Quote:
Originally Posted by Jonboy1983
That's good to know. At some point, could these townhomes be worth some $700k?
I imagine that if they do something with the Vine Expressway, like perhaps cap the damned thing, this area would become even more desirable than it is already. That would make for one heck of a long park-like setting extending from the Art Museum to at least Chinatown and almost all the way to Old City...
|
There are already houses reaching over $700k in Fairmount, ESPECIALLY closer to the Parkway, and a bunch more down around the $600k range.
http://www.trulia.com/for_sale/5785_nh/price;d_sort/
The Parkway already acts as "sort of" a cap over Vine Street, and acts as a nice connector to Center City, which is why I imagine this neighborhood was able to prosper and do so well, while all other neighborhoods north of the Vine Street expressway that were cut off to Center City by it's construction, did not do so hot.
The neighborhood just to the north of the the Expressway and just to the West of the Parkway, which people call by multiple names (Logan Square, or Franklintown or simply the Art Museum area), has a lot of new highrise proposals on those hideous massive surface parking lots. This will help connect Center City and Fairmount/Spring Garden/Brewerytown/Francisville even better.
Now if the Vine Street Expressway was capped from 10th Street to 23rd Street, I think that would be miraculous! It would increase demand for ALL neighborhoods north of the expressway, and probably breathe new life into the Loft District. It would also connect Fairmount Park, The Parkway and Logan Square to the proposed Reading Viaduct Park. That would be a long stretch of green space!