Construction has begun on the vacant lot on the southwest corner of 40th and Pine Streets (400 S. 40th St) where a 19th century Italianate mansion, designed by architect Samuel Sloan, once stood.

A developer, Equinox Management & Construction, is redeveloping the site into a market-rate apartment complex called The Azalea, which will be targeted at graduate students. The first construction permit – for the building’s foundation – was issued last month.  Continue Reading

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

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

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 site.  Continue Reading

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

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