Category: News

Lorenzo & Sons Pizzeria Reopens on South Street

LorenzoJust a quick note to alert the faithful that Lorenzo & Sons–the best pizza on South Street–is back after a terrible fire in June 2012. For those who weren’t tuned into Lorenzo’s frequency, foobooz explained its appeal in the wake of the tragedy:

Lorenzo’s opened in 1988 and has served giant slices to South Street regulars and weekend revelers. The shop has been famous for its gruff service and no toppings policy. It wasn’t till just over a week a go that the takeout spot even offered grated parmesan cheese. In an NBC 10 interview, owner Giuseppe Pulizzi who had to escape the flames from a second floor office, vowed that Lorenzo’s will return.

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Another Warehouse Fire in Philadelphia

Photo: Peter Woodall for Hidden City

Photo: Peter Woodall for Hidden City

Peter Woodall at Hidden City has photos of one of Philly’s highly flammable vacant industrial warehouses at 1815 Sedgely Avenue. Before it burned on Saturday, it represented the city’s rich manufacturing past, starting life as a soap factory at the turn of the century, then was machine company that developed the “world’s first turret punch press,” then was an auto part remanufacturer.

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Home Ownership Is at Its Lowest Ebb Since “Gangsta’s Paradise” Came Out

coolio The Census Bureau released data today that shows that the U.S. home ownership rate has declined to 1995 values, when Coolio was highly valued. Trulia’s Jed Kolko, who’s incessantly called upon to make people feel better upon the release of such data dumps, said, “Tight credit, tight for-sale inventory, the challenge of saving for a down payment, and more rental single-family supply all helped lower the homeownership rate.”

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Knockout! Joe Frazier’s Gym Gets on National Register of Historical Places

Joe+Frazier+JoeFrazierIt was a bit of a shock last year when the National Trust for Historic Preservation chose Joe Frazier’s old gym on North Broad Street for one of the coveted spots on its annual list of America’s 11 Most Endangered Historic Places. Local residents who valued Frazier’s mentoring and ceaseless community building at the gym were gratified, as were boxing fans. Though the gym didn’t have local or state preservation status–the building’s architectural worth isn’t profound–the National Trust recognized its value as a part of the country’s African-American history.

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Today in Gift-Giving: The Fed Returns Housing Authority to Philadelphia

Picerne Glenridge Model 0055The Fed has returned the management of the Philadelphia Housing Authority to Philadelphia after two years in federal custody. U.S. Housing and Urban Development Assistant Secretary Sandra Henriquez said at the official gift-giving ceremony:

“We are here today because of the untiring efforts of HUD’s receivership team, in particular Estelle Richman, and a new management team at PHA to restore the credibility of this agency for the citizens of Philadelphia. It’s a great day for the City, the housing authority, HUD, and most importantly, the residents who rely on the housing and services PHA provides.”

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Signed Contracts for Homes, Condos and Co-ops Are Up

The Pending Sales Index, which tracks signed real estate contracts for existing single-family homes, co-ops and condos–not new construction–have not only increased in March, but are above last year’s level. Have we hit a plateau? Things do seem to be leveling out, according to the National Association of Realtors.

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Citron & Rose Owner Comments on Split With Michael Solomonov

Cirton & Rose dining room. Via Foobooz

Cirton & Rose dining room. Via Foobooz

A few months ago, we did our first Property Profile with David Magerman, who moved to Philadelphia in 2004 and became a transformative force in the area’s Jewish community. When we spoke, he called himself “a systems guy” who, when he sees a need, does his best to fill it. One need he identified was an area kosher restaurant, and in a fortuitous turn of events, chef Michael Solomonov was looking to do kosher at the same time. The resulting Citron & Rose garnered rave reviews and quickly developed a devoted following. But the disparate reasons for such devotion explains why the two have parted ways.

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City: Fine, We’ll Explain How We Did the Assessments But We Don’t Expect YOU to Understand

CityHall-2006The City’s chief assessor has announced that the Office of Property Assessment will post a document explaining how the new property assessments were determined–something that’s been asked for not only by citizens but by members of City Council. McKeithen, of whom we’re rather fond, has seemed a bit irritated by the request, as though we should all take it on faith that the city–which has bungled (or simply not done) the assessments since before the first Franklin impersonator donned his spectacles–would get it absolutely right on the first try.

(We will give McKeithen a pass for his irritability around AVI because he’s not from Philadelphia, and has been appalled since he arrived here to see how messed up everything is. This, from a man who was chief assessor in D.C.)

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On the Road to Recovery or Desperation? Either Way, It’s a Seller’s Market

trulia_housing_barometer_march_2013-300x209 Real estate website and research powerhouse Trulia keeps track of the housing recovery with its complex barometric tool (left) inspired by the mechanical engineering of great weather-trackers. And the news is good–sort of.

Last year around this time, existing home sales were 10 percent below where they are now. New home construction jumped almost 50 percent last month. A 1 percent dip in the ugly stuff–delinquency, foreclosure–is also a positive. Taking all that into account, Trulia Chief Economist Jed Kolko inched the barometer up to 56 from 54, saying the improvement was “even better than it looked.”

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Tips on Selling Your Home on the Main Line and Beyond

Realtor Q&A: Tips on selling your home Industry vet Olivia Boswell has spent the last 17 years in the real estate market. Focusing on the Main Line and part of Chester County, she talks with us about what sellers can expect in today’s market and offers tips on selling your home quickly. What can someone [...]

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