UPDATE: See extra details below. And we managed to get a couple renderings.
A 50-home development is being proposed for 2012 Wharton St., which a source familiar with the plan said would be the largest market-rate development in Point Breeze in decades.
The gigantic, crumbling warehouse currently on the site, which is bordered by Wharton, Reed, Capitol and Woodstock streets, would be demolished.
We don’t have much information on this one yet, but the source did say that each home would have a green roof and “maintain 100 percent of its storm water.” City records say the current building has been owned by the same couple since 1958, so we’re going to take a wild guess and say this is a pending sale. The assessed property value went from a mere $38,400 this year to a whopping $1.9 million for 2014.
The project will be presented Monday before a meeting of the always lively South Philadelphia Homes Inc. – 6:30 p.m. at 1444 Point Breeze Ave.
So, what do you think of this location for such a big market-rate development?
UPDATE: Naked Philly got the inside track on the details because its owner OCF Realty is the broker for the project. That’s how they get ya. Here are some highlights from that story:
- The warehouse is a print shop that’s moving, but the parcel once housed John Wanamaker’s horses.
- Homes will face each of the streets mentioned above, with six each fronting Wharton and Reed and 19 each fronting the other two small streets. It’s to be built in phases, with 10 homes to start, and in batches of four until they sell them all.
- “Architecturally, the houses will try to strike a balance between contemporary and classic Philly row home.”
- Each house will have a green roof, and here’s an example of what it is expected to look like. Nice.
- The houses each have three bedrooms, two full baths and three half baths, the blog says. Can that be right?
- There will be no parking included:
Without parking, the folks who buy these homes will walk around the neighborhood, patronize its businesses, and enjoy the walkability that this location offers in terms of proximity to Center City.
So, what do you think?
UPDATE #2: A demolition permit for the warehouse was issued yesterday.