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Archive for “New Construction” news
According to City Controller Alan Butkovitz, 343,191 properties will experience tax increases under the city's proposed Actual Value Initiative (AVI) overhaul, compared to 107,603 which will owe less. Here are the five ZIP codes he estimates will experience the highest average annual tax hikes, assuming (optimistically) a 1.25% tax rate. Listed are the annual amounts average properties in each ZIP would owe.19102: $1,634 (39.8% increase)19148: $819 (78.4% increase)19146: $768 (44.6% increase)19130: $815 (27.3% increase)19103: $946 (17.5% increase)I expect not a few of you loyal readers live in these ZIPs, which comprise Rittenhouse, Fitler, Grad Hospital, parts of South Philly and Fairmount,
A 33-story, $159 million tower is slated to open in University City in fall of 2014. The dorm (yeah, I guess that's what it is) will house Penn and Drexel students, and is part of the area's Cira Centre South mixed-used development. The effort is a collaboration between Campus Crest Communities, Harrison Street Real Estate Captital, and Brandywine Real Estate Trust, which is spearheading the Cira Centre project. [Wall Street Journal]
Just last week, Mayor Nutter created a 25-person task force for the purpose of finding ways to bring manufacturers (back) to the Philadelphia region. I’m sure that the idea came from his recent trip to Tianjin, China, where he enviously observed the impact that government investment can have on a major industrial city. "Seeing what goes on here is a reminder of the things we can do and must do to maintain our presence on the world stage," Nutter said. It also underscores "what our federal government can do if we would have, at times, a little less debate and a whole lot more work and understand that investment brings job and activity and furthers American interests."
Last Sunday, I attended a party to benefit Toys for Tots hosted by Vittoria and Ken Schultz at their gorgeous Chestnut Hill home High Hollow. High Hollow was designed by George Howe, who also did the iconic PSFS building. The Schultzes are in the middle of a major renovation of the 13,000-square-foot estate once occupied by Sam and Goldie Paley—while also working on their Center City boutique hotel "The Dwight D," located in the old Giovanni & Pileggi building at 256 South 16th Street.
Philadelphia's Landlord Tenant Court is typically a woefully boring place. Landlords sue tenants over back rent. Tenants sue landlords over leaky roofs. And so it goes, day in and day out within the dreary confines of the Municipal Court building at 34 South 11th Street. But once in a while, there's a little bit of excitement.
Blatstein Wants a Piece of France on North Broad. Bart Blatstein unveiled his idea for a $700 million casino, resort, and entertainment complex at the former home of the Philadelphia Inquirer and Daily News on North Broad Street. The developer wants to name it "The Provence" and have the casino managed by Hard Rock International. He has until November 15th to submit an official proposal for Philly's second casino license. [Inquirer]Police Inspector Gets Promoted Despite Controversy. An ex cop says that she was sexually assaulted by Inspector Carl W. Holmes Jr. back in 2006. Holmes has numerous other complaints under
Philadelphia’s a dirty city.Unlike some of Philadelphia's other stereotypes it’s quite well earned, and even if we do clean up, it’s not a reputation that's going to be easy to shake. “‘Filthy-dirty’ has been one of Philadelphia’s pseudonyms for almost three centuries—at least,” local historian Bob Alotta writes in Mermaids, Monasteries, Cherokees and Custer: The Stories Behind Philadelphia Street Names. "In fact, Robert Venable, a man with a remarkable memory born in 1736, recalled hearing that descriptive title used in youth.”
Last night, the Philadelphia magazine Design Home 2012 had its official opening party. This year’s home is located in Newtown Square. Below: Marcie Line, Jessica Boerum, Troy Byker and Terry Sullivan all work at Merritt Gallery in Haverford. I told them how wonderful the artwork blended with the different colors and accents of the room. They told me they often work with many different personalities in the building business, and together they always come up with the perfect pairing. Note the expansive "wine cellar" behind them. There's also a zen yoga room on the lower level of the house, with a sauna.
Toll Bros. Plan South Street Townhouses. South Street, east of the Schuylkill, will be bookended by new townhouses, thanks to Toll Bros. The old Grad Hospital parking garage will be turned into 68 townhouses and 59 condos with a 2,400-square-foot retail space nearby. Another set of townhouses is set for Headhouse Square. [Inquirer]Phils Win Again. Look out world, that's five straight for the guys in red pinstripes. Kendrick held the Fins hitless into the sixth. Dom Brown's two-run home run would be all the good guys needed, but Michael Martinez added a third after a double, fielder's