From time to time we come across an intersection and write about one development related story, only to find that a few months later that same intersection or very close to it becomes a hotbed of redevelopment stories.
One of our recent kicks is 6th & Thompson. While the northeast corner contains one of the cooler looking buildings in the neighborhood, both the northwest and southwest corners are huge vacant lots. Some of the lots on the northwest corner look like they serve as a green space for the neighborhood. While neighborhood green space is a beautiful thing, it’s clear that both of these corners represent tremendous development opportunities. Or at the least, one of them could be developed and the other maintained as open space.
Cool looking mixed-use rehab on northeast corner
As far as what would be developed first, our money’s on the southwest corner. Formerly owned by a church, the five properties that make up this large lot were together purchased last year by Thompson Street Holdings LLC. With a purchase price of $250K, one would have to imagine that big plans are in store for this parcel.
We've passed by 2940 W. Thomson St. numerous times over the years, often wondering what purpose it once served and when it was last in use. Earlier this year, we noticed a 'For Sale' sign on the building, but never bothered to look into it, thinking it was snatched up the day after the sign went up. Seems we were mistaken.
The property has been owned by PHDC since 1983, and was listed for sale in February for $130K. While that may seem like a strong price point for a building in Brewerytown, the dimensions of the lot make it a very attractive real estate investment. Checking in at 118' by 66', the lot could easily accommodate seven single family homes or a more creative multi-unit development. Or a combination of the two. Somehow, the building sat on the market for four months and was then taken off.
Last week, at two different RCO meetings, developers presented plans for two new homes on the 2000 block of Titan Street in Point Breeze. 2002 and 2004 Titan St. have been vacant lots for decades, but that situation should be changing very soon. At the South Philadelphia H.O.M.E.S. meeting last Monday, the developer told the assembled crowd that he purchased 2002 Titan St. at sheriff's sale about a year ago and had just purchased 2004 Titan St. from PHDC.
The future of a proposed development at 1021-25 S. 18th St. is in question after developer Vitaly Paluchenko presented his plans for the site for the second time last month to the SOSNA Zoning Committee. While this neighborhood has seen considerable redevelopment and tons of infill construction in recent years, these lots have remained empty. But if the developer has his way, three triplexes, designed by Harman Deutsch, will soon rise on the site.
As any Temple student or regular reader of this site is well aware, there's been a tremendous amount of new development in the area surrounding Temple in the last several years. So when we spotted a ZBA notice for a new development at 1901 N. 19th St., we figured it was just more of the same.