All things considered, which Philly neighborhood will see the most gentrification in the next 10 years?

[shannons]

Well, he got his for $220/sqft but i think the norm is still closer to 260/sqft for something with a decent view. I saw a couple of the obstructed ones on the lower floors go for 200/sqft. Almost every sale is a foreclosure right now. My guess is that more than 50% of the units from the original sale are gonna have to be turnover through foreclosure/shortsale.



Back to the OT, is there any plans for redevelopment of the industrial landscape around these buildings? I know they were approved for 2 more towers but i'm not sure thats happening anytime soon.

[annie]

HUD suspends affordable housing apartment firm, Mantua Gardens East Inc.

I wonder what this means for Mantua? The company was based near 32nd and Vernon.

[John Goodman]

Ok 6 months later

How does everyone see things now?

Point breeze and kensington both have strong growth, looks like they'd both blow up fast if lending standards eased

I like what I'm seeing in the west powelton/mantua area

[fiveomar]

Francisville is still hot too.

[John Goodman]

I may be beating a dead horse here but.....

We are seeing serious political roqdblocks to pt breeze gentrification...

Is this causing the pendulum to shift to north philly ? Kenzo/fishtown and francisville in particular.

Stephen starr is a good barometer of bourgeous philly and he is in both areas

Edit... more thoughts: retail growth seems strongest in the greater fishtown area... retail growth in pt breeze is driven by rral estate developers so its not exactly organic growrh

Though I suppose the hoods are just by nature different. With pt breeze being a bedroom community for cc and east passyunk while fishtown/kenzo is more insular

[thetalkingmule]

Kensington is about to flip towards the more political. There's a big bunch of projects in the works right now and as soon as those folks move in, it'll probably get more difficult to get things done. That being said, there's much more freedom up here than a lot of other neighborhoods. Perhaps the sense of an "endless frontier" is what's causing it.

[John Goodman]

Sorry to inject race but...

Are Puerto Ricans as likely to vehemently oppose gentrification as black people ?

Historical circumstances are way different

[the mule]

I may be beating a dead horse here but.....

We are seeing serious political roqdblocks to pt breeze gentrification...

Is this causing the pendulum to shift to north philly ? Kenzo/fishtown and francisville in particular.

Stephen starr is a good barometer of bourgeous philly and he is in both areas

Edit... more thoughts: retail growth seems strongest in the greater fishtown area... retail growth in pt breeze is driven by rral estate developers so its not exactly organic growrh

Though I suppose the hoods are just by nature different. With pt breeze being a bedroom community for cc and east passyunk while fishtown/kenzo is more insular

Point Breeze is not seeing any real political roadblocks. There is a lot of hysteria surrounding the landgrab bill (and some rightfully so), but it will hardly make a dent in Point Breeze's future. The fundamental driving forces behind development there have not changed. It's still surrounded by high value neighborhoods, still convenient to the BSL, still walking distance from East Passyunk, still close to Center City, still largely affordable. It is gaining new businesses slowly but surely, and amazingly 3 of its businesses were shown on the Layover. I wouldn't quite call it a destination yet, but it is becoming so for the more adventurous crowd.

[thoth]

Point Breeze is not seeing any real political roadblocks. There is a lot of hysteria surrounding the landgrab bill (and some rightfully so), but it will hardly make a dent in Point Breeze's future. The fundamental driving forces behind development there have not changed. It's still surrounded by high value neighborhoods, still convenient to the BSL, still walking distance from East Passyunk, still close to Center City, still largely affordable. It is gaining new businesses slowly but surely, and amazingly 3 of its businesses were shown on the Layover. I wouldn't quite call it a destination yet, but it is becoming so for the more adventurous crowd.

Yeah, because of all the stupid drama in that neighborhood, people sort of lose track of the fact there is tons of by-right construction going on literally all the time. Can't really stop that without risking some serious lawsuits. The neighborhood will improve, but the land grab, the racist neighborhood org are more disturbing trends than roadblocks.

[John Goodman]

Ok

I'm not too well versed on the land grab, thought it was a bigger deal than it is

[thoth]

Ok

I'm not too well versed on the land grab, thought it was a bigger deal than it is

It is a big deal, but it's not preventing wholesale investment or development in Point Breeze.

[AbortedWalrus]

I think the point sort of still stands though. Here in Francisville developers don't face much in terms of opposition to their developments, especially with the new code. The only complaints previously were about parking, which a lot of the new code has done away with (although they are trying to ruin that now). It's got to help speed things along when it's fairly rare that a development get shot down in the zoning process. As far as I know there is a lot of neighborhood opposition in PB, but then again I may be ill informed.

[Sharkfood]

I may be beating a dead horse here but.....

We are seeing serious political roqdblocks to pt breeze gentrification...

Is this causing the pendulum to shift to north philly ? Kenzo/fishtown and francisville in particular.

Stephen starr is a good barometer of bourgeous philly and he is in both areas

Edit... more thoughts: retail growth seems strongest in the greater fishtown area... retail growth in pt breeze is driven by rral estate developers so its not exactly organic growrh

Though I suppose the hoods are just by nature different. With pt breeze being a bedroom community for cc and east passyunk while fishtown/kenzo is more insular

I won't take sides in the debate, but I will note that one thing that sets North Philly/Kensington apart from Point Breeze is the wider variety of building types and in particular the presence
of industrial buildings. This has allowed Old City/Northern Liberties/South Kensington/Fishtown to become more of a live/work location than South Philly. Old City has its North 3rd
corridor of technology firms. I was just walking thru Liberties Walks the other day and an increasing number of storefronts are occupied by offices. There are more offices on sidestreets.
And, of course, Fishtown and Kensington have a number of multi-story industrial buildings that have been converted to studios, offices. The Crane Arts Building and 2424 York are just two
prominent examples.