last month it was the ‘latest twist in home design article’ and this month it is an article on the ever so re-posted success of 1706 Rittenhouse. That story has been run by the Inquirer at least 4 times but it is nice to see it getting national coverage!” We agree completely.

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Matthew Pestronk: “We Followed the Rules”

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Photo by Ben Weldon for Philadelphia Magazine

Developer Matthew Pestronk, one-half of the Post Bros.–the company converting an old factory at 12th and Wood into the Goldtex Apartments–says he and his brother Mike did everything L&I told them to do before they held their VIP preview party last night at the building (for more on the party’s promotion, go here). It wasn’t a unique situation: Real estate developers often have previews of properties that aren’t entirely finished–hence the word “preview.” “There’s a body of compliance to get a temporary event permit,” said Matt today. “We spoke to L&I earlier in the week, and they assured us we got the permit. We did exactly what we were told to do.”

But when an L&I inspector came to the site at 4 p.m. yesterday, he told Matt, “L&I will not allow me to issue the permit.” The official reason Matt was given for the denial was the lack of a working fire protection system, but he said they’d addressed that. If a building does not yet have a sprinkler system, the people holding the event must have appropriate personnel on site to deal with fire emergencies. Matt says they did–”we take safety very seriously.”

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Mayoral Candidate Tom Knox’s Lower Merion Estate Is Still on the Market

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Tom Knox announced in April that he was planning to run for mayor of Philadelphia in 2015. He’s run before for mayor and also ran for governor, so these are muscles he knows how to flex. And money is no object, so he can spend whatever he needs to on the campaign. In his 2007 mayoral run, according to the DN’s Chris Brennan, he spent in excess of $10 million–his own money, mind you, not donations. What’s another $10 million, give or take? Brennan writes:

Knox now says he will bank his money until late in the game and focus on fundraising early.

“At the very end, if needed, I’ll do whatever I need to do to win,” Knox said.

Translation: spend as much money as he has to.

Given the fact that money isn’t an issue, maybe it’s time for Knox to knock (ahem) off some dollars from the asking price of Meadowbrook, his spectacular estate that includes several buildings–including a main house, a stone carriage house, a guest house and a spring house. The three-car garage is also a separate building, and as it’s unfinished, could be another something-house if that’s preferable.

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Weekend Open Houses

Stop by 212 Avon Road in Haverford for an open house this weekend.

Stop by 212 Avon Road in Haverford for an open house this weekend.

Whether you’re looking for a spacious country estate, a chic beach house, or a charming city row home, you’ll want to hit up one (or more!) of these weekend open houses. 2537 Flowing Springs Rd., Spring City, PA Open house: 5/19, 1 p.m. A 6.7 acre French country estate original built in 1769. Price: $2,999,999 [...]

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Bay Front Property For Sale in Stone Harbor

Looking for a beach home that will stand out from the neighbors? This Bay front property for sale in Stone Harbor not only offers four boat slips and plenty of deck space, but a cool, exposed stone wall indoors. The stone wall separates the living area and master bedroom, creating a unique feature in both [...]

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New Project in Powelton Village Gives Dorms a Run for Their Money

One of University Realty's existing properties at 3337 Spring Garden Street. Photo courtesy University Realty.

One of University Realty's existing properties at 3337 Spring Garden Street. Photo courtesy University Realty.

A few years ago, Todd Potter says he realized there was a big void in the Philadelphia real estate market. Students looking to live off-campus had two options, he said. There was university-sponsored housing or local landlords renting out the same old properties. Four years later, his University Realty is expanding further into Powelton Village at about a 100% occupancy rate.

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Nation, Hear This: Building Permits Are Up and Foreclosures Are Down!

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RealtyTrac has released a first-quarter housing analysis of HUD data and it shows a firm emphasis on the number 27. Single-family-home building permits are up 27 percent from one year ago, while foreclosure starts are down 27 percent from one year ago. Nice, right? As is evident from the following graphs and charts, the Philadelphia area is decidedly unspectacular in terms of results. More →

Surely, This Pelvis Will Be Talking U&O Taxes Tonight at the Goldtex Preview

partyonpearlTonight is the VIP preview party for the opening of the Post Bros.’ Goldtex apartment building, and the invitations are as…stirring as the listings copy Post generates to advertise their rentals. It’s a curious space these fellows occupy: They’re pathbreaking developers who may have changed the way the unions operate for good, earning significant civic credibility; yet they’re also avid employers of deeply unserious frat-boy humor and Bikini Bandits-style marketing.

This VIP party, for example. Yeah, so there are hot women on the invite—big deal. As Matthew Pestronk said when we asked him about all the brothers’ somewhat salacious approach, sex sells. But the subject line for the email invite to the party was a bit bawdier than usual: “Come Polish Our Pearl,” it said. For those who don’t know what that means in sexual slanguage, let us enlighten you because idiomatic expressions of the carnal variety is what this blog is really about. After the jump, the definition and the full image of the invite, which is kind of NSFW.

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