Fishtown, where some empty nesters come to rest. Photo: Liz Spikol
It used to be that when millennials moved out of the house (finally) and got a place in another neighborhood or even another city, their empty-nester parents would move to a sleek condo in an age-appropriate hometown downtown. No more. These days parents are following their kids to new cities and neighborhoods. From the Philly Post:
The more of them that have moved to Philly, the more their parents have followed, effectively relocating the entire nucleus of the family. And this flock of empty nesters isn’t necessarily landing solely in the city’s condo core. They’re also moving to neighborhoods that an ever-expanding Center City District is gradually absorbing, like Graduate Hospital and parts of South Philly.
The parcel in question. Google aerial view.
At tonight’s South of South Neighborhood Association (SOSNA) zoning committee meeting, developers will present plans for a new five-story building designed by the architecture firm Plumbob. The new building would occupy the triangle that currently houses a parking lot and a beige brick building that was once a theater, according to Hidden City.
The developer is Jason Nusbaum, owner of Rittenhouse and South Square markets. He’s looking for approval for a five-story building with 4,600 square feet for ground-floor retail space and room for 24 one- and two-bedroom rental apartments above. One rumored ground-floor tenant? Starbucks. But Nusbaum tells Hidden City such a guess is “putting the cart before the horse” given that zoning approval hasn’t even been obtained.
Cedars Crossing. Photo via Naked Philly.
• Valley Forge casino revenue is up [Inquirer] • Home price gains bring sellers off the sidelines [AP] • Thousands of borrowers to get mortgage payments reduced [CNN Money] • Cedars Crossing Looks to be Finished. And It’s Really Orange. [Naked Philly] • Fitz4 condos finally appear in Graduate Hopsital [Philly Real Estate Blog] • [...]
The Broad Street armory as seen a couple days ago.
Michael Carosella, the developer who owns the dilapidated armory on the 1200 block of South Broad, is not exactly known for preservation work. So it shouldn’t come as a surprise that the latest news about the armory–first built in 1886 for the Third Regiment of the National Guard–is that it’s going to be demolished.
Initially, the armory was sold with a “no demo” stipulation. But that was vacated, and by the time Carosella bought it a few days ago, his plan to demolish the building had been opposed only by neighborhood residents who felt it should be protected due to historical value–and due to the Frank Sinatra mural on its side. But that doesn’t matter now. Due to the Market Street disaster, the city wants the armory, which is in terrible shape, to be torn down quickly to avoid any collapse.
Graduate Hospital Neighborhood Home This architect’s home is a rare gem in Philadelphia. The Graduate Hospital neighborhood home offers urban luxuries like a 2-car garage, 50-foot landscaped yard and two terraces, along with a steel-wood open-rise floating staircase and rooftop deck. The first floor has a lower-level bedroom and with den and wide-planked Brazilian cherry [...]
Generally speaking, the Daly Group deals in home sales, but recently the real estate group acquired what it’s calling a “stunning, luxury rental listing” in Graduate Hospital. What makes the four-bedroom at 16th and Bainbridge luxurious? Five bathrooms (three full, two half) start things off; two-car garage parking; an outdoor patio; a kitchen with Bosch appliances, a wet bar and wine cooler; a walk-in closet in the master bedroom; bamboo and marble floors; and Juliet balconies.
Granted, like so much of Graduate Hospital housing these days, this is new construction, so it won’t make any aesthetically impassioned hearts go pitter-pat. But a cathedral ceiling is a sweet attempt, and above all (quite literally), there’s a roof deck, from which the dreamer can see the familiar angles of the Drake and bemoan the Pepto Bismol bottle that is Symphony House (apologies to Inga Saffron).
Thirstoberfest at Memphis Taproom. Photo: M. Kennedy for GPTMC.
Leigh Maida and husband/business partner Brendan Hartranft–along with other parnters and investors–own and operate four neighborhood bistros that emphasize quality brews and delicious pub fare. Each outpost shapes the neighborhood it’s in and is shaped by the neighborhood as well. Their newest project? Strangelove’s in Center City, which is much anticipated.
We asked Maida how the couple decides where to open next. Her answer? “I can totally reveal our master real estate plan for you: there isn’t one. (Ta-da!)” Still, she gamely answered a few questions via email–better than phone when you have a baby on your arm.
Photo: R. Kennedy for GPTMC
The April 2013 issue of Philadelphia Magazine should be hitting newsstands soon, and the cover story is about the hottest neighborhoods in our area. While the entire issue won’t be online till mid-April, the site will be rolling out one of those hothothot neighborhoods each day, and you can find a tantalizing preview right here.
Remember the Graduate Hospital home we predicted would sell quickly? Sure you do. Your brain is agile. We hear that it did indeed sell briskly — in 60 seconds. That has to be some kind of record.
Photo by Drew Callaghan Photography
Here’s a newly listed home in Graduate Hospital, aka GradHo, South of South or Southwest Center City. There has been much confusion over the area’s name since the closure of Graduate Hospital, but then again, why rock the boat? Many neighborhoods in Philadelphia have historical names that no longer apply to current circumstances, like Fishtown or Gray’s Ferry. In Squirrel Hill, you might reasonably ask: Where is the hill? (Plenty of squirrels, however.) In Cobbs Creek, you’d be hard pressed to find a member of the Cobb family that settled there. Strawberry Mansion’s homes are not, as some children were told, huge houses made out of strawberries. (Children who were told this may have been traumatized for life. Just editorial speculation, here.)