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

An “Available” sign now hangs on the Apple Storage building, again bringing into question the building’s future. (Photo by Mike Lyons)

Months of neighborhood drama accompanied the sale and re-zoning of the Apple Storage building to a developer who pledged to turn the hulking shell near 52nd and Baltimore into apartments. Now, six months after the plan won zoning approval, the building is back on the market.

Real estate developer Iron Stone proposed to convert the seven-story warehouse into 112 studio, one- and two bedroom apartments and retail space. The neighborhood group Cedar Park Neighbors, many business owners along Baltimore Avenue and Councilwoman Jannie Blackwell supported the project. Meetings were held with neighbors who live near the building and feared their property taxes would increase as a result of the development. Iron Stone successfully navigated the often tricky zoning process.

Now the project appears to be on hold indefinitely. Continue Reading

A community meeting is scheduled for tonight to discuss the proposal to turn the former Apple Storage building near 52nd and Baltimore, which is now vacant, into residential apartments.

The private equity investment firm Iron Stone, which has developed high-end apartments elsewhere in the city, proposes to convert the commercial building into 112 loft-style apartments. The plan also includes 2,000 square feet of commercial space on the ground floor and 92 parking spaces in the rear of the building.

Members of the community group Cedar Park Neighbors and the Baltimore Avenue Business Association support the plan as a way to spur development along the Baltimore Avenue commercial corridor. Some concerns have been voiced about the affordability of the apartments and possible property tax increases resulting from the project.

The plan still needs zoning approval to switch the building’s designation from commercial to residential. Discussion of that zoning variance will be the focus of tonight’s meeting, which is being held at the Arnett A.M.E. Church at 815 S. 53rd Street (near Whitby Ave.) starting at 7 p.m. Among those scheduled to be in attendance tonight is a representative of the Office of Property Assessment, who will address concerns about increased property taxes.