August 17, 2011
Philadelphia Home Prices To Increase In 2012? An interesting blog post published by NuWire Investor notes that some market experts are predicting that the slowly strengthening housing market, marked by fewer mortgage delinquencies and foreclosures, may get a boost from consumers who see value in home ownership as compared to other investments. Here are some bullet points of interest: The U.S. […]
August 17, 2011
Philadelphia Real Estate and Beyond August 17th, 2011 MilkBoy Coffeee Opens Center City Location – MilkBoy Coffee has opened in Center City Philadelphia at the 11th and Chestnut location. The Philadelphia Main-Line based MilkBoy Studios and coffee shops has two previous locations in Ardmore and Bryn Mawr. This particular location is the first to have a liquor license and an […]
August 16, 2011
Perriers and Starr Open New Center City Philadelphia Restaurants Two prominent Philadelphia restaurateurs will open a new Center City restaurant in the coming weeks. As I blogged about previously, Stephen Starr, Philadelphia restaurateur extraordinaire will open an Italian restaurant, Il Pittore, at 2025 Sansom St., in late September/October. This project will be a collaboration with Chef Chris Painter, Starr Restaurant’s director of menu development. Also […]
August 16, 2011
Warren Buffett Asserts Super Rich Don’t Pay Enough Taxes Recently, Warren Buffett wrote a New York Times op-ed article that asserts that the super-rich do not pay enough taxes. His feeling is that any new budget deal should raise rates on the super-rich, especially on their “unearned” income from interest, dividends and capital gains. Here is the complete text of […]
August 15, 2011
Philadelphia Delinquent Tax Epidemic After years of bad governance and absolutely pathetic collection efforts (play with the map – someone owes over 6 million in back taxes to the City of Philadelphia) the property tax delinquency has become an epidemic of ridiculous proportions. Currently approximately 111,000 tax delinquent accounts exist in the city, which accounts for one out of every five properties. […]
August 15, 2011
Historical Commission OK’s New Old City Building At a recent meeting of the Historical Commission, the firm of HarmanDeutsch gained final approval for its design of a proposed Old City building at intersection of 3rd and Chestnut. HarmanDeutsch had appeared two times previously before the Commission’s Architecture Committee and been denied approval. The five-story project falls under the jurisdiction of the Historical Commission because the previous […]
August 15, 2011
Obama Administration Seeks Ideas To Reduce Foreclosure Inventory It reads like a personal ad in the Onion: Overwhelmed, formerly ultra popular 50 -something desperately seeking ideas, from anywhere, that will reduce inventory of foreclosed properties held by Fanny and Freddie. That’s right, The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by Fannie Mae […]
August 15, 2011
Philadelphia Devising Plan To Convert Reading Viaduct Into Elevated Park Philadelphia is still continuing working on a plan to transform the Reading Viaduct, an antiquated and abandoned elevated train track into a new Philadelphia park with amazing views of the Loft District Neighborhood and the Center City Skyline. According to Wikipedia, The Reading Viaduct is the common name for an abandoned railroad […]
August 15, 2011
New Stephen Starr Restaurant In Rittenhouse Square Stephen Starr is opening an upscale, modern-Italian restaurant called Il Pittore at 2025 Sansom St., which was formerly Noble American Cookery. The Rittenhouse Square will be Stephen Starr’s 19th Philadelphia restaurant and his 25th overall. The head chef, Chris Painter, a Pottsville native, and vet of French Laundry and L’Espinasse, is a partner in this venture. Painter […]