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Callowhill Loft District

Callowhill Loft District

There are currently 86 blog entries related to this category.

Pope FrancisNot only Catholics are wild about Pope Francis, whose humility and openness have won him fans well beyond the Church. Some of those fans are expected to be part of the Francis Festival weekend in Philadelphia. Not only they, but you too, will have an easier time getting around that weekend thanks to changes in SEPTA service in the city.

We mustn't forget that while official Philadelphia may be taking a long weekend when Pope Francis pays us a visit on Sept. 26-27, lots of private businesses will be #OpenInPHL to accommodate visitors to the World Meeting of Families and serve the needs of those of us who are sticking around that weekend.

Last week, SEPTA made a major change to its service plans for the weekend that will make it easier for the people

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1900 Arch under constructionNew multifamily rental projects accounted for 68 percent of all new housing construction in Greater Center City last year, and 97 percent of all new construction in the city core. Two projects, 1900 Arch (shown here under construction last spring) and Icon, accounted for the bulk of that 97 percent.

A continuing influx of residents, the bulk of them Millennials, has continued to fuel a housing construction boom in Center City and the areas to its immediate north and south, according to the Center City District's latest analysis of the state of the Center City housing market. And while this influx shows no signs of ebbing soon, there are a few issues the city needs to address if the housing market in Center City and the city as a whole is to remain

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The man who plans to buy the shuttered Revel casino in Atlantic City says he's willing to hold his breath for a little while longer; former Sixers coach Larry Brown takes a $1.63 million bath on Linden Hall in Bryn Mawr (hmmmm...let's see, there are nine of 'em in the house, so that's a loss of $181,111 per bath); global architectural giant HOK, once—and once again—known for its expertise in designing sports facilities, establishes a beachhead in Philadelphia with an aim on expanding down the road; and while we still prefer "Callowhill" over the agent-speak moniker "Loft District," there are those who are determined to turn the whole place into the "Eraserhood," complete with guides to places to go like this one:

Potential buyer willing to extend

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East Market's developer talks about that project, some others it's currently building, and why it would like to build something closer to its Washington home; NPR's "Code Switch" team takes a look at Drexel's efforts to rewrite the town-gown conflict story with a different ending in Mantua; in turning an abandoned Callowhill Loft District warehouse into the spiffy Goldtex apartments, Post Brothers didn't forget the building's past; and cheap rents in Fishtown and East Kensington have turned the area into a startup-band Nirvana:

Why National Real Estate Development Wants to Build in DC Now (GlobeSt.com)
University Re-Imagines Town and Gown Relationship in Philadelphia (NPR) 
Streets Dept Says: Eraserhood's Goldtex Apartments Leaves Graffiti Exposed

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Rising prices cause one local market observer to worry that a commercial real estate bubble might be in the making; you knew Bart Blatstein had to have a Plan B in mind for the former Inquirer building, didn't you? He's dropping his suit so he can go to work on one of them, and he will let us know which one it is when he's ready; Gov. Chris Christie is telling anyone who will listen about how the state government has brought Camden back from the dead. In Camden, however, a lot of people aren't buying the story; and once upon a time, world-famous Stetson hats issued forth by the thousands from a 25-building factory complex in Old Kensington that included its own hospital. Today, that hospital is the last building standing on the site:

Real estate

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A report reveals that the City of Philadelphia succeeds at keeping its spending close to home; from the Friends of the Rail Park comes word of progress on Phase One; it appears that incoming Gov. Tom Wolf will face the same education-funding headache the last Democrat to occupy the Governor's Mansion did; and a widely watched national index shows home price gains slowed in October:

City spent 70% of $5.8B expenditure at local businesses, says report (Philadelphia Business Journal)
Development Watch: The Rail Park Clears Hurdles, Moves Right Along (Curbed Philly)
Report: Education Spending Gap "Exploded" Under Corbett's Tenure (PoliticsPA) 
Home prices still rising, but more slowly (Associated Press via Philly.com)
 

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As the city pushes the two losing Center City bidders to Do Something with their would-be casino lots, one of them tells the Business Journal he will figure out something sooner or later; The seller's market of the first half of this year has done a 180 almost overnight; and a co-op grocery store proves to be the spark that lit the revitalization flame in Elkins Park:

Casino also-rans leave big question marks in city's landscape (The Philadelphia Inquirer|Philly.com)
Bart Blatstein reacts to casino decision and talks future of N. Broad Street (Philadelphia Business Journal)
On the House: Back to a buyer's market, with an oversupply of homes (The Philadelphia Inquirer|Philly.com) 
From 'tumbleweeds' to vibrant business district: How a co-op revitalized

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One of the last surviving connections to Thomas Holme's Holmesburg is about to disappear, to the deep dismay of Holme Circle residents; the proposed community center and apartment tower at the gateway to Chinatown North, which we first described in May of 2012, moves one state grant closer to becoming reality; investors aren't beating up on Brandywine Realty Trust they way they pummeled Liberty Property Trust because most of its properties are doing very well. But...; and will a proposed zoning overlay for Mayfair's business district save it — or will it kill it?

Saying Goodbye to Stokes House (Hidden City Daily)
State announces grant to help build high-rise near Chinatown (Philadelphia Daily News|Philly.com)
Progress Report: Brandywine Realty Trust

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We all know the sad stories of renters forced out of gentrifying neighborhoods by rising rents. But what about the people who live in places where rent is cheap because the housing stock is in sad shape - and still can't afford a place to live?; Inga Saffron looks at Philly's new "inclusionary housing" incentives and wonders whether they really help who they're intended to help; Bart Blatstein's AC buy hasn't cooled his ardor for The Provence - and he's getting tired of waiting for the verdict on that second casino license; and commercial real estate investors who have traditionally passed Philly over in favor of New York and Washington are giving the city's office buildings a second look:

The Housing Crisis We Don't Talk About (Next City)
Changing

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Philadelphia City Planning Commission planner Marty Gregorski walks the commission through proposed zoning changes for the Center City Overlay at Tuesday's PCPC meeting.

By Gabriel Gottlieb

The Philadelphia City Planning Commission (PCPC) is considering whether to approve new regulations for development in the Center City Overlay District that would allow for taller and denser construction without requiring a zoning variance from the Zoning Board of Adjustment. The new rules, contained in a bill introduced by Councilman Mark Squilla (D-1st District), would apply to residential and commercial construction in an overlay zone extending from Poplar Street to Washington Avenue between the Schuylkill and Delaware rivers. The commission heard testimony

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