|
Northeast Philadelphia
The combination of stable rowhouse neighborhoods,
opportunities for new housing construction and easy access to shopping
malls have made the Far Northeast a very desirable residential location.
Recently the area has seen extensive private residential investment
using tax-abatement incentives.
Major Projects:
Byberry State Hospital Site
This 130-acre site is in a high-value residential area of the Northeast. It is currently under planning for a mixed-use residential and commercial development. Proposals call for half of the site to be homeownership with up to 400 units of market-rate housing and the other half to contain office space and commercial areas. The site is currently under development by a partnership of the Brandywine Realty Trust and Westrum Development Company. Click here for more details.
Meadowbrook at Fox Chase
A substantial development of market-rate housing on Rhawn Street, priced
in the $300,000 range. The developer is Ryan Homes. This development
takes advantage of the 10-year tax abatement.
FOP
The City is completing $1.5 million in improvements to the FOP Senior
Apartments, a 106-unit building located at 730 Byberry Road.
Center Park III
Center Park III is the third building to be constructed at this site. A 39-unit senior project, located at 1901 Red Lion Rd.,
this $3-million development is sponsored by the Jewish Federation, which
provides homes for 1,400 residents in the Northeast. There is a three
to five year waiting list for this development.
|
