The three-story house under construction on the right is the shape of things to come on North Myrtlewood Street. | Photos: Sandy Smith
Most of the news you read on real estate and development sites like this one focuses on multi-unit projects that often take up the entire side of a block, or even a whole block.
That’s one way to effect the transformation of a community. But there’s another: One house here, another there, then another over there. Before you know it, builders working in this fashion can reshape an entire neighborhood, especially when their own projects encourage others to invest in the neighborhood as well by either building new or fixing up the homes they already own.
And so it was that we paid a visit to a single solitary brand-new house under construction on the 1400 block of North Myrtlewood Street in Brewerytown. Read more »
240 Arch St., Philadelphia, Pa. 19106 | TREND images via BHHS Fox & Roach
Do you dream of upscale living in Philadelphia?
If so, feast your eyes on this townhome located at 240 Arch St., one of three properties making up The Ross Luxury Townhomes.
The amenities of this home are equally outrageous and amazing. It comes with a 2-car garage, your own 6-story elevator, a wine cellar, a floating staircase, and more. We couldn’t make this up even if we tried.
The refined kitchen boasts Gaggenau appliances, under cabinet lighting, and waterfall quartz countertops. Even the bathrooms are spectacular, thanks to their heated floors, floating toilets, and stunning tile work. Read more »
Center City’s housing market is on a tear, with new units being built at a record pace. A new Center City District report looks at its building blocks. | Photo by J. Fusco for Visit Philadelphia™
Center City may have just regained momentum as a job generator, thanks largely to adjacent University City, but its housing market has taken off like a rocket, and the Center City District’s new report on housing, “Building on Optimism,” explains what’s produced this meteoric rise in great detail.
As for whether the core-city housing market can continue to build on that optimism…well, the devil’s in the details, and that rosy report points out where the thorns are.
But first, let’s smell the roses. Greater Center City — the area from Girard Avenue on the north to Tasker Street on the south between the rivers — has become one enormous construction site, with a record 2,506 housing units produced in 2016, the most since the district started keeping track of residential construction in 2000. Even more units are in the pipeline: 5,379 units are slated to be completed in the next two years, with the bulk coming on line this year. Read more »
What Parke Place will have to offer. Image via Parke Place Townhomes website.
We were strolling up the Avenue of the Arts last week and decided to check in on the Parke Place townhouse development in the 1300 blocks of Kater and Bainbridge streets.
We noticed that the development had one piece missing – namely, the easternmost home on the Bainbridge Street side of the project.
It turns out that the foundation with no home on it is the first piece of the next phase of the project, according to listing agent Jim Onesti of the Mike McCann team at Berkshire Hathaway HomeServices Fox & Roach Realtors.
As of now, eight of the 22 townhomes in the development are built out, with minor exterior work such as balconies remaining to be completed along with fitting out of the interiors.
Ori Feibush builds building. Point Breeze resident gets upset. Ori Feibush launches counterattack. If you’ve followed Ori’s career at all, none of this should be surprising. But this latest episode has brought the legal guns out, and has become a little more intense than usual. Or as Liz Spikol puts it over at Property: Spicy.
Point Breeze developer Ori Feibush is at odds with fellow resident Haley Dervinis over Feibush’s plan to build four homes on 20th Street, where Dervinis’ home is. He says she’s made defamatory comments about him on public forums. [E.g. “Shady, “Crass,” “Cut throat.”] She says she’s just exercising free speech.
So his lawyer’s threatening to sue her if she makes just one more during a public hearing taking place this very moment. For more on exactly what’s going there, follow the Daily News‘s Jan Ransom who’s live-tweeting the ZBA meeting where the fate of the project will be decided.
Full house at ZBA hearing. Lawyer calls for show of hands in support & against. More against Ori Feibush project.
Final point of irony: One of the biggest complaints Point Breezers make about Ori is that he’s a Center City carpetbagger trying to push them out of their neighborhoods. The project many are opposing today? (Including powerful neighborhood association South Philly H.O.M.E.S., which used to support it?) That’s where Ori’s trying to build a home for himself. [Property]
Yesterday, a 52-year-old construction worker who fell 30 feet from the steel frame of a building he was working on at 19th and Arch was rushed to Hahnemann University Hospital, where’s he’s in critical condition. Meanwhile, at the same site, a fireman suffered a seizure that resulted in head injuries. He’s also at Hahnemann, in stable condition. It’s unclear whether the two incidents are connected. It’s also not clear if there’s anything more to this incident than a couple of freak accidents. But after the Market Street collapse a couple of weeks ago, an extra level of scrutiny will no doubt be paid to the construction site. [Daily News]
Somewhere between turning South Columbus Boulevard into an extension of South Jersey and turning Northern Liberties into a newer Old City, developer Bart Blatstein figured out that he wasn’t the brand name.
In doing so, he has managed to pull off a trick few high-profile megadevelopers have successfully managed to do: Raise his personal profile without sabotaging his own business.
Most large successful developers are faceless. Can you name any of the members of the Brandywine Realty Trust? (They might include you, if you own shares either directly or through a mutual fund.) The few whose names have become household words eventually succumb to their own publicity machines and, like Donald Trump, become caricatures of themselves. Read more »
“This has been a helluva week for Philly’s animal population. A turkey in West Philly. A celebrity dog with a cleft palate. Rats in Rittenhouse. And now a giant Johnny Doc-backed rat on wheels, fashioned out of a mini-van for $14,000. The Post Brothers’ Mike Pestronk, a likely target of Rat 2.0, told the Daily News he wasn’t too concerned. “We are used to being threatened with physical violence by guys standing in front of our homes. A new minivan doesn’t sound like it will be a big deal.” [Daily News]