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Real Estate Updates (Part II)

October 18, 2013

croydon

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

2 Comments For This Post

  1. Andy L. Says:

    Thanks for this roundup! There will be several additional zoning updates coming out in Spruce Hill’s newsletter in two weeks too (will be delivered to all Spruce Hill homes and available online). I know that SHCA’s zoning committee continues to be in contact with the developer on 4224 Baltimore, and there will be more to come in the near future. Right now, the developer is trying to decide whether to go through traditional zoning by way of the ZBA or possibly seeking an ordinance through city council. It’s all as clear as mud at the moment, since zoning rules recently changed and all developers are in uncharted waters navigating them right now.

  2. Berger Properties Says:

    Check out http://www.bergerproperties.org and we are offering $200 OFF your first month’s rent for a 1 year lease. Just Mention the Fall Promo. Call 215-771-1036 to schedule a showing.

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