The controversy sparked by a Toll Brothers plan to demolish a row of buildings on the eastern side of Jewelers Row could encourage a different developer to move forward more aggressively with another development on this corridor. In case you haven't been following the saga, Toll Brothers owns 702-710 Sansom St. and intends to demolish the existing structures and build a 29-story building with 115 condos and ground floor retail. This will certainly impact the character of Jewelers Row and many people are up in arms about the plan. But when you consider that the properties have a generous CMX-5 zoning designation and absolutely no historic designation protection, there's little that anybody is going to be able to do to stop the project.
Within a week, a new developer came forward, this time with plans for 26 units, 8 parking spaces, and a green roof. With the building permit already pulled, we can say that the project is most definitely happening, and by-right to boot. Another strong indication that it will be moving forward is the fact that the old Society Hill Playhouse building was demolished over the last couple of months. A reader sent us a rather sad image that shows the building reduced to just one story.
We don't usually call out individual properties listed for sale, but every now and then a particularly special one comes on the market and we feel like we'd be remiss if we didn't bring it to your attention. Such is the case with 1221 Pine St., a historic home in the Washington Square West neighborhood that's now on the market for $550K.
View of the home
According to the listing, the home was built by by Joseph & Eliza Shoemaker, Jr. in 1829, with the first floor originally functioning as a drug store. According to the Historical Commission, the architecture of the building perfectly represents the period in which it was built. Though the exterior of the building is in pretty shabby condition, it appears to be mostly intact and it probably strongly resembles its original state.
The listing has many photos that show the interior of the house, which has a number of seemingly original details but still looks like it will need a total rehab. The current owner, who bought the property in 1985 for $50K (!) seems to have done some renovation work over the years, but looking at the photos we can't be sure that anybody has been living there lately. The building has about 3,000 sqft inside, with three large rooms on each of the first three floors. The top floor has another large room with roof deck access. At this time, per the listing, there's only one working half bath. Like we said, the place needs some serious work.
The Inquirer reported yesterday that Toll Brothers has a plan in place to demolish 702-710 Sansom St., five buildings on Jewelers Row, and replace them with a new 16 story building with 80 apartments and retail on the first floor. Regular readers of this blog know that we're very supportive of development, sometimes to a fault. And yet we find ourselves struggling to embrace this project.