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Avenue of the Arts

Avenue of the Arts

There are currently 101 blog entries related to this category.

Southstar Lofts looking for retail tenants

Floor plan for Southstar Lofts commercial space The facade isn't even complete yet, let alone the interior. But just as leasing is already under way for the residential units in Southstar Lofts, Dranoff Properties is now looking for restaurant and retail tenants for the building's ground-floor commercial space. If the past is any guide, anyone considering opening a restaurant would do well to consider the space. Three new restaurants and a reincarnated favorite currently occupy choice space in Dranoff buildings on the Avenue of the Arts. Two of them have won high praise: modern Indian restaurant Tashan at 777 South Broad has garnered wide critical acclaim, and Top Chef Kevin Sbraga's eponymous modern American restaurant, Sbraga, was named one of the "Best…
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Lunchtime Quick Hits

Bart Blatstein walks away from the Marketplace Design Center deal; University City is the new Center City, says the real estate advisor who negotiated FMC's lease at Cira Centre South; you probably heard the news that Pearl Properties cashed in its investment in The Granary. Now we know who the actual buyer is - it's you, if you work for the Commonwealth of Pennsylvania; and finally, you mean to tell us that the reason the Convention Center isn't delivering enough bang for its many bucks is because we don't have enough hotel rooms? Blatstein drops Marketplace Design Center deal (Philadelphia Business Journal) Go west, young man (to University City) (Philadelphia Business Journal) Pa. agency paying $400K each for 227 Philly apartments…
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Southstar Lofts, fully framed, puts its face on

Southstar Lofts We also had a chance late last week to catch up with progress on Southstar Lofts, Carl Dranoff's newest mixed-use project on the Avenue of the Arts at Broad and South streets. When last we checked in on this project, in July, we wrote that progress had been somewhat slow since the March groundbreaking, with steel framing only up as far as the first floor. The project appears to be moving along more smartly now; as of the end of October, framing and subfloors are complete and exterior walls are being applied. The 85-unit, environmentally conscious residential/commercial project now appears on track for completion in the spring of 2014. Meanwhile, the rumor mill is abuzz with talk that Dranoff may be…
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Lunchtime Quick Hits

The good news: the Philly skyline will get a gleaming new exclamation point in the form of a 650-foot-high Cesar Pelli-designed skyscraper at Cira Centre South. The bad news: no net new jobs as a result, for the lead tenant is simply moving across the river from Market Street West; a garden apartment complex in the Northeast changes hands for $13 million; The Inquirer takes stock of the Avenue of the Arts' impact on the city's real estate market on its 20th anniversary; and Mayor Nutter signs off on the plan to raise $61 million for the School District by selling shuttered schools: 650' Tower Set for West Philly, Cira Centre Expansion (Hidden City Daily) Philadelphia Multifamily Trades for $13 Million (Press release via National Real…
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Afternoon Quick Hits

As the Avenue of the Arts turns 20, the Inquirer takes stock of its progress and challenges; City Council received a $100 million offer for 30 shuttered public schools from a Washington real estate investment firm - and passed on the offer. Wait a minute, says Mayor Nutter; Tonight in Point Breeze: a community zoning hearing on a huge residential project; and we'll leave it up to you to decide whether this Rittenhouse Square listing represents wretched excess or not. Marble toilet, anyone? City's cultural mecca set for party, renewal (The Philadelphia Inquirer|Philly.com) $100M offered for shut Philly schools (The Philadelphia Inquirer|Philly.com) Holy Smokes, 50 Homes Planned for 20th and Wharton (Naked Philly) Do You Need A Marble…
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Phabulous Philly Home of the Week: 1337 Kater St.

Living Room We're fans of truth in advertising, but let's face it - most would-be home buyers have a hard time filling spaces under construction with their imaginations. They even have a hard time doing so with completed empty spaces, which is why the home staging business exists. So we're impressed at the faith the builders of this new townhouse development just off the Avenue of the Arts and just inside Hawthorne have placed in the buying public by posting photos of the work in progress to the listing. Finished stairs We've been following the progress of this project since it began, and judging from this listing, the homes now nearing completion are impressive indeed. Kitchen under construction This is a huge new construction townhome, both in square…
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Lunchtime Quick Hits

Carl Dranoff, recently featured in our "Real Estate Profiles" series, appears ready to make his next move on the Avenue of the Arts; your blog editor wrote back in 2005 that Penn's Landing was "where development proposals go to die." The Business Journal asks whether the latest proposal might not join all the others before it; everyone thinks this South Broad Street home is a Frank Furness work, but guess what?; and Hidden City travels to South Philly to find old original bookbinders: Dranoff to develop another South Broad St. project (Philadelphia Business Journal) Will this Waterfront project stall like the rest? (Philadelphia Business Journal) Look Up! A quirky Queen Anne home with a colorful history (Plan Philly) The Real…
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Lunchtime Quick Hits

An update on the Inquirer's Family Feud, with more juicy backstory added - we too wonder what the company's doing running a free website that not only serves up all the content of the papers' paywalled sites, such as this story, but also behaves at times like it's competing with them; in West Philly's Mill Creek section, a new apartment development looks like America; Thanks to its neighbors, Cedar Park's neighborhood diner is back in business after a fire and a botched demolition job next door all but destroyed it; and in case you've found it difficult to keep track of all the game-changing Philly developments we here at the RE Blog and our peers in the development media have been reporting on, Curbed offers a handy map for you to…
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Real Estate Profiles: Carl Dranoff (re)makes it new

  Symphony House As the head of the real estate development firm that bears his name, Carl Dranoff got back into the game of neighborhood transformation by finding discarded gems in neighborhoods nobody thought had a chance and polishing them to a high gloss. All this, however, was a variation on a familiar theme - he had done this before with Historic Landmarks for Living. His career would go off on a new course when the City of Philadelphia issued a request for proposals to develop a site it had assembled in the middle of the Avenue of the Arts, at Broad and Pine streets. Dranoff responded - and his successful proposal launched him into the field of new construction and established him as the leading champion of…
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Get ready to "Howl at the Moon" on 15th Street

Photo Download 2013-09-19 012 What was "Joe's basement" on 15th Street above Spruce, just off the Avenue of the Arts, is almost ready to make its debut as "the dueling piano bar that rocks." Work is rapidly nearing completion on the Philadelphia location of Howl at the Moon, a chain of piano bars where the music tends more towards pop and rock than jazz and standards. But a construction worker we spoke with as we passed the site yesterday and snapped these photos of the work in progress said that Howl would feature all kinds of music. Photo Download 2013-09-19 014 This space had previously been home to Buca di Beppo, a Minneapolis-based chain of Italian restaurants that specialized in kitschy decor and huge portions intended for sharing. Its transformation into…
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