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Old West Philly High School, now ‘West Lofts,’ to welcome first tenants next month

Posted on 23 June 2017 by WestPhillyLocal.com

West PhillyWhile graffiti still covers the front of the old West Philadelphia High School building and it may seem like not much work has yet been done on converting the early 20th century building at 48th and Walnut into loft apartments (the project was first announced in 2012,) a part of the building, now called West Lofts, is ready to welcome its first tenants next month, according to reports.

The first 35 units have been leased for July 1 move-in, and more units are currently for lease for August and September move-ins, according to a report by Philly Curbed.

Upon completion, West Lofts will have 268 studio, 1, 2 and 3-bedroom apartments, many of them bi-level, ranging from $995 to $2,430. The building will also include a restored gym, a co-working space and a coffee shop, according to Philly Curbed.

If you want to see photos from inside the building (they may surprise you!), go to Philly Curbed.

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Old West Philly High School redevelopment project to receive $24 million loan

Posted on 08 February 2016 by WestPhillyLocal.com

800px-WTP_A17_youcanlookitup_2The developers of the old West Philly High School building recently secured $24 million in funding. According to reports, the loan has been arranged by Colliers International Capital Markets and will be used for the acquisition and redevelopment of the 442,200-square-foot, four-story building at 4700 Walnut Street. The 103-year-old building was acquired by New York-based developer Andrew Bank in early 2015.

The project to gut the building and convert it into 298 loft apartments was first presented in 2012, but it took more than two years for Bank to finalize the purchase of the building.

Bank, who is the Managing Director of the real estate development company Strong Place Partners, met with community members last summer to talk about the project. During a June 2015 Garden Court Community Association meeting, Bank told the attendees that his company had obtained all necessary permits and that some work on the building was already being done, including asbestos and debris removal and construction of a loading dock on the eastern portion of the building.

Bank also said that he was waiting for a loan settlement to begin building the first 130 apartments. He added that the project may include some commercial space along Locust Street.

Construction is set to begin in 2017.

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Neighborhood development news, Board election, potluck dinner at Garden Court Community Association’s annual meeting this Thursday

Posted on 17 June 2015 by WestPhillyLocal.com

GardenCourtMapIf you live in the Garden Court neighborhood (see map), read on. Residents are invited to Garden Court Community Association‘s annual meeting this Thursday (June 18). The meeting will take place at Community College West, from 6 to 9:30 p.m and include the following agenda:

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Old West Philly High School building at 47th and Walnut.

Hear about progress on the development planned for the former West Philadelphia High School building. As you probably know, the former West Philadelphia High building is slated to become a 300-unit apartment complex with ground floor retail. A development of this magnitude will no doubt have a dramatic impact on the community. Come out to hear about the status of the project, and ways in which the developer, Andrew Banks, aims to engage community members.

Vote in Garden Court’s 2015-2016 board. Come meet the nominees and exercise your right as a member to vote in the 2015-2016 board.

Learn about GCCA’s latest happenings, from education to business district to zoning.  Continue Reading

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Philadelphia Music and Dance Charter School proposed for old West Philly High building

Posted on 08 December 2014 by Mike Lyons

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Old West Philly High School building at 48th and Walnut. (Archived photo)

Among the proposed new charter school applications that will come under public scrutiny this week is the “Philadelphia Music and Dance Charter School,” a K-12 school that could be housed in the old West Philadelphia High School building at 48th and Walnut.

The siting of the school at the old West Philly High building would require the building’s likely developer, which is in the process of purchasing it to convert to lofts, to lease a sizable chunk of the building – as much as 90,000 square feet –  to the school. The school expects up to 900 students when it hits full capacity in a few years.

The developer, New York-based Strong Place Partners, has apparently agreed to do that, according to the school’s application submitted in November. The public hearing for Philadelphia Music and Dance Charter School’s application is scheduled for 1:35 p.m. on ThursdayContinue Reading

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Old West Philly High likely to become lofts aimed at grad students, faculty

Posted on 10 November 2012 by Mike Lyons

West Philly High

Andrew Bank of Strong Place Partners presents his firm’s plan for the future of the old West Philly High School building during a community meeting Saturday.

 

The old West Philadelphia High School building will be converted into loft apartments aimed primarily at graduate students and junior faculty from nearby universities, the leading bidder told residents during a meeting Saturday.

The New York-based Strong Place Partners, whose purchase of the building will likely be approved next week, plans to build about 300 apartments in the building ranging from small studios to a few apartments as big as 1,600 square feet. The firm’s president, Andrew Bank, said the tentative design will attempt to retain much of the 100-year-old school’s existing infrastructure, including one of the school’s large theaters and its gym.

“Our intention is to preserve the history and in some way preserve the character of the high school,” said Bank, who grew up in suburban Philadelphia and whose grandmother attended West Philadelphia High School.

Bank was speaking to community members during a public meeting at the new West Philadelphia High School. Those in attendance included members of the board of the West Philadelphia High School Alumni Association.

“We would hope that the tenants would be residents of West Philadelphia,” said Alumni Association president Paula McKinney-Rainey.

But Bank said that most of the tenants, who he expects to be associated with universities, would likely be transient. None of the units will be for sale. He said no allowance would be made for subsidized housing or housing aimed at senior citizens. He did add, though, that he believes the rents would be “comparatively affordable” to other housing options in the city.

West Philly

The development plan calls for the preservation of as much of the building’s historic character as possible.

The ground floor of the building will house about 15,000 square feet of retail space and include businesses “geared toward enhancing the lifestyles of the building’s residents.”

Bank said the target demographic for the project included residents in their mid 20s to mid 50s associated with the universities. The project would be the largest private residential building aimed primarily at university-associated tenants west of 47th Street.

Bank said he expected rents to start at $800-$850 per month for a studio of about 400 square feet and that new residents will likely be able to move in by 2016.

“Renovation is much more difficult than new construction,” Bank said of the lengthy construction timeline, which includes zoning changes.

The development also calls for the scaling back of the wide sidewalks along Walnut and Locust streets and a “massive improvement of the streetscape” around the building.

The project will also impact the future of the empty lot on the southwest corner of 48th and Walnut, where the Windermere Apartments stood before fire destroyed that complex in 2011. Bank said the owners of that lot have been waiting to see how the old West Philly High would be developed before they made any decisions.

Parking for the building’s projected 400 or so residents was a concern repeatedly raised by those attending Saturday’s meeting. Bank said his firm will hire a parking consultant to devise a plan. He projected that roughly 10 percent of the residents would own cars, a guess he said that is consistent with other projects he has worked on near universities. If the consultant’s number is larger, he continued, the plan will expand parking.

“Parking is a revenue source, so I have no problem adding it,” he said.

Strong Place Partners’ bid is expected to be approved during a meeting of the School Reform Commission on Nov. 15. Bank would not comment on the bid amount or the expected cost of the renovation.

Once the firm’s bid is accepted, it will negotiate the agreement of the sale with the District before developing a construction timeline and beginning the zoning process, which is when residents will have more opportunities to comment on the plan.

 

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