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Development

Post Bros. buy Apple Storage, plan 153-unit apartment building

Posted on 27 November 2017

Former Apple Storage facility at 780 S. 52nd St (Google Street View image).

The real estate development firm Post Brothers has bought the long vacant Apple Storage facility on South 52nd Street and plans to build a 153-unit residential building.

Philly.com reported that the Post Brothers, which has acquired several buildings in recent years including The Netherlands at 4300 Chestnut, Hamilton Court at 3800 Chestnut, and Garden Court Plaza, paid $2.4 million for the hulking shell at 780 S. 52nd St., a couple blocks south of Baltimore Avenue. That price reflects the fact that the zoning approval had already been granted in 2012 for “Apple Lofts,” a residential housing proposal that drew mostly praise but prompted discussions about gentrification.

A zoning permit approved last week expanded the proposed project from 112 to 153 units and commercial space. The original zoning permit also includes 92 “accessory” parking spaces.  Continue Reading

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Kenney clarifies timeline for 4601 Market St.

Posted on 15 November 2017

Mayor Jim Kenney told the audience gathered for the Spruce Hill Community Association annual meeting last night that the city would likely to have a handful of serious proposals for the old Provident Mutual Insurance building at 4601 Market St. by early January.

His administration cancelled plans in May to move the police headquarters to the building, opting instead for the old Philadelphia Inquirer building at 400 N. Broad St. Those plans were devised during the administration of Michael Nutter.

The city has received several requests for quotation (RFQ) on the property. These are narrative proposals of what would be done with the property. Those proposals range from commercial and retail to medical and educational. All propose a mix of uses for the property. Kenney said the RFQs are private and he could not provide specific details on any of them.  Continue Reading

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Mayor Kenney to talk about Provident Insurance building’s future at SHCA’s annual meeting on Tuesday

Posted on 13 November 2017

Philadelphia mayor Jim Kenney will be a featured speaker at an upcoming Spruce Hill Community Association’s annual meeting on Tuesday, Nov. 14 at the Penn Alexander School Cafeteria (43rd and Locust). The mayor will address the future of the former Provident Mutual Life Insurance Building at 4601 Market (pictured).

The site was chosen by former mayor Michael Nutter administration for the new police headquarters and has been undergoing renovations since 2014. But, the Kenney administration canceled the plans to relocate the Police Headquarters to the site in the spring of 2017. In August, the city began seeking a new developer for the siteContinue Reading

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UCD’s annual report shows more millennials, more apartments, higher rents and home prices in last year

Posted on 10 November 2017

The University City District released its annual “State of University City” report on Thursday night. It shows what most of us already know: home prices are up; new retail spots are opening left and right; and the population is growing and getting younger.

UCD roughly defines “University City” as the area bounded by the Schuylkill River to the east, 50th Street to the west, Market Street/Powelton Avenue/Spring Garden Street to the north and Woodland Avenue/University Avenue to the south.

Here’s what the report, which covers trends through 2016, shows in key areas:

Real Estate Development

During 2016, 28 projects were either completed or made significant strides toward completion. These include academic, commercial, medical and residential projects. Curbed Philly has a handy map with many of the new projects covered in the report.  Continue Reading

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$3.5 billion development project, Schuylkill Yards, breaks ground near 30th and Market

Posted on 09 November 2017

Schuylkill Yards, rendering image.

Drexel University and developer last year Brandywine Realty Trust unveiled their plans for “Schuylkill Yards,” a $3.5 billion development project, which includes development of 14 acres of parking lots and concrete space west of 30th Street into eight high rises, green public spaces and retail. On Wednesday, this ambitious project, which will take from 15 to 20 years to complete, broke ground.

The first phase of the master plan will include construction of Drexel Square, a 1.3 acre a public park on the corner of 30th and Market called Drexel Square, and mixed-use development along JFK Boulevard.  Continue Reading

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New Penn College House to be built near 40th and Walnut

Posted on 08 November 2017

Penn’s New College House West will be built near 40th and Walnut (Photo by West Philly Local).

It looks like the green space behind the Walnut Street library near 40th and Walnut will not remain open for too much longer. Penn has announced plans to build a new 250,000-square-foot residential building, New College House West, in the space where 40th Street summer concerts are held. The design for the building was approved last week. The University of Pennsylvania Board of Trustees approved the design of the building last week.

View of the New College House West from 40th St and Locust Walk (rendering image by Bohlin Cywinski Jackson Architects)

The new undergraduate college house will occupy a site bounded by Locust Walk, Walnut Street and 40th Street. The new construction will not affect the West Philadelphia branch of the Free Library of Philadelphia, which will remain open.

The new project will serve as a “new western gateway to campus,” according to Penn President Amy Gutmann.

The project is designed by Philadelphia-based Bohlin Cywinski Jackson Architects, the company that recently completed the New College House at Hill Field. The 450-bed residence will include a mix of 6- and 5-bedroom two-bath suites and 4-, 3- and 2-bedroom one-bath suites and will house sophomores, juniors and seniors.

The construction of the $163-million project will begin in Spring 2018 and is expected to be completed by Fall 2021. More information can be found here.

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