The boarded-up former Colombo’s, which was severely damaged in a fire in August 2012, is being purchased by the Passyunk Avenue Revitalization Corporation.
PARC director Sam Sherman told us that the organization, which has renovated a number of buildings along the avenue, including locations for Fond, Noord and the forthcoming Brigantessa, just closed on the building.
“We expect to have a lease signed in the next few months,” he said. And what kind of a lease?
He wouldn’t say who the group is negotiating with. With PARC’s track record, however, it would be surprising if they didn’t lure a restaurant.
We reported in July that the building’s former owner, Maurice Pisano, had been fighting foreclosure proceedings all the way back to 2007. The company that issued the title insurance on the property ended up buying it last year, and every time we spoke with the owner, she deferred to her daughter, a lawyer who was handling what to do with it next. Apparently, that was selling it to PARC.
A restaurant in that space also dovetails nicely with PARC’s plan to redevelop the wedge-like intersection at Passyunk, Broad and McKean into an East Passyunk gateway. That little corner is really looking up, huh?