But after the first two homes were framed out, the project stopped dead in its tracks. As we told you before, the new homes were about two-feet taller than was permitted by the permits and L&I shut down the site. The developers ultimately raised the homes off their foundations, lopped off the overbuild, and dropping the shorter homes back onto the foundations and were allowed to resume construction. That was in the spring of 2014. Checking back in today, we see that the first two homes seem finished and the next four are now under construction.
It seems that several developers are wagering that there are no shortage of people who are enthused about the idea. We've already covered several projects in this general vicinity, and we recently spotted a couple more. Nothing too crazy, but in the context of the other stuff happening nearby it's still worth noting.
SW corner of 4th & Tasker in the past
Renovation into a triplex one off the southwest corner
1602 S. 4th St. blends in beautifully with its neighbors, having been designed by the same architect, probably a hundred years ago. But this particular property has sat vacant for the last several years and went on the market in shell condition last fall. Developers snatched it up in just a few days for $160K and are now in the process of converting it into a triplex. Work is still ongoing, but we'd imagine neighbors are pleased that this blight is being taken off the block.
For quite some time, Campenella Construction made their home at 1601 S. Columbus Blvd., and in more recent years their property was available for sale. For the last couple of years however, this site has been ground zero for a war of sorts between AAA, Pennsport Civic Association, the Planning Commission, L&I, and the Central Delaware Advocacy Group.
From 1866 until last year, 240 Greenwich St. was home to a building that was originally the Greenwich Street Church and most recently the Khmer Palelai Buddhist Temple. The property changed hands in late 2013 and the new owners tore down the historic, "non-historic" building.
In the past, view from Tasker Street
Considering the size of the lot, we were intially expecting a large residential project, like so many we've seen of late in Pennsport. We were quite surprised to discover that the owners would only be building two homes on this lot with one fronting Tasker Street and one fronting Greenwich Street. Passing by recently, we discovered that the home on Tasker Street is almost finished. The home on Greenwich Street hasn't gotten out of the ground yet, though the foundation is in place.
The other day, a friend of ours that lives in Pennsport shot us a text with an image of a zoning notice at 1422 S. Front St., an address that rang a bell. Then it hit us. We wrote about this property over a year ago, blasting out to anyone who would listen that a development opportunity existed on Front Street between Reed and Dickinson. Now someone is taking advantage of said opportunity.
Warehouse with zoning notice
Fifteen months ago, the warehouse you see pictured above was "For Sale By Owner" with an asking price of $2.75M. At the time, we indicated that the owners would need to reduce the price in order to move the property, which covers almost 13K sqft. By August, they hired a Realtor and dropped the asking price to $2M. And a few months ago, the property sold for $1.35M. Not for nothing, but the new owners actually got a pretty solid deal in the end.