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Category Archives: News

South Bowl Opens in South Philly

south bowl

Photo from South Bowl’s Facebook page.

This week was the soft opening of a new bowling alley in South Philadelphia.  South Bowl located at 19 E. Oregon Avenue is a branch of the Northern Liberties North Bowl location.  The former Thomas Colace cold-storage warehouse has been transformed into a 26 lane modernized bowling alley with a full bar and kitchen.   Basically, the exact concept of the Northern Liberties location except larger.  Other features include an upstairs area for private parties with 6 lanes, billiard tables and video games. The second floor also features a balcony overlooking the main floor and a roof deck.

Currently, the hours are Monday through Sunday from 4 p.m. to 2 a.m.

 

 

 

Possible Pop-up Garden Coming to Italian Market vacant lots

italian market

The Passyunk Post reported that the Pennsylvania Horticultural Society is interested in opening a pop-up garden in one of two vacant lots in South Philadelphia this summer. Both lots are located in the Italian Market neighborhood on 9th and Wharton Streets and 9th and Washington Avenue.  The foot traffic from Geno’s and Pat’s Steaks as well as the Italian Market could potentially drive a large amount of business.

The plan was presented last week at the Passyunk Square Civic Association meeting. Some neighbors voiced concerns over an excess of trash that could be produced due to the gardens.

The Pennsylvania Horticultural Society opened a garden on 1438 South Street last summer and hopes to open another in South Philly by Memorial Day Weekend.

Plans for 2 Boutique Hotels on Former Peco Plant

cescaphe

Photo courtesy of Exelon Corp.

 

Last week, Philly.com reported that developer Bart Blatstein has partnered with Cescaphe Event Group owner, Joseph Volpe in the purchase of the former Peco power plant located on the Delaware River Waterfront in Fishtown.

The property consists of several vacant buildings that total in 300,000 square feet of space.  The plans include to construct two boutique hotels each including its own ballroom with 55 foot high ceilings.  Volpe and Blatstein have previously worked together on development projects that include the renovation of the former Imperial Theater in Northern Liberties, which is now the Cescaphe Ballroom. This is one of five venues under the Cescaphe Event Group.  Volpe’s event group hosts over 600 wedding receptions a year in its five venues throughout the city.

Blatstein and Volpe have always enjoyed tackling projects that involve rehabilitation and revitalization of old neighborhoods throughout Philadelphia.

Philly.com reported that an Exelon representative confirmed five serious bidders on the property. Blatstein and Volpe are hoping to finalize and close the deal in March.

Sunday Open Houses: Society Hill

Check out this Sunday’s open houses in the beautiful and historic Society Hill neighborhood of Philadelphia!

society hill open houses

Society Hill real estate is home to beautifully renovated homes that exist in harmony with luxury high-rise buildings. In the heart of Philadelphia history, Society Hill residents experience living on a street or cobblestone alley where Thomas Jefferson and Ben Franklin strolled. Antique stores, specialty shops and craft fairs under the historic market shed at the old Headhouse are never in short supply. Live in close proximity to access independent and art house films latest releases at the Ritz Theater. Enjoy legendary Philadelphia seafood and colonial fare and invite friends to stay at cozy bed and breakfasts in the neighborhood. The always scenic Penn’s Landing is only a stone’s throw away and is a great spot to jog, ice skate, bike ride and watch the fireworks every New Year’s Eve and Fourth of July.

If you are interested in purchasing or selling, please contact our team today!

324 S. 3rd Street
$899,000
3 bedrooms/2.1 baths
1:30-2:30pm
 
245 S. 7th Street
$825,000
3 bedrooms/3 baths
1:30-2:30pm
 
1 Willings Alley Mews 
$399,000
2 bedrooms/2 baths
1-3pm
 
216 Gaskill Street
$1,189,900
4 bedrooms/3.1 baths
12-1pm
 
508 S. 3rd Street
$470,000
2 bedrooms/1.1 baths
12-1pm

Perks of Purchasing a Home at Year’s End

Snow-Globe

Realtor.com released a list of incentives that come along with purchasing a home at the end of the year. Although it is not the busy season and the market may be sparse, buyers may get lucky and find the home of their dreams in the winter months.  Also as the holiday season approaches, typically sellers become more motivated to negotiate and sell before the new year.

According to the Realtor.com article, October and November are great months for house shopping. These months also may give buyers enough time to put a home under contract and settle before Christmas and the New Year.  This time frame also depends on the terms agreed upon in the contract.

Here are the awesome benefits to purchasing a home at the end of the year courtesy of Realtor.com.

1. Tax Savings

Buyers can save costs in mortgage interest, property taxes and loan points by settling before December 31st.  These savings are significant and definitely add up in terms of paying off interest with a new loan.

2. Motivated Sellers

By the time the holiday season rolls around, many sellers may be more inclined to sell their home before the close of the year for tax saving purposes.

3. New Construction Incentives

If you are purchasing a new construction home, builders may throw in extras and upgrades to encourage closing before the new year.

4. Moving Company Availability

In the spring and summer months, moving companies are booked for weeks and sometimes months in advance.  By purchasing a home outside of the busy season, it will be easier to find movers with more openings and flexible schedules.

5. Investing in Ownership

Homeowners pay every month towards a substantial investment.  Whereas renters do not see a return on the rental payments they are doling out each month.

6. Consistency

Buyers who lock a fixed-rate loan will enjoy the convenience of a consistent monthly payment.  Unlike the majority of renters, who have yearly rent payment increases.

7. Renovations

Owning a home gives people the freedom to renovate and add their own personal design and style to the house without seeking permission.  Most renters are faced with a lack of flexibility when it comes to renovations. Everything must be approved by the landlord first.

 

 

 

 

 

 

Sunday Open Houses: Rittenhouse & Fitler Square

Check out this Sunday’s Open Houses in the Fitler Square and Rittenhouse Square neighborhoods of Center City Philadelphia.

Featured Open House: 2311 Naudain Street, Philadelphia, PA 19146
$525,000
2 bedrooms/2 bathrooms
Interior SqFt: 1,767
Open House: 1:30-2:30pm

Charming Fitler Square 3-story home with unique architectural characteristics that include exposed brick, built-in shelving, floor to ceiling windows, ample storage space, hardwood floors, carpeting and tile. The first floor features a full bath, built-in desk with shelving and Murphy bed, nicely sized coat closet, fireplace and sliding glass doors to the outdoor tree-lined patio area providing shad and privacy . The second floor area includes the kitchen, living room and dining room areas with a working fireplace and sliding glass doors to the outdoor deck. The 3rd floor features the master bedroom with floor to ceiling windows bringing in natural sunlight, plenty of closet space. Also, a spacious full bath with two sinks, marble countertop, large bathtub with marble surround, marble tile floor, large skylight with a separate room for large shower, toilet and a tall built-in towel rack.

sunday open houses IMG_6018 IMG_6034
1425 Locust Street 2F
$435,000
1 bed/1 bath
12-2pm
 
1500 Chestnut St 19F
$400,000
2 bed/2 baths
2-3pm
 
325 S Hicks St
$479,000
3 beds/2.1 baths
12-2pm
 
111 S 15th Street 2108
$299,000
1 bed/1 bath
1-3pm
 
1737 Chestnut St 500
$829,000
2 beds/2 baths
12-1:30pm
 
2101 Market St 3104 
$565,000
1 bed/1 bath
12-1pm
 
1724 Spruce St 3
$565,000
2 beds/2 baths
12-1:30pm
 
2206 Rittenhouse Sq 
$885,000
3 beds/2.1 baths
12-1pm
 
1600-18 Arch St 1218
$644,900
2 beds/2 baths
12-1:30pm
 
1707 Pine Street
$854,000
2 beds/2.1 baths
12-2pm
 
207 S 24th St 2F
$449,000
2 beds/1 bath
1:30-2:30pm
 
1615 Spruce St 100
$1,490,000
3 beds/2.1 baths
2-3:30pm
 
2044 Locust St
$999,990
7 beds/2.2 baths
1:30-2:30pm
 
1730 Pine St 4
$310,000
1 bed/1 bath
3-4pm
 
1700 Rodman St
$799,900
4 beds/2.1 baths
12-1pm
 
2324 Lombard St 
$500,000
2 beds/1 bath
12-1pm
 
1814 Addison St
$569,000
3 beds/2 baths
1:30-2:30pm
 
510 S 20th Street 
$750,000
3 beds/2.1 baths
1:30-3:30pm
 
2127 Tryon Street
$535,000
3 beds/2 baths
1:30-2:30pm
 
1640 Waverly Street
$479,000
2 beds/2 baths
12:30-2pm
 
1902 Waverly Street
$425,000
2 beds/2.1 baths
2-4pm
 
1644 Waverly Street
$334,900
2 beds/2 baths
1:30-2:30pm
 
2117 Rodman Street
$485,000
3 beds/2 baths
12-1:30pm
 
2017 Naudain St A
$295,000
2 beds/1 bath
12-2pm
 
1631 Waverly St 
$425,000
2 beds/1.1 baths
1:30-4pm
 
 

Sellers: Home Inspection Preparation Tips

RISMedia published a helpful list of home inspection preparation tips for sellers.

Before listing your home, it is important that all repairs are taken care of prior to the home inspection.  As a seller, avoiding any possible delays or roadblocks in the process to settlement is essential. Here is a breakdown of how to avoid home inspection nightmares!

1. The De-clutter Process: Clutter is not only displeasing to potential buyers but home inspectors as well.  Make their job easier by clearing the house of any junk or debris that can potentially get in the inspector’s way.

2. The Attic: If your home contains an attic, the home inspector is going to need access to it during inspection.  Typically, most homeowners utilize the attic as extra storage space.  You don’t need to completely clear out the attic but make sure it is easily accessible and free from dust and cobwebs.

3. Utilities: A home inspection cannot be complete without utilities turned on.  Gas, water and electric must be turned on in order for the inspection to take place.

4. Be aware of your pets: A home inspection is almost always scheduled at least a day in advance, which gives the sellers time to make accommodations for pets.  RISMedia suggests confining your pet to one room on the day of inspection.  Also, if your pet is not friendly with strangers then going out for a walk is an ideal alternative.

5.  Let the home inspector get the job done: On the day of inspection, it is suggested for homeowners to leave during the appointment.  This is a prefer among a large majority of home inspectors.  This allows for the inspector to finish the job without any interruptions or interference.

Philly Development Requests $341M State Funding

philly development

Recently, development throughout the city has been increasingly booming from new construction homes to commercial skyscrapers.  Curbed Philly reported that Philadelphia area developers have requested $341 Million in state funding through the Redevelopment Assistance Capital Program. (Recently reported by the Philadelphia Business Journal).

There are currently 78 development projects occurring throughout the city. Ten projects have received funding so far including Liberty Property Trust who is constructing the Comcast Innovation and Technology Center.  This project is estimated to cost over $1.6 billion and has received about $10 million from the state thus far.

Projects must provide an adequate amount of information including economic activity the project will contribute to the surrounding community.

Philadelphia County is requesting more funds from the Commonwealth of Pennsylvania than any other county due to its increased amount of development projects.

Other Philadelphia projects receiving state funds includes Urban Outfitters Navy Yard expansion, Dietz and Watson and the East Market Street project.

Dilworth Park: October Fest and Ice Rink Opening Soon

dilworth park

Photo courtesy of Center City District Parks.

Center City’s newest feature, Dilworth Park, is hosting an October Fest beginning this Saturday, October 18th at noon. The all ages event will feature food vendors, interactive art, face painting, live music and other fun activities.  The Philadelphia Mural Arts Program will also provide pumpkin painting, print making on mural cloth and other art activities for kids.

For the 21 and over crowd, a beer garden will be hosted by Rosa Blanca Cafe along the JFK Boulevard side of the Park.  According to the Center City Districts website, Rosa Blanca Cafe is Cuban-inspired and typically serves pastries, breakfast and lunch specialties with indoor and outdoor seating.

The October Fest at Dilworth Park is presented by Saul Ewing LLC.

Saturday’s October Fest activities will come to a close at 6 p.m. but the fun will continue for a second round on October 25th at noon.

In other Dilworth Park news, Philly.com reported the ice skating rink at the Park is expected to open before Thanksgiving on November 14th! It will remain open through February 22nd.  The Rothman Institute Ice Rink will temporarily cover the fountain for the winter months. The planned size of the rink is 120 feet by 60 feet.  The Center City District described the rink as being similar to the rink at Rockefeller Center in New York City.

During the winter months, other park amenities such as outdoor seating and free wifi will remain the same.

Rothman Institute Ice Rink will be open seven days a week and operate on the following schedule:
Monday to Thurday 3 p.m. to 9 p.m., Friday, 3 p.m. to 11 p.m., Saturday 11 a.m. to 11 a.m. and Sunday 11 a.m. to 8 p.m.

Dilworth Park began construction and renovation in 2012 and reopened with its new look this past September. Located on the west side of City Hall, Dilworth Park is a great addition to attractions in Philadelphia.

 

Former AC restaurant coming to Passyunk Avenue

passyunk avenue

Photo courtesy of Friday Architects/Planners, Inc.

Palladino’s Steakhouse, formerly located at Harrah’s Casino and Resort in Atlantic City, has relocated to its new home on Passyunk Avenue in Philadelphia.

Located at 1934 E. Passyunk Ave., right off of the intersection at Broad Street and Passyunk Avenue, Palladino’s is expected to open at some point in November.  According to the restaurant’s website, Chef Luke Palladino will bring his top-notch Italian cuisine featuring lunch, dinner and late-night bar items with indoor and outdoor seating.

The website also notes that convenient parking will be available but does not specify as to where.  The Passyunk Square area is typically busy with traffic and parking is usually difficult. If a close-by parking lot is available for Palladino’s diners that would definitely be a plus!

Luke Palladino owns two other restaurants in New Jersey.  The Passyunk Post reported that the steakhouse will feature 80 seats with specialized cocktail and wine lists as well as 40 outdoor seats.

In other restaurant news, The Insider reported Brigantessa will also soon join the Passyunk Avenue restaurant district featuring its Southern Italian cuisine. The owners of Le Virtu, located at 1927 E. Passyunk Avenue, will open Brigantessa at 1520 E. Passyunk Ave, the former location of Karina’s.  Over the past few months, the building was completely rehabbed for the new bar-restaurant’s opening.  Brigantessa is expected to open within the next few days.