Friday, July 18, 2014

Comprehensive planning is taking place in Northwest Philadelphia

Image courtesy of the Philadelphia City Planning Commission

That's right, my home-sweet-home.

Please bear in mind that Northwest Philadelphia is a large area (East Falls, Manayunk, Roxborough, Chestnut Hill, Mt Airy, and Germantown), which is why the Philadelphia City Planning Commission (aka PCPC) has separated NW Philadelphia into 2 sections: Upper Northwest and Lower Northwest.

The name of PCPC's comprehensive plan is called "Philadelphia 2035." It's pretty cool, so check it out when you have time.

As for these two "districts," Upper Northwest is basically any/all neighborhoods north of the Wissahickon Valley area (e.g. Chestnut Hill, Mt Airy, and Germantown), and the Lower Northwest district is any/all neighborhoods below it (e.g. East Falls, Manayunk, and Roxborough). Now if you really want to get technical, the Lower Northwest also includes smaller sections like Andorra, Shawmont Valley, and Wissahickon, but they are referred to as "enclaves" and are all part of Roxborough anyway (aka 19128).

Okay, so there's our foundation. Now let's chat about what's going on.

From a resident's standpoint, as I am one, there has been a lot of pressure from the neighborhood to stop and/or slow down some of the new construction development that has taken place over the last 10 years.

Why?

Well, there are a few reasons.

First, development in Manayunk/Roxborough (aka 19127 + 19128) has been a hotbed of activity in relation to the overall number of permits issued for the entire City of Philadelphia (see this article for more details). Second, some of the older/larger homes in Myk/Rox sit on large parcels of land. If the property needs a lot of work, it usually makes more financial sense to tear down and build multiple homes (which developers have already done, and without much/any community dialogue). Lastly, there is no comprehensive plan currently in place for developers to follow. Which basically means they can do whatever they want once the permit has been issued.

Hence, pressure from the local neighborhood.

From a real estate agent's standpoint, as I am one as well, I have a front row seat. Meaning that my daily job is to help both buyers and sellers find what it is they're looking for (a home, a rental, an investment), and explain either how it will benefit them to purchase it or not. So as both a resident and a real estate agent, I can see both sides.

How so?

Well, there are a few reasons.

First, the neighborhoods of Manayunk and Roxborough are great places to live. Biased? Maybe, but you can read more stats here that help support my opinion. Second, there is a lot of opportunity to buy Myk/Rox homes/land to live in, rent out, or rehab/build and resell. Lastly, when real estate developers look for spots to put their money (in the hopes of creating a return on their investment), there is a lot of opportunity to build new and rent/sell in both Manayunk and Roxborough.

Hence, there is opportunity in local real estate.

So as you can see, there are two sides to every story as well as pros/cons to both sides. I happen to see why both sides are doing what they're doing, which is why I choose to remain neutral on the subject.

On the one hand, I want to see my local neighborhood thrive, improve, and remain one of the best neighborhoods in all of Philadelphia. On the other hand, I don't want to see history/culture erased because money can be made.

It's a tough subject to discuss, and I welcome any/all readers to chime in with comments. I'm also always happy to answer your questions as best I can.

Once more, here is the article that inspired this post.

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