PHILADELPHIA | Lowrise/General Developments Thread

[summersm343]

1306-14 Callowhill update from Naked Philly

Current progress:



Rendering:



https://www.ocfrealty.com/naked-philly/l...ail-park-could-mural-lofts-tower-be-next

[PhilliesPhan]

Originally Posted by PHLtoNYC

After some pandemic setbacks, Center City apartment market regains momentum

The rental market is starting to become just as crazy as the housing market. My fiancee and I gave our landlord notice after finding a house to buy, which we eventually backed out of upon inspection. It only took three days from the listing date to secure a new tenant in the meantime, so we were worried that we would have to scramble to find a new house AND a new apartment in simultaneously competitive markets! Luckily, we just found another house, so we avoided an unsettling situation; nevertheless, it gave me anecdotal proof that Greater Center City (we live in Fairmount, for now) is back.

The rental market of today stands in huge contrast to the one of last year, where we were able to negotiate a lease extension in exchange for a free parking spot (usually $175/month) for my then-girlfriend.

[PHL10]

Originally Posted by PhilliesPhan

The rental market is starting to become just as crazy as the housing market. My fiancee and I gave our landlord notice after finding a house to buy, which we eventually backed out of upon inspection. It only took three days from the listing date to secure a new tenant in the meantime, so we were worried that we would have to scramble to find a new house AND a new apartment in simultaneously competitive markets! Luckily, we just found another house, so we avoided an unsettling situation; nevertheless, it gave me anecdotal proof that Greater Center City (we live in Fairmount, for now) is back.

The rental market of today stands in huge contrast to the one of last year, where we were able to negotiate a lease extension in exchange for a free parking spot (usually $175/month) for my then-girlfriend.

Thanks for sharing that experience and congrats on your house!

[mcgrath618]

Originally Posted by summersm343

refurbished trolley car for the entrance to the rail park from broad street? Hope this happens soon

refurbished trolley car plans that have long been in the works:



view of current site:



https://www.ocfrealty.com/naked-philly/l...ail-park-could-mural-lofts-tower-be-next

IT'S NOT A TROLLEY CAR



It's actually in fairly good shape, structurally. I've always fantasized about buying it and running a private car on SEPTA like CNW 553.

[PhilliesPhan]

Originally Posted by PHL10

Thanks for sharing that experience and congrats on your house!

Thanks man! We’re excited to be two of Roxborough’s newest residents. It has always been a pretty nice neighborhood, but we can tell that it’s primed for some serious growth both now and in the future.

We’ve loved living in Fairmount, but it isn’t exactly the most affordable neighborhood for first-time homebuyers!

[Busy Bee]

Yeah, why did they call that a trolleycar? Do they know the difference between a mainline dining car and a trolley?

[Raja]

Originally Posted by PhilliesPhan

The rental market is starting to become just as crazy as the housing market. My fiancee and I gave our landlord notice after finding a house to buy, which we eventually backed out of upon inspection. It only took three days from the listing date to secure a new tenant in the meantime, so we were worried that we would have to scramble to find a new house AND a new apartment in simultaneously competitive markets! Luckily, we just found another house, so we avoided an unsettling situation; nevertheless, it gave me anecdotal proof that Greater Center City (we live in Fairmount, for now) is back.

The rental market of today stands in huge contrast to the one of last year, where we were able to negotiate a lease extension in exchange for a free parking spot (usually $175/month) for my then-girlfriend.

Two houses on my block in Queen Village went up for sale last Saturday. Both went under contract by Sunday night. I have no idea what's happening -- it seemed like the neighborhood had been cooling since mid-last year -- but friends in Fishtown and GH have similar stories. Maybe it's just an early jump on the homebuying season, maybe it's something more lasting. But geez man, for all the crime, city service backlogs, and other issues, people definitely seem to be digging in for the long haul.

Oh -- and congrats!!! Enjoy the access to Wiss!

[PHLtoNYC]

Originally Posted by PhilliesPhan

The rental market is starting to become just as crazy as the housing market. My fiancee and I gave our landlord notice after finding a house to buy, which we eventually backed out of upon inspection. It only took three days from the listing date to secure a new tenant in the meantime, so we were worried that we would have to scramble to find a new house AND a new apartment in simultaneously competitive markets! Luckily, we just found another house, so we avoided an unsettling situation; nevertheless, it gave me anecdotal proof that Greater Center City (we live in Fairmount, for now) is back.

The rental market of today stands in huge contrast to the one of last year, where we were able to negotiate a lease extension in exchange for a free parking spot (usually $175/month) for my then-girlfriend.

Congrats. Yea, I have no doubt the purchase and rental markets are strong in Greater Center city (and other neighborhoods too).

Even the burbs. In Upper Providence (near Media) my parents next door neighbor put their house on the market at a high price, and under contract at full ask in 2 days.

[summersm343]

Fajitas Out, Apartments in for Adobe Cafe at 4550 Mitchell Street in Roxborough

Current site of 4550 Mitchell Street:



Site plan for project:



Elevation drawings:

The property went on the market about a year ago, going under contract last summer at a $1.4M list price. At some point in the near future, the restaurant is going to close its doors, as developers have pulled a zoning permit to demolish the existing buildings on the site, hiring CosciaMoos to design a building to bring 38 new units over 1,500 sqft of commercial space.

Read/view more here:
https://www.ocfrealty.com/naked-philly/m...artments-in-for-adobe-cafe-in-roxborough

[summersm343]

Completion Approaches At 3045-51 Richmond Street In Port Richmond





Read/view more here:
https://phillyyimby.com/2022/02/completi...-street-in-port-richmond-kensington.html

[summersm343]

Excavation Underway At 36-38 South 2nd Street In Old City

Current progress:



Rendering:



Read/view more here:
https://phillyyimby.com/2022/02/excavati...-2nd-street-in-old-city-center-city.html

[Aaamazarite]

Originally Posted by PhilliesPhan

The rental market is starting to become just as crazy as the housing market. My fiancee and I gave our landlord notice after finding a house to buy, which we eventually backed out of upon inspection. It only took three days from the listing date to secure a new tenant in the meantime, so we were worried that we would have to scramble to find a new house AND a new apartment in simultaneously competitive markets! Luckily, we just found another house, so we avoided an unsettling situation; nevertheless, it gave me anecdotal proof that Greater Center City (we live in Fairmount, for now) is back.

The rental market of today stands in huge contrast to the one of last year, where we were able to negotiate a lease extension in exchange for a free parking spot (usually $175/month) for my then-girlfriend.

SSP Roxborough Takeover Woooooo! Be prepared for NIMBYism on a grand scale-- the anti-development sentiment is similar to those of old Fishtowners with a little bit of Society Hill-style complaining sprinkled in.

[Redddog]

Originally Posted by summersm343

Excavation Underway At 36-38 South 2nd Street In Old City

Current progress:



Rendering:



Read/view more here:
https://phillyyimby.com/2022/02/excavati...-2nd-street-in-old-city-center-city.html

I just don't love that building for some reason. I wish it were red brick and black - more of an industrial look.

[PurpleWhiteOut]

Originally Posted by Redddog

I just don't love that building for some reason. I wish it were red brick and black - more of an industrial look.

There are SO MANY white brick buildings that would look great in red brick. They're trying to stand out but instead I wish they'd try to fit in since it's a red brick city.

[McBane]

Originally Posted by PurpleWhiteOut

There are SO MANY white brick buildings that would look great in red brick. They're trying to stand out but instead I wish they'd try to fit in since it's a red brick city.

Or....maybe it's nice that not every building looks the same? I value and appreciate Philadelphia's architectural diversity. I just cringe at the thought that we have to pigeon hole ourselves as a "red brick city." Let me guess, you think everything in Society Hill should be designed to look Colonial? Our own little Williamsburg, VA? No thanks.

I actually really like the white brick and the concept in general. It's very elegant while retaining an industrial vibe but without pretending to be historical.

[PHLtoNYC]

Originally Posted by McBane

Or....maybe it's nice that not every building looks the same? I value and appreciate Philadelphia's architectural diversity. I just cringe at the thought that we have to pigeon hole ourselves as a "red brick city." Let me guess, you think everything in Society Hill should be designed to look Colonial? Our own little Williamsburg, VA? No thanks.

I actually really like the white brick and the concept in general. It's very elegant while retaining an industrial vibe but without pretending to be historical.

And I trust Canno And Tester will produce a very nice looking building.

[UrbanRevival]

Originally Posted by McBane

Or....maybe it's nice that not every building looks the same? I value and appreciate Philadelphia's architectural diversity. I just cringe at the thought that we have to pigeon hole ourselves as a "red brick city." Let me guess, you think everything in Society Hill should be designed to look Colonial? Our own little Williamsburg, VA? No thanks.

I actually really like the white brick and the concept in general. It's very elegant while retaining an industrial vibe but without pretending to be historical.

Agree. A big part of what makes Philadelphia's urban fabric so satisfying and non-monotonous is its granular diversity within neighborhoods, and that certainly includes color and texture. Bring on the white brick!

[PHL10]

If the façade will look anything like the new townhomes at Broad and Fitzwater, it will look great.

[PurpleWhiteOut]

Originally Posted by McBane

Let me guess, you think everything in Society Hill should be designed to look Colonial? Our own little Williamsburg, VA? No thanks.

Lol, no I don't. That's quite a strong reaction to me not liking white brick lol. I'm just not a fan and I think it's overdone at this point imo

[summersm343]

Update: Residences At Park Avenue Break Ground Near Divine Lorraine

Rendering:



Current progress:

Just a couple of days ago, the Riverwards Group posted something on Instagram that we weren’t expecting – things were already moving on the construction of these 16 large homes. After receiving a zoning permit late last year for lot line relocation, the development team wasted no time moving on this project, which sports the uber-classy name Residences at Park Avenue. And with a bit more looking around, we were able to find updated site plans in addition to some renderings from Harman Deutsch Ohler.

Read/view more here:
https://www.ocfrealty.com/naked-philly/w...avenue-break-ground-near-divine-lorraine