August 22, 2011
Cheap Philadelphia Foreclosures Through Mt. Airy Program A collaboration of Mt. Airy USA and the City of Philadelphia Redevelopment Authority is offering a federal housing stabilization program through which prospective buyers in Mt. Airy can purchase foreclosed properties at reduced prices. The Neighborhood Stabilization Program (NSP) redevelops foreclosed or abandoned homes and sells them, at reduced rates, to buyers who also […]
August 19, 2011
Venice Island Renovations In Manayunk To Begin The $46-million overhaul of the Venice Island Recreation Center in Manayunk site gets underway next week. The renovations will be a three-phase project that over the next two years will result in the removal of the current recreation center, playground, and swimming pool in order to install 1) “The Big Tank” — a […]
August 19, 2011
Philadelphia Real Estate And Beyond August 19, 2011 Homewood Suites Coming to 41st and Walnut in University City Neighborhood – Campus Apartments in conjunction with the University of Pennsylvania is construction a Homewood Suites hotel near the intersection of 41st and Walnut. Homewood falls under the Hilton Brand and this location is slated to have 136 suites with separate bedrooms […]
August 18, 2011
Philadelphia Real Estate and Beyond August 18, 2011 City Planning Commission Impressed With Central Delaware Waterfront Plan – Delaware River Waterfront Corporation President Tom Corcoran gave the commission a presentation describing the several new public parks every half-mile, mixed use residential development, and the new/improved connections between the river and the adjacent neighborhoods. The plan focuses first on areas where […]
August 18, 2011
Multifamily Housing Vacancy Rates At 5 Year Low The Commerce Department said Tuesday housing starts slipped 1.5 percent in July to a seasonally adjusted annual rate of 604,000 units. But starts on multifamily housing, often used for rentals, rose 7.8 percent to 179,000 units. The rise in multifamily units reflects an underlying trend in which rentals are increasing while the […]
August 18, 2011
Philadelphia Home Sellers Forgoing For Sale Signs? Philly.com published an article that said, real estate agents had noticed a trend of home sellers opting to NOT put a for sale sign in front of their property. Agents from cities throughout the country are quoted in the article as having seen the same phenomenon. The reasons home sellers are forgoing for […]
August 18, 2011
Owner of Melrose Diner Purchases Broad Street Diner Philly.com reports that the owner of the Melrose Diner, Michael Petrogiannis, recently purchased and started improvements on the long closed Broad Street Diner. The diner, which has been closed for years, garnered city wide attention two years ago when Stephen Starr became interested in the property. Starr put the property under contract for […]
August 17, 2011
Bon Appetit Lists Talula’s Garden Among Best New Restaurants Bon Appetit recently compiled a list of the the best new restaurants in America for 2011. Listed at #6 was our very own Talula’s Garden located adjacent to the Ayer Condominium in Philadelphia neighborhood Washington Square. Talula’s Garden is the joint venture by Amee Oxley and Stephen Starr and offers “seasonal […]
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. […]