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Real Estate Updates (Part II)

Posted on 18 October 2013 by Annamarya Scaccia

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The Croydon (Archived Photo / West Philly Local)

As promised, we checked into a few other developments in the area for round two of our real estate updates (you can read Part I here). We’ve received somewhat definitive answers for some projects—others were harder to chase down. We’ll update this post once we learn more information.

  • The Croydon, at 241 S. 49th Street, seems to be shaping up nicely. According to a receptionist for the Orens Brothers, property owners of the 127-unit building, the Croydon is still under renovation, with possible occupancy starting in February. (To this end, Philly.com reported earlier this month that about 30 of the 127 apartments will be available beginning in January.) The project, however, will be completely renovated by June 2014, with occupancy projected to begin by this date, according to the University City District’s The State of University City 2013/2014 report.
  • In August, we also reported that Kensington-based Greensgrow Farms is eyeing the empty lot on 51st Street and Baltimore Avenue as part of their search for a West Philly hub, but its interest was in the proposal stage. According to Greensgrow’s Design and Media Coordinator Bryn Ashburn, they’re still in the proposal stage. Ryan Spak, owner of the lot, confirmed as much, saying more details have to be hammered out before they could move forward with anything official.
  • It’s been a year since the old West Philadelphia High School was sold to New York-based developer Strong Place Partners and it has been radio silence since. Even a quick Google search yields little information since the sale of the building, which was sold for $6.5 million, was announced in late 2012. Rumor has it, though, that the sale fell through (or at least, didn’t close). We couldn’t confirm that gossip with Strong Place Partners, but a property assessment search still lists the School District of Philadelphia as the owner. We’ll post an update once we’re able to get more information.

Annamarya Scaccia

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What retail do you want (or not want) in Spruce Hill? SHCA seeks community input

Posted on 16 October 2013 by WestPhillyLocal.com

online-surveysThe Spruce Hill Community Association’s (SHCA) Business Association Committee was formed earlier this year to work on several things in support of SHCA’s efforts to improve the quality of life in the neighborhood. These efforts include figuring out what the neighborhood wants and doesn’t want in terms of storefronts. To get a better idea of your interests and opinions, the committee is conducting a survey of retail preferences in the neighborhood and inviting community members to participate. Later this month, SHCA will be distributing a newsletter to every resident in the neighborhood that will include an invitation to participate in the survey, according to Lee Huang, the committee chair.

The 10-question survey is now available online. Residents can also email shca.bac@gmail.com to request a copy of the survey.

Some of the survey questions include: What kind of retail would you like or not like to see in the neighborhood? What is your favorite business? What retail locations need the most improvement? For more information about Spruce Hill, including its borders, visit: http://www.sprucehillca.org/about/

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Renovation underway at Gary’s Nails

Posted on 14 October 2013 by Annamarya Scaccia

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The building that housed Gary’s Nails Salon was damaged during demolition of Elena’s Soul Lounge in December, 2012. (Archive photo/West Philly Local)

After nearly a year of no movement, it seems that the site that was once home to Gary’s Nails Salon at 4910 Baltimore Avenue is now buzzing with renovation work.

Like Cedar Park Cafe, Gary’s Nails was extensively damaged during demolition of neighboring Elena’s Soul Lounge in December of last year, causing the nail salon to shutter its door. (The owners were cited with a violation on December 28, 2012 that claimed the property was “imminently dangerous.”) While Cedar Park Cafe reopened its doors at 4912 Baltimore Ave. mid-August, there was still no word on Gary’s Nails until a few weeks ago when construction work began on the building.

According to one worker at the scene, Gary’s Nails is only undergoing renovation on its roof. In particulars, that means the erection of roof framing and installation of a low-slope built-up roof assembly, describes an active alternation permit issued by Philadelphia License and Inspections on June 21, 2013. The active permit, which was updated October 8, also calls for the partial construction of a masonry wall.

While, according to the Board of Revision of Taxes, the property that once housed Gary Nails is still owned by Ye Me Chi, there is no indication if Gary’s Nails will return as a business  (the property’s exterior condition is listed as “vacant”). West Philly Local was unable to get in touch with the owner for confirmation. We’ll post an update as soon as we have more information.

Annamarya Scaccia

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University Place 2.0 and 3.0 are changing the face of West Powelton

Posted on 10 October 2013 by Alex Vuocolo

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Multi-tenant office building in West Powelton, University Place 2.0, was completed in September, 2013. (Photos by Alex Vuocolo/West Philly Local)

A sparsely developed segment of West Powelton is getting two large facilities, both by University Place Associates, LLC.

The first multi-tenant office building, University Place 2.0, was completed last month and is already close to full capacity. The highest profile tenant, the U.S. Department of Immigration Services, signed on in 2011 and now occupies about half of the building’s 105,000-square feet.

Located on 41st St. between Market and Powelton, University Place 2.0 is the first pre-certified L.E.E.D Platinum building in Philadelphia. Its amenities includes a green roof with drought-tolerant vegetation, shading devices that reduce heat during the summer months and a floor plan that utilizes natural light.

ImmigrationServicesUP2Common areas will also be 100 percent powered by renewable energy for the first two years through the purchase of Renewable Energy Certificates. Tenant space will be 50% powered by renewable energy.

Other tenants include Shraga Studios, the architects behind the building, and U.S. Facilities Inc, an infrastructure support and facilities management firm.

University Place 3.0 is located next store at 41st and Market, and it will not begin construction until University Place Associates finds an anchor tenant. Construction should take two years once an anchor is secured, according to Matthew Guerrieri, a leasing agent for both buildings.

Guerrieri noted that the anchor should take up 60,000-square feet of the building’s total 150,000-189,529-square feet and ideally be a company focused on sustainability, given the building’s L.E.E.D. Platinum status.

For now though, the once empty lot between Powelton and Market is already looking a lot less barren. West Philly Local will keep up on any further developments.

Alex Vuocolo

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Philly Diner’s former site on 39th and Walnut Streets may soon be home to an office building

Posted on 03 October 2013 by Annamarya Scaccia

Once home to the Philly Diner, which closed two years ago after 10 years of fueling college students, the lot at 3901 Walnut Street may soon be the site of an office building, The Daily Pennsylvanian recently reported.

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3901 Walnut Street, former site of the Philly Diner / Photo by Annamarya Scaccia (West Philly Local)

The University of Pennsylvania, which owns the plot, plans to erect a six-story office building that will house some of the institution’s administrative offices displaced by the recent construction of the Ronald O. Perelman Center for Political Science and Economics off 36th and Walnut Streets.

According to Penn’s Division of Facilities and Real Estate Services, the project is currently in the proposal stage, with its design and purpose yet to be green lit (funding was already approved, however). The fate of the building currently rests with Penn’s Facilities and Campus Planning Committee of the Trustees, which will meet November 7 to decide.

Philly Diner

The Philly Diner closed in October, 2011 and the building was demolished last year. (Archive photo / West Philly Local)

A zoning permit posted at the site, though, does detail Penn’s application to build a six-story office building featuring a green roof, roof top structures, and three bicycle spaces. The zoning permit was approved on September 17. Penn’s Facilities and Real Estate Services plans to release official information and plans on the project after the November meeting. We will update our readers once we hear from the office.

In 2009, the Philly Diner went from a 24-hour joint to enacting 1 a.m. and 2 a.m. closing times after a late-night shooting occurred outside the university-owned building in February of that year. The owner decided not to renew the lease in 2011, forever closing the doors of a popular—yet troubled—local favorite.

Annamarya Scaccia

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University City District addresses The State of University City 2013/2014

Posted on 02 October 2013 by Annamarya Scaccia

UCD_bike_patrolUniversity City is a global city—at least, that was the theme of this year’s The State of University City address hosted by the University City District and the University of Pennsylvania.

The 2013/2014 program, held Monday afternoon at the International House Philadelphia on 37th and Chestnut Streets, focused on University City’s global reach. University of Pennsylvania Executive Vice President Craig Carnaroli and Dr. Ezekiel J. Emanuel, Vice Provost of UPenn’s Global Initiatives, both discussed how their institution, as well as Drexel University and University of the Sciences, fosters an international neighborhood connection through its diverse student body and international academic, cultural and social partnerships.

In regards to the larger University City community, University City District Executive Director Matt Bergheiser pointed to recent real estate and commercial developments, cultural and community events, and the neighborhood’s shifting demographics as factors in creating “a global University City.” Each speaker, however, stressed that, while University City does impact the global community at large, people living and working in the neighborhood must continue to promote and support initiatives that are global in practice.

While the panel itself presented numbers relative to this year’s theme, attendees were also given a packet detailing more statistics about University City. In numbers:

  • 23 percent of University City households speak a language other than English at home.
  • 17 percent of University City’s residents is foreign-born, five percent more than Philadelphia’s overall population.
  • According to Dr. Emanuel, the University of Pennsylvania has over 7,000 foreign-born students a year. Combined with Drexel University, that’s about 9,000 foreign-born students. (Dr. Emanuel noted that UPenn doesn’t do its best at integrating University City’s foreign-born residents, which he expects to change with the construction of the university’s Perry World House.)
  • Nearly $3.5 billion of new or recently completed real estate projects.
  • University City has over 72,000 jobs, with a 93 percent office occupancy rate and 89% retail occupancy rate.
  • About 16 academic, commercial, medical/biomedical, or residential/mixed-use properties being constructed within the next three years.
  • Average property values have tripled since 2000, from over $100,000 to over $300,000 in 2012.
  • Cost of living in University City is 28 percent lower than Center City.
  • The number of 20- to 34-year-olds living in University City has increased by 21 percent between 2000 and 2010, with 20- to 24-year-olds making up the highest number of residents.
  • Racially, the population breaks down as follows: 25 percent Black or African-American, 20 percent Asian, and 50 percent White.
  • In 2012, rate of serious crimes in University City was down 50 percent since 1998, compared to just under 25 percent for the city overall.
  • Between 1998 and 2012, University City experienced a -44 percent change in rate of violent crime per 1,000 residents, compared to a -16 percent change in the City of Philadelphia.  Continue Reading

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