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Category Archives: Philly Real Estate News

Passyunk Square: Corner Clothing Store Property Up for Grabs

passyunk square

A Man’s Image clothing store located on Passyunk Avenue.

Passyunk Square store, A Man’s Image, located at 1709 E. Passyunk Avenue, is relocating and plans to find a new tenant to occupy the 4,400 square ft. space.  This corner property is a prime location and could likely become the next new restaurant or entertainment spot on Passyunk Avenue.

This corner has been the home to A Man’s Image since 1980 but the owner, 74-year-old Abe Mandel, now has plans to hand the business down at a new location.

The intersection of 12th and Passyunk is undergoing a change with adjacent corner property, 1648 E. Passyunk Ave., opening new restaurant Bing Bing Dim Sum.  The Interior Concepts building is no longer on the market but little by little this Passyunk Avenue corner will be completely redeveloped. It is exciting to see how far this area has come and how much the future still holds. As for right now, we will wait and see.

New Construction Condos: 1434-36 Poplar Street

New construction in Fairmount has begun with the development of a 10 unit apartment complex located at 1434-36 Poplar Street.  This project is only blocks away from the North Street Estates new construction project in Fairmount, which will consist of 12 new townhouses with parking.

Expected completion is August 2015.  The units inside of 1434 Poplar Street will be available for rent while the 1436 Poplar Street units will be available for sale. More details to come as the project progresses.  This project contributes to the development growth in the Fairmount neighborhood.  Over the years, Fairmount has become a poplar North Broad Street neighborhood with new housing developments, restaurants and much more.

Check out the progress below!

 

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

This Sunday’s Bella Vista Open Houses

Bella Vista Open Houses

bella vista open houses

Check out the open houses this Sunday in Philadelphia’s Bella Vista neighborhood.

Bella Vista is a traditional South Philadelphia neighborhood with a real modern flare. Many of the homes are 19 th century trinities and modern townhouses. Residents are in walking distance of the dining and shopping options offered by the Italian Market on 9th Street, where you can find fresh mozzarella, exotic spices, rare cuts of meat and (surprise) the best Vietnamese food in the region. Bella Vista also allows you to enjoy the quirky stores and entertaining nightlife on South Street- all within walking distance. From 4th Street to 6th Street, grab a bite to eat at the renowned Famous Fourth Street Deli and shop at fabric shops along 4th Street’s Fabric Row.

Open Houses on Sunday, October 26th in Bella Vista!

705 S. Mildred Street
$325,000
2 bedrooms/2 bathrooms
1-3pm
 
801 South Street E
$525,000
3 bedrooms/2.1 baths
12-1pm
 
819 Bainbridge Street
$469,000
3 bedrooms/2.1 baths
12-1pm
 
811 Fitzwater Street
$575,000
3 bedrooms/2 baths
1:30-2:30pm
 
1011 E Passyunk Avenue
$289,000
2 bedrooms/1 bath
1-2pm
 
744-46 S. 10th Street
$1,750,000
5 bedrooms/3.1 baths
12-1pm
 
1122 Carpenter Street
$539,900
3 bedrooms/3 baths
12-2pm
 
700 S. 10th St 3D
$679,000
2 bedrooms/2 baths
2-3:30pm

3rd and Chestnut: Breaking Ground for New Museum

3rd and Chestnut

Architectural rendering of Museum of the American Revolution. Photo courtesy of http://amrevmuseum.org/

Earlier this week on 3rd and Chestnut Streets in Philadelphia’s Old City neighborhood, a ceremony took place in honor of breaking ground for the Museum of the American Revolution. Opening in 2016, the new Museum set to grace Old City will feature artifacts and interactive exhibits of Revolutionary War history.

At the ceremonial ground breaking yesterday, over 300 people were in attendance along with United States Senator Pat Toomey, United States Senator Bob Casey, Pennsylvania Governor Tom Corbett, the Museum’s Founding Chairman H.F. “Gerry” Lenfest as well as other politicians and local dignitaries.

Exhibit design firm, MFM Design, has constructed the overall concept and design of the Museum.  The interactive exhibits will include real life accounts and personal stories of laborers, farmers and soldiers during that time.

According to the Museum of the American Revolution website, the building will consist of 32,000 square feet of space, which will also include two theaters along with the exhibits.

In April of this year, the design and architectural concepts were approved for the $150 million Museum.

In late 2016, the new Museum will join the other historical treasures of Old City including the Liberty Bell, Betsy Ross House, Independence Hall and many other historic sites.

Over the course of the spring and summer months, construction crews have been working on the early phases of demolition.  Since the intersection of 3rd and Market Streets is busy with both pedestrian and automobile traffic, the construction phases and eventual finished product of the new Museum will not go unnoticed.

 

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.

Washington Square: 314 S.12th St

Check out TWO available apartments we have located in the heart of Washington Square West at 314 S. 12th Street.  Gorgeous, Center City block that is surrounded by tons of restaurants, shops and cafes!

314 S. 12th Street, Unit 1F
1 bedroom/1 bathroom
$1,350/month

1 of 6 beautifully restored units! This unit features a full eat in kitchen, living room and beautiful hardwood floors. Common Laundry in the building. Situated in a perfect, walkable location in Washington Square. Close proximity to restaurants, bars, shops & public transportation.

314 S. 12th Street Unit 3F
2 bedrooms/1 bathroom
$1,650/month

This 2 bedroom, 1 bathroom bi-level apartment is 1 of 6 beautifully restored units! This unit features a full eat in kitchen, living room and hardwood floors and its own private deck!! Common Laundry in the building.

 

Just Listed: 3 Story Fitler Square Townhouse

Center City Listings is happy to represent the sellers of a charming Fitler Square townhouse located on at 2412 Spruce Street. This home is situated on a tree-lined block and boasts of five bedrooms.

List Price: $1,250,000
5 bedrooms/4 full baths/1 half bath
Interior SqFt: 2831
2014 Taxes: $12,951

Find the perfect blend of space and convenience at this charming 3-story townhouse in the heart of Fitler Square. Enter through the foyer area to a spacious and cozy living room with a fire place and original hardwood floors. Large kitchen and dining room with exposed brick, hardwood flooring and lots of windows bringing in natural sunlight. Outdoor, enclosed patio space perfect for entertaining. Nicely-sized deck off of the second floor. Five spacious bedrooms with ample closet space. The full basement is a perfect spot for storage or recreation area equipped with a full bath and steam room. Centrally located on a tree-lined street in walking distance from Schuylkill River Park, Rittenhouse Square, restaurants and shops!

 

Rittenhouse Rental: 2020 Addison St Unit B

Check out our new Rittenhouse rental listing located at 2020 Addison Street, Unit B!

$2,100/month
2 bedrooms/2 baths

Charming 2 bedroom bi-level in Rittenhouse Square complete with hardwood floors, a den and outdoor deck. Spacious bedrooms, natural sunlight and two full bathrooms make this a great place to call home! Tucked away on a quiet tree-lined street and in walking distance from restaurants, cafes, and shopping in Rittenhouse.

Trident Mortgage: Market Update

Check out this week’s market update from Trident Mortgage.

There’s not much change that took place this week in the market or interest rates. The interest rates remain at the lowest levels of the year. We have hung around this low point for about two weeks so we will have to be careful. The moment a reversal takes place the rates could take a quick jump. It is often that rates rise much quicker than they move lower. What we’re seeing now is a great example; it’s taken rates weeks to get to this low point and in the matter of one bad day they could move .125% – .25% higher. All your Trident Mortgage peeps pay for a service to carefully track the activity in the mortgage bond market in order to properly advise your clients on a smart time to lock their rate. We’ll be sure to keep you posted and if you or your clients ever have any questions on the existing trends in the mortgage rate market we’ll be happy to discuss.

Trident Mortgage Rate Sheet 8-24-2014

Jason F. Griesser, CMB  
Sr. Mortgage Consultant
NMLS# 137179
Ph: 215-440-2073 | Fx: 610-650-5611
Jason.Griesser@TridentMortgage.com