Posts Tagged ‘housing market’

Thursday, September 3rd, 2015

A 27 Home Project Could Be Coming to Fairmount.

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

 

By: Jarek Cotto

Vacant lots and unused industrial spots are abundant in Northern Liberties. There never seems to be a shortage of places to build around here. 312-30 Fairmount Ave. is one of the latest projects from developer David Perlman who proposed 27 homes, each with parking last month to the NLNA. One major piece of feedback received was to cut the height of the homes down to 38 feet.

There are a few old warehouse buildings on Fairmount Ave. and 4th St. that are included with this property. According to OCF Realty, “members of the NLNA wondered whether developers could salvage one section, a brick element of the property on the east side that includes carriage doors that run nearly to the top of the building. Adaptive reuse would certainly be an attractive aesthetic, but we’re not certain that approach would work for this project.”

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

We expect Perlman to reappear in front of the NLNA soon with some tweaks to the plan. This time around, the changes are going to be much less significant than the last time this property came before the community. Developers from the Klein Company proposed a 108-unit project here last spring. A 27 home project is a major difference from one involving 108 apartments.

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

http://www.ocfrealty.com/naked-philly/northern-liberties/another-no-libs-warehouse-going-twenty-seven-homes-coming

Industrial use is moving out of the area while residential is on the rise. When a project finally is approved here, it will join a number of new projects occurring right now at the bottom of the block, along North 3rd like Bellagio project, nine new homes on the 600 block of N. 3rd Street. Another is a Perlman project down at the northwest corner of 3rd & Brown where five new homes have been built. Last but certainly not least is the biggest project in the area, the conversion of the Transatlantic building on the 400 block of Fairmount and a bunch of new homes around it. We don’t see construction coming to a halt here any time soon.

 
Friday, July 24th, 2015

More Plans for Construction on Hancock Street.

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

By: Jarek Cotto

The 800 block of N. Hancock Street has seen the rise of many interesting buildings. There’s a mix of new construction and adaptive reuse going on in this area. Now, you can add two more to the new construction list. The Northern Liberties Neighbors Association has just recently supported plans to build two single-family homes located at 817 N. Hancock St. which would replace a one-story building.

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

The homes are designed Fusa Designs, and will join the other unique looking buildings in the neighborhood, like the three-story brick homes that have checkered ground-floor garages. Even though they may not stand out immensely in terms of looks, they will in terms of dimensions. According to OCF Realty, “One of the homes will be wide and shallow while the other will be skinny and deep.” That is all because of the the oddly shaped lot upon which they’ll be built.Project rendering

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

This blocks industrial roots remain strong and are still apparent throughout. Just across the street from the lot is another one-story garage designed with a white and blue mosaic theme. On each side of the building there are what used to be industrial buildings that look like they’ve been converted to residential use. You can also spot a bunch of stucco facades just to the south of the block.

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

http://www.ocfrealty.com/naked-philly/northern-liberties/plans-supported-for-two-homes-on-hancock-street

There has been so much change happening in this block over the years. Every unit on this N. 800 block of N. Hancock Street has changed hands in the past 10 years, according to the OPA. That just shows  how much change this block has seen and mirrors many parts of the neighborhood. You can expect at least a couple more transactions in the near future. According to OCF Realty, “The current owners of 817 N. Hancock St. are now trying to sell their project with plans and NLNA support.” If you want to build a pair of homes in Northern Liberties, the property can be yours for just under $315K.

 
Thursday, July 9th, 2015

Almost Four Dozen Homes to be Built on Front Street.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

By: Jarek Cotto

The 700 block of Front Street has seen some great changes in the past few years. Four new homes on the northwest corner of Front & Fairmount are underway. There had been a community garden at this site for a while, but now there’s a row of uniquely shaped homes. The corner home has already been sold, and two others are  listed at $550K which is actually a pretty good deal for new construction in Northern Liberties.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

There are some additional homes under construction to the north of this development. It was a large vacant lot before, but now a row of homes have risen in its place. In between the finished homes and the framed ones there’s a new row of foundations which will support even more row of homes.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

According to OCF Realty, “this project is supposed to include a third row of homes to the north, on the other side of Olive Street. To date, no construction has started on those homes.” They speculate that the reason is because the developers may want to sell that part of the project to someone else rather than build it themselves. The land is for sale currently, along with approved plans to build eight more homes for $1.28M. There’s definitely an opportunity here for developers.

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

http://www.ocfrealty.com/naked-philly/northern-liberties/update-on-two-front-street-projects

Almost four dozen new homes on Front street will be built with these projects combined, along with the other projects going on to the north. That doesn’t even include the hundreds of apartments over the two Pennthouse buildings at Front & Brown. With rapid development constantly happening in every nook and cranny in Northern Liberties, it’s a wonder that there are still even spots left to build on.

 
Thursday, July 2nd, 2015

Developers Are Getting Busy at 3rd & Poplar!

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

By: Jarek Cotto

Nine, four-story homes have risen at 3rd & Poplar next former home of the Ortelibs Brewery. Back in the fall of 2011, plows began chomping the earth here along the 800 block of N. American St. Worked stopped abruptly and it looked like that project would be abandoned. In late 2012 however, new owners purchased the property for $1.1M, and by the end of 2013, buildings had started to rise.

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

The project has been dubbed Liberty Estates by developers Space & Company. The homes start at $1,050,000, but despite the high price points, a few of them are already under agreement/sold. Even the least expensive units have 3 bedrooms, 3.5 bathrooms, and around 4,500 sqft of living space according to the project page.

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

Around this time last year, developers were engaged in the community process to demolish a shopping center on the west side of 3rd Street and build 26 new units in its place. Since then, the old shopping center was razed, and 26 units are under construction at last.

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

http://www.ocfrealty.com/naked-philly/northern-liberties/liberty-estates-done-more-development-coming-nearby

As if that wasn’t enough, there is also a four-story building nearby on the 200 block of Poplar St. That is a lot of investment and building going down in the immediate vicinity. All this is happening right in the heart of Northern Liberties, close to parks, good eating, and not to mention shopping too. Things don’t seem to be slowing down in the least.

 
Friday, May 22nd, 2015

Tons of Changes Coming To Fairmount.

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

By: Jarek Cotto

Over the years, the 400 block of Fairmount has seen some major changes take place. Callahan Ward built three homes in a deep lot at 444-48 Fairmount Ave. They’ve managed to get an extra home in the project by orienting the homes toward a drive-aisle instead of the street. Another three homes are now under construction at 414 Fairmount Ave. That’s going to be three homes on Fairmount, two triplexes on Wallace Street, and eight parking spots from what we can tell.

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

That is not even the end of it. The Trans-Atlantic building is finally being converted into apartments. So far, the homes have started to spring up on 5th Street, and some demolition is taking place at the warehouse building. The people behind this project are PRDC Developers and on the website for the project, you can find renderings and floorplans of what’s on the way. You can also find that twenty five townhomes are priced in the mid-$500s, and forty-one apartments are going to be created in what’s left of the warehouse building.

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

http://www.ocfrealty.com/naked-philly/northern-liberties/changes-on-the-400-block-of-fairmount-and-more-to-come

This will be an amazing residential conversion that will change this block dramatically when it’s all done. The future’s looking bright for this section of Northern Liberties.

 
Friday, May 15th, 2015

Six New Homes Coming To Trenton Avenue.

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

By: Jarek Cotto

Trenton Stables is the name of the new six home project being built at the intersection of Blair Street and Trenton Avenue. AGA Developers are the ones behind the construction on this “flatiron-shaped” parcel. These are the same developers that have been building the Frankford Square project for the past few years. The homes are replacing a one-story building that was once a stable back in the day. Ironic isn’t it? We must say that it is a drastic improvement than what was there before.

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

Four homes are now framed out and will be finished by June according to the project website. These four homes will have a pretty standard layout, with a garage in the back facing Blair Street. According to the project website, “Home features include black-diamond brick exterior, rear garage, finished basement, gourmet kitchen with stone countertop, 4th floor master suite, roof-top deck, an open floor plan with hardwood flooring throughout. Buyers will be able to customize all finishes!” The remaining homes are still waiting to be framed. These will be much more unusual because the lot narrows to a point.

 

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

http://www.ocfrealty.com/naked-philly/fishtown/trenton-stables-two-thirds-framed

Don’t think there is still plenty of time left to purchase one of these townhouses. According to OCF Realty, “Three of the homes are already under agreement but the “corner” home is still available.” Even though it is oddly shaped, it will have 3,300 sqft of interior space along with parking. The homes are pricing fairly high near the 500’s but that should not be an issue to interested parties. Once this project is done, it will bring life back to the area.

 
Wednesday, May 13th, 2015

FYI: How Do We Increase Safety For Bike Riders In Our City?

http://www.phillymag.com/news/2015/05/11/bike-crashes-philadelphia/

http://www.phillymag.com/news/2015/05/11/bike-crashes-philadelphia/

By: Jarek Cotto

 

The Sixers’ new logos carry a retro-ish vibe with them. The team’s new logo is a modern version of their classic insignia. More here.

 

Drunk man tunnels into an Old City karaoke joint and steals alcoholic beverages. How thirsty was this guy?

 

Philly’s new sick leave law goes into effect on Wednesday. What does this new law entail? Find out here.

 

There were a total of 551 bike accidents in Philly in 2014. Even though that number has dropped drastically over the past few decades, city officials still believe that there are still too many accidents. As a fellow cyclist myself, I agree. Now, the question is, how do they go about making our city safer for bikers?

 

A man shoved a gun up his where? You may not want to know where it ended up, but it’s very entertaining to say the least

 

http://www.phillymag.com/news/2015/05/12/sixers-unveil-new-logos-with-retro-vibe/

http://www.phillymag.com/news/2015/05/12/drunk-guy-tunnels-old-city-bar/

http://www.phillymag.com/news/2015/05/12/philadelphia-sick-leave-law-starts-wednesday/

http://www.phillymag.com/news/2015/05/11/bike-crashes-philadelphia/

http://www.phillymag.com/news/2015/05/11/gun-smuggled-butt/

 
Thursday, May 7th, 2015

New Homes Are Rising Near Konrad Square Park

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

By: Jarek Cotto

 

Konrad Square Park is a beautiful patch of green space in Fishtown a fair distance away from Girard Avenue. With the temperatures rising and things blooming once again, it’s always a great experience to walk through here during this time of year.

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

tulip dauph old

 

2243 Tulip St. is one of the two projects you see making progress here. It’s a stuccoed three story home that at some point in the last couple of years, got demolished. The project even seemed to stall out. Last year, the front of the property was down to two stories of plywood, but now, you can see a new three story home has been framed out in its place. The developers of this project are the Z Home Group. Although, it hasn’t been listed yet, you can bet that this new construction right on the park should fetch a strong price, and be gone quickly.

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

 

Next is the 2300 block of Tulip St. Here, we see that an old yellow two-story home at 2311 Tulip St. has been taken down. One home is under construction in its place and another one is being built on the adjacent vacant lot. The lots are each only 12.5′ wide, making the homes on the skinny side. Even if that’s the case, this area and nearby East Kensington have proven again and again that even if the homes are skinnier than most, the buyers still seem to come out of thin air.

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

http://www.ocfrealty.com/naked-philly/fishtown/new-homes-under-construction-near-konrad-square-park2

We are excited to see the progress of the construction projects here, and can’t wait until they are finished.

 
Thursday, April 9th, 2015

The Old Edward Corner Building Will Make Way for Tons of New Apartments.

 

http://www.ocfrealty.com/naked-philly/fishtown/edward-corner-building-coming-down

http://www.ocfrealty.com/naked-philly/fishtown/edward-corner-building-coming-down

By: Jarek Cotto

At the corner of Delaware Avenue and Shackamaxon Street lies the old Edward Corner building. The place is owned by Core Realty, and for years people have been wondering if if they were planning to bring the building back to life.

 

Back in 2010, Plan Philly did story which described a preliminary plan to renovate the building and open a diner on the ground floor. It seems those plans were long forgotten. The rendering looked very promising. As you can see below, the diner would’ve been on the first floor with space above which could be used for things like building apartments. It even shows the preservation of the ghost signs which would have been pretty cool.

http://www.ocfrealty.com/naked-philly/fishtown/edward-corner-building-coming-down

http://www.ocfrealty.com/naked-philly/fishtown/edward-corner-building-coming-down

 

After an upcoming Fishtown Neighbors Association zoning meeting, the developers presented a plan for a twelve-story building with 180 apartments and retail. Twelve townhomes will also be included in the project along with a ton of parking. Unfortunately, that would mean the end of the Edward Corner building.

Since this project is only in the planning stages, there will definitely be more information forthcoming on this project. Let’s hope that the existing building can be incorporated into the redevelopment plans somehow.

 

 
Thursday, April 2nd, 2015

New Apartments Coming To Columbia Ave.

candy factory

By: Jarek Cotto

The Fishtown Neighbors Association recently supported plans to bring 17 units and ten parking spots to a vacant lot at 1133 E Columbia Ave stretching all the way to Earl Street. The plans were recently approved by the Zoning Board a couple of weeks ago and are designed by Harman Deutsch. When this project originally came before FNA last fall, it didn’t get support, but the shedding of a few of the units and a couple of design changes got the community behind the project.

http://www.ocfrealty.com/naked-philly/fishtown/apartments-will-rise-on-columbia-ave-near-girard

http://www.ocfrealty.com/naked-philly/fishtown/apartments-will-rise-on-columbia-ave-near-girard

It’s hard to miss the widespread development happening in just about everywhere you look in Fishtown. It is amazing to see the number of blocks where a new development is occurring or just recently finished up. According to OCF Realty some of the projects include, “the mixed-use project at Girard & Shackamaxon that brought apartments on the upper floors with Palm Tree Market on the ground-floor;  the French brasserie Girard that opened on the ground-floor of a mixed-use building at Marlborough; and across the street from that a former auto supply store has been fixed up and made much prettier.” That’s just to name a few.

The seventeen-unit project on Columbia Ave in conjunction with the Earl Street project will bring 31 new apartments and homes to the area. All we see is dollar signs when thinking about the influx of new customers coming to this commercial corridor.