When you visit longislandforsale.com, you will have access to homes for sale in Long Island, broken down for you by area. You also will be able to find foreclosures, and a Home Buying Guide. You can sell your home with them, find rental properties, and find someone to help mortgage your property. Check us out in their directory under Pennsylvania real estate!
New Construction in Philadelphia – Paseo VerdeThere is new construction in Philadelphia taking place adjacent to Temple University Train Station. Paseo Verde, which translates to “green walk,” will be built by Jonathan Rose Companies at 9th St & Berks St, in an effort to “create a mixed-income, transit-oriented community in a transitioning neighborhood.” The developers of the complex really want to revitalize the neighborhood, making it desirable to outsiders, and use it to revitalize the local community, including Temple Students and the broader spectrum of residents.
If you want to know what actually will be built at the site of the new construction in Philadelphia, here is a list of what the 206,000 sqft. building will consist of:
State Senator Shirley Kitchen says about the new construction in Philadelphia, ‘What I see this doing is helping with the balance of the neighborhood.. It’s one block fits all, not like in the old days when people had the same basic goals in common. I see this as a balance.’ The complex is scheduled to finish construction in 2013.
Cannot wait to see the finished product!
Single Family Real Investment vs Multi Family Real Estate InvestmentUntil this point, I have mostly been a single family investor ; owning a bunch of places throughout Fishtown, Kensington, South Philadelphia, and a couple of condos in center city. Generally speaking the returns having been very good, with cap rates in the 20% range on some properties, while other’s have been more towards 10%. That being said, I’m learning that time truly is money, and that these properties are very demanding on my time. My personal investment strategy and focus has recently shifted to 10+ unit buildings, either existing or development opportunities.
Whichever way you go, Professional Property Management is likely going to be a integral part of your investment strategy.
What’s your investment strategy, and where’s it heading?
Philadelphia’s Dilworth House DramaOriginally built in the 1950’s for a “mayor who championed the revival of Society Hill,” plans for Philadelphia’s Dilworth house have been a cause for much debate (Jaffe, PlanPhilly). This specific house, located at 223-225 South 8th Street, is part of the Society Hill Historic Preservation District, and sits directly on Washington Square, an extremely attractive area for renters and buyers alike. The current owners of Philadelphia’s Dilworth house, John and Mary Turchi, want to remove a section in the rear of the house to build a 17-floor condominium building.
Since 2006, the current owners of Philadelphia’s Dilworth house have been trying to get approved to start new construction and the Historical Commission and community members have been petitioning to have it remain in tact. According to Alan Jaffe of Plan Philly, the current review board disagreed with former approvals, indicating that “there was evidence that just over half of the building’s footprint would be removed, including part of the front facade.” What does this mean for the Turchi’s? Most likely, the couple will have to go back and reevaluate their plans, or try some again with the city’s Zoning Board.
Easter Weekend in PhiladelphiaIf you’re spending this Easter Weekend in Philadelphia, you may need some fun things to do to keep you occupied. I researched a little and found some holiday inspired events that are taking place in this wonderful city.
A few of Philadelphia’s restaurants are offering special dinner for those observing the Passover holiday.
Another special thing going on in Philadelphia during Passover, is the offering of the first-ever evening hours at the Jewish Museum! On April 11th, in honor of Passover, the National Museum of American Jewish History will stay open until 8 PM. They will offer 20% discount on Passover items and serve kosher food for in their cafe for the rest of the holiday.
This Easter weekend in Philadelphia, we wish for you the best egg hunts, zombie make up, and matzah!
Low-Cost Housing Coming to Philadelphia?I was reading the Metro and stumbled across this article, “Shipping containers: Next frontier for affordable Philly housing?” Naturally, I was inclined to read on as I could not imagine large shipping containers becoming the solution to low-cost housing.
Jim Kenney’s proposal is both interesting and inspiring; to take recycled shipping containers and use them to create new low-cost housing and create jobs. There are other projects around the world that have employed the same concept. Take, for example, the dormitory built in the Philippines that is made from these shipping containers for lower-income students and workers. As described in an article on springwise.com, “Four shipping containers make up the dorm, which includes separate air-conditioned housing and bathrooms for men and women.” The pricing is very low per month and includes basic utilities.
Matt Hickman from the Mother Nature Network tells us that “there are more than 300 million shipping containers sitting empty at ports around the world.” People have taken the simple containers and manipulated them to make amazing buildings, including their beach side paradises and multi-bedroom houses.
Though “environmentally conscious architecture firms have been using shipping containers in building construction for years,” Metro writer Alex Wigglesworth says, Kenney now wonders if there is enough demand for a large low-cost housing project to work.
What do you think?
