Demolition of 19th century Christ Memorial Church underway (October, 2018).

The demolished 19th century Christ Memorial Reformed Episcopal Church building on the northeast corner of 43rd and Chestnut Streets has recently been resold (for a second time) to a new developer, according to reports. Alterra Property Group, the same developer who is currently erecting a 6-story prefab apartment building on the 4100 block of Chestnut, purchased the property for $17 million in February, according to a recent report by Philly.com, and is planning to build another apartment building aimed at “graduate students, retained graduates, and young professionals” on the site.  Continue Reading

Photo by Shepard Ritzen.

The mystery of the lifestyle art sculptures that recently appeared on an empty lot on the 4700 block of Market Street has been (somewhat) solved. The statues are by well-known New Jersey-based artist Seward Johnson, and the lot, owned by the Daniel Veloric Foundation, is a future site for a museum with some public meeting space, according to a recent report by Philly.com.

It’s not clear yet when the construction will begin, but reportedly “soon.” The Veloric Foundation, whose owner Daniel Veloric is 91 years old and lives in the suburbs, purchased the entire block in 2017. Some demolition work on the site has already been done, according to the report. The organization has reportedly allocated $1.3 million for the project.  Continue Reading

An artist’s rendering of 4306 Market St. The city approved the adjacent building to the right in October.

The 4300 block of Market Street, which includes a Checkers, some vacant lots and a handful of row homes, will likely look completely different by next summer.

A proposal for a six-story, 22-unit apartment building at 4306-4310 Market St. met with a favorable reaction from the Spruce Hill Community Association zoning committee on Monday. The building would be fit in between a cluster of existing row homes and another building, 4312 Market St. that was approved last year. The two projects are related.

The proposal would combine three lots into one for the building (one is the former site of the Dirt Factory). The proposed building would include 13 two-bedroom apartments, 5 one-bedrooms and 4 three-bedrooms. No information was available on proposed rent prices, but developers said the apartments would be “higher end” and not aimed at students. There are no affordable housing units proposed as part of the project, which several zoning committee members asked developers to reconsider.  Continue Reading

City Council formally approved the sale of the sprawling Provident Mutual Insurance Co. building and surrounding land on Thursday, clearing the way for the long-anticipated development of the site.

Iron Stone Real Estate Partners has been shopping its plan to develop a healthcare campus on the site in collaboration with Public Health Management Corp. and The Children’s Hospital of Philadelphia around to neighborhood groups and public meetings since September 2018.

Last year, the city selected the proposal, which included an approximately $10 million sale price, after a bidding process that began in 2017.  Continue Reading

Councilwoman Jannie Blackwell has scheduled another community meeting about the future of the former Provident Insurance Co. building at 46th and Market. The previous meeting discussing the proposed sale of the property to local developer Iron Stone Real Estate Partners took place last month, after which Blackwell halted a vote on the sale in City Council. The previous community meeting called for more transparency in the sale process.

The meeting will take place on Tuesday, Jan. 29, from 6 – 8 p.m. at West Philadelphia High School (49th and Chestnut).

The Walnut Hill Community Association also held a community meeting about the proposed development of the property earlier this month. Read more about it here.

Walnut Hill residents got a chance on Thursday to ask the proposed developers of the Provident Insurance Co. building at 4601 Market Street what benefits the neighborhood would get from the healthcare campus planned for the site.

Iron Stone Real Estate Partners execs presented their plans for the building at a Walnut Hill Community Association meeting aimed at finalizing a “community benefits agreement,” a contract that would reflect community requests on everything from hiring practices to parking to the use of green space in development projects that get public subsidies.  Continue Reading