Monday, September 24, 2012

The Delaware River Waterfront is not the only one going through positive changes

I think sometimes people take the Schuylkill Waterfront for granted; I know I do.

Driving down Kelly or West River (aka MLK Drive) is probably one of the nicest stretches of road in our great city. It's landscaped properly, it has beautiful bridges and scenic hills along its banks, and it's packed almost daily with runners, bikers, and the like.

In other words, most people take for granted the fact that this area looks so nice these days; but it took a lot of time and effort.

Here are some more efforts taking place to keep the great momentum going along the Schuylkill banks.

Wednesday, September 19, 2012

Another big development proposition for the Waterfront

This one would indeed be large and in charge.

Here are some of the details:

  • Four Towers
    • 2 Larger Towers = 426 Feet Each
    • 2 Smaller Towers = 227 Feet Each
  • 1,458 Residential Units
  • Mixed-Use Project
  • Public Green Space
  • Green Roofs
  • Roof-Top Swimming Pools
  • LEED Certified

Sounds like a cool project, right?

It will be interesting to see if Philadelphia's City Planning Commission overrides the Delaware River Waterfront Corporation on this one (they do have the power to). While the project sounds awesome, and meets most of the Delaware River Master Plan's goals, it exceeds the height limits set forth in the plan.

As the economy starts to pick up even more, I'm sure this issue will keep popping up. Let's see if builders and planners can come to some kind of an agreement on these proposed projects.

Wednesday, September 12, 2012

New music venue proposed for the Waterfront

Not just a music venue.

Michael Samschick, who has been buying up property along the Delaware River Waterfront for the last 4 years, is planning a multi-use building while reusing a historic structure.

Here's the plan so far:

  • 3,000 Seat Music Hall
  • Bowling Alley
  • Distillery
  • New Restaurants
  • Country/Western Live Music Establishment

The first 4 items above would all be located in the former Ajax building on the corner of Frankford Ave and Delaware Ave. One of the buildings next door (44 Richmond St) will host the Country/Western idea.

This kind of development is great for Philadelphia. It builds on the waterfront master plan, reuses an old/historic building, brings more entertainment venues to our city (which in turn brings more restaurants, stores, and people), and capitalizes on the multi-use concept.

Thumbs up from me.

Tuesday, September 11, 2012

Tim Garrity and Philly Urban Living land on National Talk Radio

Nothing too crazy.

I was asked by Money For Lunch's Executive Producer to be a guest on their live, national talk radio show and elaborate on the subject of current real estate trends. MFL host Bert Martinez fired some tough questions my way about mortgage interest rates, the current housing market, and buying vs. renting.

If you would like to listen to all 3 interviews during MFL's 1-hour segment, click here and press play. If you would just like to hear my 15 minute segment, click here and then move the timer to start at 16:50 (aka 16 minutes and 50 seconds).

Thanks for your support everyone!

Wednesday, September 5, 2012

"Foodie Paradise" is coming to Chestnut Hill

New look for the Chestnut Hill Farmers' Market

Well, not exactly.

It will actually be a major overhaul of the existing Chestnut Hill Farmers' Market.

The 7,000 square foot space is going to get a sleek, modern look and go from a system of alleyways to a more modern grid (think Reading Terminal Market).

I have always been of the opinion that Philadelphia has enough demand to support a few more RTM-esque locations throughout the city, so it looks like Chestnut Hill will be the first to go that same, successful route.

More details and pictures here.

Tuesday, September 4, 2012

Philadelphia finally gets a 21st century zoning code

Center City, Philadelphia

Woo hoo!

There are many things to celebrate about the new zoning code, like Philadelphia finally updating their development process to make things simpler, but I think the biggest accomplishment is that our local politicians are finally starting to see the potential in our great city. Hence, spending some bucks to make life easier for those who want to invest in Philadelphia.

Without going into full detail (which you can do here), here are a few things the new zoning code will accomplish:

  • Reduced number of zoning classifications
  • Robust civic design review process
  • Role of Philadelphians in the zoning approval process

In other words, the new code will take us out of our stale, archaic process we've relied on since the 1960s and give us a more fair, sensible way of decision making.

Here are some other links to help you out: