The first six homes in the Cinnaminson Hill development. Eighteen more are slated to follow. The open house took place in the second home from the right; the Hard Hat Tour, in the homes on either side of it. | Photos: Sandy Smith
Some of you may have seen me refer to Northeast Philadephia at one time or another as “our vast in-city suburb.”
With all due respect to the denizens of the Northeast, I must now state here that I got this wrong. If what you’re looking for is the look and feel of outer suburbia and an address with a ZIP code that begins with 191, the place you should be looking is Upper Roxborough.
I came to this realization as I hiked down Cinnaminson Street past the point where its sidewalks disappeared to reach an open house PRDC Properties was holding last week for its latest work in progress, Cinnaminson Hill.
The first six homes in this 24-unit development are in various stages of completion, and one of the six was complete enough for PRDC CEO David Perlman and his crew to invite everyone in. Read more »
Rendering of Liberty Square townhouse project by Atrium Design Studio via PRDC Properties
This landed in the Property inbox a few days ago: an announcement from PRDC Properties that it would soon begin work on a 43-unit townhouse development at the southern edge of Northern Liberties.
Designed by Atrium Design Studio, the project hits all the usual high notes: sleek modern design with brick, steel and glass outside, and roomy (3,100- to 3,800-square-foot) three- and four-bedroom units with such features as 10-foot-high ceilings, quartz countertops in the kitchens, Porcelanosa bathrooms, enchanting roof decks and community green space. And, of course, garage parking for one or two cars per unit: even though PRDC CEO David Perlman said in a news release that “the project was designed with walkability in mind,” this is Northern Liberties, after all, and no residential project that would put more resident cars on the street would pass muster with the Northern Liberties Neighbors Association.
The name of the project: Liberty Square.
Which is also the name of a much larger development now under construction a little bit to the north, on the South Kensington side of Girard Avenue. Read more »
PRDC Properties prides itself on delivering value to aspirational buyers and renters. | Photo: Brandon Morrison, PRDC Properties
One thing that David Perlman’s former line of work and his current one have in common is this:
He specializes in renewing old things.
Back in 2002, those things were cars. At the time, he ran a chain of auto-parts stores called Royal Auto. But even then, he said, real estate was on his mind.
“I’ve always dabbled in real estate, from New York to Pennsylvania,” he said.
But in 2002, the auto-parts magnate decided to recast his lot as a real estate developer.
He did it, he said, because he saw a hole in the market no one else was filling.
That hole was “the need to deliver quality housing at a reasonable price.” Read more »
356 Cinnaminson St., Philadelphia, Pa. 19128 | TREND image via Zillow
Nestled on a hillside in Philadelphia, Germany Hill is a neighborhood in Roxborough that really does have it all – it’s quiet, it’s close to public transportation, it’s walkable, it’s close to many bars and restaurants, and it still maintains some natural beauty. What more could a potential homeowner need?
Homes in Germany Hill range anywhere from $160,000 to $520,000, with the median price falling at about $222,000. So, if you’re looking to spend close to $500,000 on a home, you’ll definitely be on the more expensive side. But, the properties just might be worth it. Take a look at the three we’ve listed below and decide for yourself. Read more »
The Lincoln’s lobby is being used as a construction staging area while finishing touches are being put on the apartments. | Photo: Sandy Smith; all other photos: Brandon Morrison via PRDC Properties
“Better late than never” might be the best way to describe the nearly complete restoration of The Lincoln, the apartment building at 1222 Locust Street in Washington Square West’s Gayborhood that was seriously damaged in a fire in 2006.
David Perelman bought the onetime hotel-turned-apartment building in 2014, and the company he founded, PRDC Properties, has been rebuilding it for the past year. Even as construction crews were working to finish the lobby and several apartments on our recent tour, new residents are already moving into the building. Read more »