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.
It was over three years ago that we first brought the north side of the 100 block block of Alter Street to your attention, but the stalled construction has been bogging down the block for almost a decade. From what we can tell, the Stein & Silverman Family Partnership started work on three homes here in 2004 or 2005 after building two homes next door on Front Street. They cleared the lot, put in foundations, and then did absolutely nothing. As the years have rolled along, the lots have alternately been overgrown and strewn with garbage and then cleaned up by neighbors and/or owners. Also, the entire south side of the block has filled in with new construction, as we've detailed.
But there's good news on Alter Street. Finally, it seems these lots are going to be developed, as the owners have sold the lots to new developers. We passed by the other day and spotted the early stages of construction.
Construction seems to be starting
Not only is construction underway, but the three homes are already listed for sale. 103 Alter St. is available for $599K, 105 Alter St. can be yours for $625K, and 107 Alter St. is a steal at $700K. The first two homes will have three bedrooms, two bathrooms, and two half-baths. The last home, which will be long and skinny, will feature four bedrooms, three full bathrooms, and one half-bath. Check out these black and white elevations from Landmark Architectural Design along with a hand-drawn site plan.
Remember Manton Street Park? Back in the summer of 2011, a collection of near neighbors cleaned up this long vacant parcel at the corner of 4th & Manton, turning it into a pocket park and community garden. In short order, they learned that the City owned lots had already been sold to a developer, and it looked like the open space would be redeveloped into new homes. Things looked grim for this little patch of green on Manton Street. But after months of discussions a compromise was reached, the developers agreed to build fewer homes, and the block kept its pocket park. Today, it's looking pretty sweet.
Manton Street Park
Recently, work began on a new mural that will further brighten up Manton Street Park. The artist is David Guinn, the guy who painted the now-covered Autumn in Bella Vista and the still-visible Winter: Crystal Snowscape. When we passed by today, the artist was onsite, doing his thing.
In Pennsport, it seems like we're seeing a steady stream of former industrial buildings get demolished in favor of new construction homes. After a Target trip the other day, we breezed past 103 Tasker St., possibly the next in line for that kind of treatment.
Building is available
The two story property is listed for sale for $250K, which we think is more than the owners will be able to get for it. According to the listing, it runs street to street, so rear parking sounds like it should be possible but with only 41' of depth, some kind of garage would be required, either on Tasker or Greenwich Street. The listing also indicates that the property needs work, so maybe the future owners will renovate the building rather than tear it down and build new. A third floor addition would make that course of action a little more palatable. Also, does anyone know where the Republican First Ward now meets? Seems this was once a location for that sort of thing, if the sign on the door is to be believed.