There aren't so many immediately recognizable development opportunities in Center City, but last year, a sign at 251 N. 12th St. really drove the point home.
View of the property from last year
We brought this property to your attention, encouraging anyone and everyone to buy it and build something. The property has some good things going for it, like its location close to the middle of town and the fact that the zoning would allow for a five-story building by right. With a list price of $275K though, it's evident that the property comes with some challenges. First, the property is much slimmer than you might prefer, with a width of only about 12 feet. As we've commented many times in the past, for a single family home you ideally want at least 16' of width, and this becomes even more important with an apartment building. While its location is good in terms of what's close by, it sits right on the Vine Street Expressway which is far from ideal. Finally, the redevelopment of this property will mean the elimination of a pretty great mural.
When we got an email the other day about an upcoming Fairmount Civic Association meeting for a project on the 2600 block of Girard, our hearts soared with hope that the huge lot between Taney and 27th was finally getting developed after many years of vacancy. You may recall, we told you back in 2014 about a plan for that property that was to entail a four-story mixed-use building on Girard, ten homes on 27th Street, and a parking lot. Such a project would be a game changer for Brewerytown, eliminating a huge gap in the Girard Avenue corridor and adding a bunch of new neighbors to the community. Alas, the property still looks more or less the same as it has for a long time.
View at 27th & Girard
But we faked ourselves out! The meeting isn't about this property at all. Instead, it's about a totally different property at the corner of 26th & Girard. Bummer.
We've been banging the drum for Washington Avenue west of Broad for a long time, liking it so much we even moved our office there. Finally, after years of waiting, the corridor is taking steps in the right direction. Framing is underway at Lincoln Square at Broad & Washington, and this project will eventually create a few hundred apartments and over 100K sqft of retail. Way to the west, at 2501 Washington Ave., there are plans for a mix of homes and apartments, and construction recently started up again after a lull. In between those projects though, at 2300 Washington Ave., is one of our least favorite projects in the city. We're referring, of course, to the Extra Space Storage Facility, which is now getting close to completion. Check it out, in all its crapitude.
The Brewerytown Garden, located at the corner of 27th & Master, is one of the more successful community garden spaces we can think of, offhand. The garden was initially established like half a dozen years ago as Marathon Garden, a farm to table operation associated with Marathon Grill. By 2015, Marathon was out and the community stepped in and rechristened the space for the neighborhood. The garden is about half an acre in size, contains 75 individual plots, and has electricity, running water, composting bins, and a community gathering space. The improving Girard Avenue corridor makes Brewerytown a more livable neighborhood, but this garden helps maintain the feeling of community in the area.
It's our job to ramble about the city, seeking out new and (sometimes) exciting development situations. Over the course of these ramblings, we not only find all sorts of projects, but we also regularly stumble upon unexpected features of the Philadelphia cityscape. For example, we were taking a walk through Queen Village over the holiday weekend and noticed the entrance to the little 700 block of S. Reese Street on the north side of the 500 block of Catharine Street. It caught our attention because the street surface looked porous, like the 800 block of Percy Street, which we covered last week.
Looking up Reese Street
Intrigued, we decided to take a walk up the street. And we quickly realized that there was a new home under construction on the block.
We were grabbing a coffee in Old City the other day, and something unexpected caught our eye on the 200 block of Market Street. It was a beer garden! 240 Market St. has been sitting vacant since the auction house that previously stood there burned down in 1987. According to a City Paper (pour one out) story from 2013, the property is owned by Victor Gordon, who also owns a shop on 3rd Street that sells various African statues and other carvings. Gordon has had some kind of a beef with the City over the years, and the article claims that he left his Market Street lot vacant and overgrown more or less out of spite for the City. Not for nothing, it looked pretty awful.
There's a vacant lot at 318 N. 42nd St. where developers are looking to build something new. Ho hum, more student housing for this block, which saw three new homes go up a few years ago and is a stone's throw away from dozens of relatively fresh projects. So why do we bother bringing this little property to your attention?
Looking up 42nd Street
A peek at the zoning application is the first indication that there's something unusual afoot. The application calls for two buildings- a single family home and a rear building with 6 apartments and 6 parking spots. Looking at the parcel from the street, this doesn't seem so possible. Looking at it from above, all is explained.
Yeah, that's them. The properties at 2122 and 2126 N. 2nd St. are zoned for commercial use, but the zoning notices indicate plans to build a pair of duplexes on either side of the home pictured above. That home is also getting renovated, fyi. A couple years ago, all three properties were listed for sale for $150K but no buyer came forward. Public record doesn't show it yet, but we'd wager that a developer has bought the properties and is now looking to build. We have to imagine that, assuming the ZBA approves the project and the duplexes get built, all five units will be offered as rentals. We're not feeling condo sales over here, you know?
A few days ago, we told you about plans to demolish a long vacant warehouse at the corner of 10th & Mount Vernon, and to build a row of five duplexes in its place. To the east and the west of that project are homes that are part of Spring Arts Point, a development that's been slowly growing in the neighborhood since before the great recession. When Spring Arts Point is finished, it will have added over four dozen units to this area. As we told you the other day, the ten home phase on Mount Vernon Street sold out and at prices exceeding $500K per unit.
Project site plan
You can see, there's one section of the project that isn't centered around the intersection of 10th & Mount Vernon, and that's a six home offshoot on the northwest corner of 11th & Wallace. That parcel has been sitting vacant for many years, with a sign advertising the upcoming development. The sign is now gone, as the homes are under construction.