September 13, 2016 |
Here's a sign that Philadelphia's apartment-building buzz may be quieting: A major out-of-town developer has bailed on a big Center City project, citing ballooning construction costs and tapering rent growth. Mack-Cali Realty Corp. said in its most recent earnings call that it had backed out of a deal to build a 300-unit apartment tower at 709 Chestnut St. with local developer Parkway Corp. The Jersey City, N.J.-based company is withdrawing from a Center City residential-development boom that's been gaining steam since the end of the last recession, with rising rents encouraging record investment in new projects.
August 25, 2016 |
A 27-year-old man was shot multiple times and killed early Tuesday in Darby Borough on the front porch of his grandmother's apartment in what might have been a robbery-related attack, police said. Police received calls reporting gunfire at 2:06 a.m. and minutes later arrived at Sixth and Fern Streets, Police Chief Robert Smythe said at an afternoon news conference. Officers found Darryl "Deek" Curry on the ground by the front door, unresponsive. They tried to perform CPR, but medics declared him dead at 2:14 a.m. "We believe this was a robbery," Smythe said.
August 24, 2016 |
Greythorne Development of Montclair, N.J., and the Flynn Co. of Philadelphia plan a 13-unit apartment building on the southwest corner of Second and Race Streets in Old City, Greythorne owner Michael Koep said Monday. The five-story project with ground floor retail is being designed by architect Canno Design, according to documents filed with the Philadelphia Historical Commission, whose architectural committee will review the plan Tuesday. The building, at 160-164 N. 2nd St., which is being called the Elliot Apartments, would replace two single-story kitchen-supply stores.
August 22, 2016 |
Amit Azoulay is seated in the living room of a condo at 1512-18 Frankford Ave., explaining that, after completing 18 development projects, with four more on the horizon, he still considers himself an artist. "I have been painting all of my life," said Azoulay, who came to Philadelphia in 1999 from Haifa, Israel, to study at the Pennsylvania Academy of the Fine Arts. Azoulay says his artistry is closer to architecture. "As a kid, I designed all kinds of buildings and 'dream houses,' " he said.
August 3, 2016 |
Montgomery County prosecutors are investigating what they are calling a double homicide at an apartment building Sunday night. Janice Trunk, 54, and Kevin Milton Smith, 44, were killed in a shooting at the Forest Garden Apartments in Ambler, District Attorney Kevin R. Steele said Monday. The county coroner's office determined after autopsies Monday that both Trunk and Smith died of multiple gunshot wounds. Their deaths were both ruled homicides. The Ambler police received a phone call reporting the shootings at 11:15 p.m. Sunday, First Assitant District Attorney Ed McCann said in a statement.
July 24, 2016 |
Travis Dredd is an ex-Marine, so not much scares him - except the thought of a failed balloon drop at the Democratic National Convention's climactic moment Thursday night. "Since 2004, that's been my nightmare," said Dredd, 45, deputy chief executive for the Democratic National Convention operations. "In 2004, they didn't fall right away. I have nightmares about that happening again. " As much as Dredd supports Hillary Clinton, his current gig is anything but political. Dredd is in charge, on behalf of the entire Democratic party, of making sure that everything is set up for the convention at the Wells Fargo arena.
July 2, 2016 |
As Center City has shined up over the last couple of decades, Broad Street became the dividing line between the increasingly upscale west side and the stubbornly scruffy east. Philadelphia's most stylish shops and restaurants tended to gravitate to the west side, close to Rittenhouse Square, even while fine 20th-century commercial buildings sat half-empty and unkempt on the east. The 1100 block of Chestnut Street was one of the worst spots, a black hole of blight. Trash swirled in the doorways of dollar stores, while the vacant upper floors became canvases for elaborate graffiti narratives . A 2013 study by the Center City District found that the dreary block had the lowest pedestrian counts of any commercial street in its survey, an extraordinary statistic considering its proximity to City Hall and the Convention Center.
June 16, 2016 |
Question: I live in an apartment building, and a family with four kids lives in the apartment above us. They are so loud all the time and it drives me insane! My husband and I can hear them screaming, singing, crying, jumping, and running. Sometimes it sounds like a marching band is practicing up there! We just had a baby and I find that I can't nap because of all the noise. We're not friends with them and haven't really spoken to them much, but I'm ready to leave a note on their door to tell them to quiet down!
May 25, 2016 |
WE START where we always have since the deadly Market Street building collapse that killed six people and injured 13 on June 5, 2013 - with the building's Teflon-coated owner, Richard Basciano. And if there is any justice or, perhaps more likely, karma in the world, we will end with Basciano walking down a road to a hell of his own making, paved with excuses. Since an unsupported four-story wall crumbled and crushed the adjacent Salvation Army thrift store at 21st and Market, many have wanted to hear from Basciano, the property owner who had the final say on contracts and decisions, but whose clout and cash kept him insulated from accountability.
May 15, 2016 |
If you lease an apartment in the offseason, you are more likely to get a deal than at peak rental time, roughly February to June. So says RentHop, the apartment search engine. Its data show Philadelphia has offseason rent deals for one-bedroom apartments of nearly 2 percent lower in January and July, and closer to 3 percent in November and December. "These are median asking rents," said Lawrence Zhou, data scientist at RentHop. "The basis for the study was to show how seasonality affects prevailing asking prices landlords are charging.