It's Old, It's New, And What A View High Ceilings Grace This Well-located Schuylkill Property.

Posted: December 04, 1998

Locust Point, Center City, Philadelphia Locust Point brings old and new together on the waterfront, providing a residential experience that is nothing like living on the moon. Or so says Jason Reynolds, 27, a student in Wharton's M.B.A. program, who recently returned from a two-year stint in Iceland with the Navy.

``That was a lot like living on the moon. And this is nothing like that,'' Reynolds said.

The high ceilings and 12-foot windows of the former industrial building particularly please Reynolds. ``There's lots of light and a beautiful view of the water,'' he said. ``And I'm close enough to Penn, but still in Center City, in a safe neighborhood.

``A friend had a very good experience here, and I'm having the same good experience,'' Reynolds said.

Management gets high marks from Reynolds. His refrigerator broke when he first moved in, he said, and it was replaced by the next day. ``The manager has been very helpful,'' Reynolds said, ``and the maintenance supervisor is friendly and very helpful with things like picking up packages.''

Locust Point is situated along the banks of the Schuylkill, next to a nine-acre riverfront park. It is within walking distance of 30th Street Station, and is midway between Center City and the University of Pennsylvania. A good example of the early-20th-century industrial buildings of the Schuylkill historic district, the six-story structure, built in 1910 on the site of a marble yard, was formerly the home of the Penn-Lippincott Publishing Co.

In the late 1980s, the property was converted to apartments by Historic Landmarks for Living, and is now home to mostly young, single professionals and graduate students, according to Martha Naimoli, who has been property manager at Locust Point since 1992.

The lobby, with its sunken sitting area, soaring two-story ceiling, ceramic tile floor, walls of glass, and contemporary decor neatly finished in green and salmon, provides a dramatic entrance to the 110 one- and two-bedroom apartments within.

Beyond spacious elevator lobbies boasting huge white structural columns, the halls are notched with entrance recesses for the apartments. Above each hangs a large glass pane etched with the apartment number.

Inside the units, high ceilings, large windows, and sections of exposed brick wall are reminders of the old building. New are exposed spiral duct work; laundry areas with washer and dryer; individual heating and air-conditioning systems, and modern kitchens, equipped with breakfast bar, microwave oven, dishwasher, garbage disposal, and a wine rack atop the frost-free refrigerator/freezer. Many units have long entrance halls with bookcase-type niches in the walls, and sleeping lofts or raised dens with walls that do not go to the ceiling.

One-bedroom and two-bedroom units, some with a den, some with two baths, some with a balcony, and ranging in size from 575 to 980 square feet, rent for $865 to $1,890. Parking in the on-site garage costs $110 a month. Cats and dogs under 30 pounds are welcome, but require a refundable pet deposit of one month's rent, plus a $50-per-month pet fee.

Cathy Gleixner, 27, a University of Pennsylvania law student, has lived at Locust Point for three years. ``It's one of the nicest buildings in the area. Management and maintenance are excellent . . . and I really like the parties,'' Gleixner said, referring to the two or three parties sponsored by management each year.

``I like the style of the building, the high ceilings, the exposed ductwork, and the colors. The halls are bright and cheery,'' Gleixner said.

About half of the units at Locust Point have a view of the river. Gleixner's sixth-floor corner apartment offers beautiful views not only of the river, but of Penn, the Philadelphia Art Museum, and 30th Street Station. ``My whole living room is windows!'' Gleixner exclaimed. ``I have the best view in the building, north and west, and I watch the sun set every night.''

THE DETAILS Name: Locust Point.

Address: 2429 Locust St.

Phone: 215-636-9640 or 215-564-3322.

Type of housing: Contemporary rental apartments in historic building.

Number of units: 110.

Rental range: $865 to $1,890 (one- and two-bedroom).

Management: Historic Landmarks for Living.

Amenities: Washer and dryer; individually controlled heat/AC; dishwasher; garbage disposal; microwave oven; frost-free refrigerator/freezer; self-cleaning oven; wall-to-wall carpeting and window blind; 24-hour emergency maintenance; on-site management; on-site garage (extra cost).

Pets: Cats and dogs under 30 pounds; refundable pet deposit of one month's rent, plus $50 per month pet fee.

Shopping: Market, walking distance.

Public transportation: SEPTA bus and 30th Street Station, walking distance.

Directions: On Locust, at 25th Street, on the water.

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