For many years, you could find an L-shaped surface parking lot at 512-14 S. Front St., just around the corner from South Street's hullabaloo. Back in the winter of 2013, we attended a QVNA meeting where developers presented plans to redevelop the lot, and the community group offered their support. Checking back in on the site a year and a half later, we discovered a project that's all finished.
As we told you previously, two buildings on Front Street contain six condo units, and an additional four units can be found in a building on Naudain Street. All but one of the units have sold, with a three bedroom unit on Front Street still available for $679,500. Architecturally, we appreciate that the buildings on Front Street and the Naudain Street structure look decidedly different from each other. Not that this is so groundbreaking, but it's nice to see a little variety in the same project.
Perhaps trying to take advantage of the interest in the corner, the owner of the huge property on the corner of Front & Naudain has listed it for sale. At a curiously specific price of $956,897, we don't think they'll find any takers, even with a giant lot size of 24'x100'. The listing describes the property as being set up as a quadplex, and the lack of interior photos and the overgrown state of the facade give us the impression that it ain't in great shape. On the other hand, with a small investment of a mere few hundred thou to fix the place up, it could be a palace. We'll just have to wait and see whether anyone takes that plunge.
Disclosure: The developer and realtor for this project is affiliated with OCF Realty, Naked Philly's parent company.