Okay, we admit it, we're on a bit of an obscure block kick lately. Last week, we covered a proposed project at 1225 Annin St. on a block that's certainly not one of South Philly's most traveled. Today we make a return to the 2500 block of Montrose Street, which we last visited a little over a year ago. This block can only be accessed via Grays Ferry Avenue and then it dead ends at 26th Street, with wonderful views of what we believe to be transformers.
Sorry, let's try that again.
We've actually had running coverage of this block over the years. Way back in 2011, Metro Impact came forward with big plans for something called Montrose Court, with eight homes on the north side of the street and three homes on the south side. In preparation for this project, the developer demolished several structures on the block. It looked like a no-brainer to us, so it was surprising when it didn't move forward.
Last year, we told you that the project would likely not be proceeding as originally conceived. Metro Impact had listed the northern parcels for sale, each for $355K, with plans and by-right approvals to build double-wide quadplexes. We had no idea what was happening with the southern lots. But today the opposite holds true. We can see that the southern lots are, in fact, getting redeveloped, with three homes under construction. And now we don't know the status of the northern lots. It's worth mentioning that Metro still owns all of the properties, according to public record.
So yeah there's still some uncertaintly but it's still great to see that some of these lots, vacant for the last couple of years, are at last turning into homes. As for the lots on the north side, we have to imagine that they'll get built after the homes on the south side are finished. Will they be homes? Condos? Rentals? We'll have to wait and see. But our bet's on condos.