Former Colombos will get new life as PARC buys the building

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.

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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?

 

16 thoughts on “Former Colombos will get new life as PARC buys the building

  • February 13, 2014 at 9:36 am
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    Yey!!! Great news. Can’t wait for all the nice things coming to Broad and Snyder!

  • February 13, 2014 at 10:41 am
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    Fingers crossed for a fancy late-night diner.

  • February 13, 2014 at 11:24 am
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    I realllllly need for Broad and Snyder to get cooler. Let’s get something cool in the Superior Plumbing warehouse!

  • February 13, 2014 at 11:39 am
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    This is great news!!!

  • February 13, 2014 at 12:52 pm
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    I’d like to save/keep the old Colombo’s sign if they are just going to trash it.

  • February 13, 2014 at 12:53 pm
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    Albert, you know my prediction for this place: burgers, fries and craft beer. The building will be evocative of 50’s era cool with food driven by a cutting edge Philly chef.

    Unlike anything else on Passyunk..

    fingers crossed.

    • February 13, 2014 at 1:27 pm
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      Please, please let it be something like that, and serving late. We need another relatively cheap place.

      • February 13, 2014 at 2:08 pm
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        Burgers/diner would be nice! We have so many high end places that it’d be nice to get a quality mid-range spot.

    • February 21, 2014 at 10:38 am
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      This would be IDEAL!!

  • February 13, 2014 at 4:32 pm
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    This is simply awesome news!

  • February 13, 2014 at 5:24 pm
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    So you want PYT – South Philly. I heard Tommy Up recently franchised his brand.

  • February 13, 2014 at 11:04 pm
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    Paging Laura Frangiosa: let’s get a philadelphia version of The Avenue diner where it belongs

  • February 14, 2014 at 12:26 pm
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    Something affordable, something open late night, something visually well executed. Thats all I ask.

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