Monday, August 22, 2011

The Delaware Waterfront continues to develop

If you build it, they will come.

The Delaware Waterfront's newest project, the Philadelphia Live Arts/Philly Fringe HQ, will be an unbelievable reuse project for another one of Philadelphia's old industrial buildings. It will include offices, a music venue, and a gastropub.

To make it even more interesting, this new development will be going up right across the street from the new Race Street Pier. Coincidence?

Maybe this is the start of something great.

Friday, August 19, 2011

Plans for Kelly Drive's "Canoe House" are in the works

If you drive on Kelly Drive as much as I do, which is usually a few times a week, you have probably noticed a decrepit, Spanish style boat house along the river. Going towards Center City, it is on your right side (after you pass under the Strawberry Mansion Bridge); going towards NW Philadelphia, it's on your left side (just before the bridge).

Over the last few years, I always look over at this building and wonder "When are they going to fix that place? There has been construction site fencing there for years. It's a cool building, in a great location."

Well, I guess that a project is in the works.

Wednesday, August 17, 2011

New high-rise planned for 20th & Chestnut

Inga Saffron has been a very well respected architecture critic in Philadelphia for years. I have always been a fan of her expert opinions, and respect what she has to say.

In this case, I may not agree with everything she says about the project, but then again I'm in the business of real estate (not architecture). This project will be a great addition to this section of Rittenhouse Square; plus, apartments are in high demand these days in Philadelphia.

Please read on to learn more about Philadelphia's first new skyscraper since the recession began.

Monday, August 15, 2011

University City gets Philadelphia's first "parklet"

What is a "parklet"?

According to the article, and parklet is "a pavement reuse initiative that re-purposes one or two existing parking spots with a platform that brings the grade of the sidewalk out to the street."


Sounds a little complicated, but it really isn't. It's actually quite ingenious for a city like Philadelphia, where city streets/sidewalks can sometimes be small and narrow due to their age.

It's a great option for pedestrians in high-traffic areas, and considering Philadelphia was just voted the "5th Most Walkable" city in the US, parklets should actually be a part of daily pedestrian life in Philly's dense commercial districts.

The next question is, when will Center City get its first?

Friday, August 12, 2011

Philadelphia is Age-Friendly

To be exact, we are actually the most age-friendly city out of the US' Top 10 Largest Cities.

But what does that even mean, and why is it important? Well for starters, more seniors are now staying in Philadelphia instead of relocating for warmer climates and quieter communities, studies show. Health care is improving, people are living longer, and they are deciding to stay in the city.

Philadelphia is a wise choice for adventurous seniors because it offers a lot: historical attractions, diverse culture, tons of restaurants, flexible housing arrangements, and multiple public transportation options. Plus, most local seniors probably still have family in the area, which gives them even more of a reason to stay. Top it all off with walkable streets and lots of parks, and you have a very livable, affordable city for seniors.

Feel free to read more about it here.

Wednesday, August 10, 2011

"Green" Senior Housing in the Italian Market

Spearheaded by a local priest (from St. Maron's Catholic Church) and Bruce Morgan (of BCM in Paoli), the goal is to give Philadelphia seniors an easier living option. And best of all, it will have sustainable, LEED-based features like a green roof and Energy Star appliances.

Most of the time when seniors decide to downsize, their local neighborhood options become limited. That's why downsizing typically requires moving to a different neighborhood, city, or state to find what's needed. The nice thing about this project is that the local neighborhood should already have enough demand, they just need the supply.

Not only will this option help keep locals in the neighborhood they love, but it will open up their places to new homeowners looking to call this area of South Philadelphia their home.

Tuesday, August 9, 2011

"Lower South" Philadelphia

I found this article to be pretty intriguing.

There is a group of people in Philadelphia currently working on the future and healthy well-being of Lower South Philadelphia. Where exactly is Lower South Philadelphia? In other words, what are its boundaries?

This area includes the following sections/neighborhoods:
  1. Navy Yard
  2. South Philadelphia Port
  3. Sports Complexes
  4. Packer Park
  5. Grays Ferry (a portion of it)
There are only 5,000 residents in this entire area of Philadelphia, but 15,000 people work here; that makes it important. Read on to learn more.

Thursday, August 4, 2011

New charter school planned for the Delaware Waterfront

And it will be a science-based school, as well.

Just so everyone knows the school already exists, but its looking for a larger, more modern facility to house and educate over 1,000 students.

My question is, what are they going to do with the old school (at 1330 Rhawn St)? I haven't heard/seen anything yet. It's currently up for sale right now; listed at $6.8M.

Maybe another charter school? Small business? I guess only time will tell.

Wednesday, August 3, 2011

Philadelphia's "Reading Viaduct Project" featured in the New York Times

I have to be honest and say that this project would be huge for Philadelphia.

Not only would it show that we are super serious about investing in Center City and its surrounding neighborhoods, but it would help spur tons of new development.

Look at these positive stats ( far) from the construction of NYC's High Line:

  • Construction Cost = $153 Million | Newly Generated Development = $2 Billion
  • Since High Line construction started, 29 new projects surrounding it have either been built or are underway.
  • Its a huge draw for start-ups and creative companies.

Now, I'm not saying that Philadelphia would see the same numbers as New York, but I can almost guarantee that the benefits would far outweigh the costs.

Learn more by reading this article.