Construction Update: Taney & Brown Progressing Nicely

We don’t find ourselves reporting on too many projects in Fairmount, mostly because there aren’t all that many projects to cover. A mature neighborhood, Fairmount has its share of rehabs and the occasional one-off project, but there haven’t been many projects sizable enough for us to cover over the years. In fact, this is our first Fairmount post of 2017 and we’re more than a third of the way through the year. So let’s get on with it, shall we?

We first brought the northeast corner of Taney & Brown to your attention back in 2012, pointing out a seemingly vacant building on the corner, some rough looking garages around the back, and a blighted and vacant building next door on Taney Street. We told you that the same party owned all of these buildings and that they owed back taxes, and we were hopeful that they would eventually sell to developers.

A few years ago

In 2015, the owners demolished all the buildings on their property and at some point they posted a small sign advertising that the property was available for sale.

Post demolition, pre construction

By the end of that year, developers had purchased the property and began planning a new residential development of seven homes with parking. The plan calls for six homes fronting Taney Street and one home and drive-aisle access on Brown Street. We first showed you this project, designed by JKRP Architects, a little over a year ago, just before the project came before the community.

Project rendering

The project was approved by the ZBA and construction got started last fall. The homes have been progressing nicely, with facades mostly complete on Taney Street and coming along on Brown Street. Check out those bays.

Home on Brown Street
Looking up Taney
Looking South on Taney

The project website indicates that each home will have 3 bedrooms, 4 bathrooms, and 1-car parking, and list prices start at $975K. That may seem like an ambitious price, but given the lack of new construction in this neighborhood and the fact that many people want to live here, it’s wholly appropriate. Though the homes aren’t formally listed for sale as of yet, one is already under agreement. How do we know this? A little birdie told us.

Look for the project to wrap up sometime this fall.

Disclosure: OCF Realty, parent company of Naked Philly, is the broker for this project.