Articles Tagged with: real estate
Pew Charitable Trusts Study Confirms Philadelphia. Is. Awesome.

The Pew Charitable Trusts’ work is all about laying a foundation for policies and civic responsibility practices for a better city life. By using non-partisan, evidence-based analysis, they are able to better pinpoint specific challenges facing cities and their citizens, therefore highlighting the path to make real, positive changes.

For the seventh consecutive year, a report was released last month by Pew Charitable Trusts titled Philadelphia: The State of the City 2015. In this report, they analyze jobs and economy, public safety, education, housing, government and transportation, arts and culture, and health and welfare. Reports like these enable us to compare numbers in context to other cities similar in size, location and makeup as Philadelphia, as well as comparing current statistics with our own from years past.

Here are some of its most notable findings:

popul

Philadelphia’s population is on the rise. After declining for over a half a century, more than 71,000 new residents in the past seven years now call the City of Brotherly Love home. Despite its population of over 1.5 million, Philadelphia feels and functions like a collection of neighborhoods- each with its own unique identity.

age prof

The age profile has altered… a lot! Between 2000 and 2013, the age profile in Philadelphia has changed pretty dramatically. More than ever, Philadelphia offers a younger adult generation art and culture, nationally-renowned higher education opportunities and a growing economy. Since 2013, 25-29-year-olds remain the city’s largest age cohort by far.

right dir

future

People are excited about the future of the City, and a staggering margin show that they have immense confidence that Philly will continue to get better- proving to be an even better place to live as time goes on. M2P agrees!

unemp

Unemployment rates continue to drop. While Philadelphia was a little slow to recover after the recession, since 2011 we continue to see the number of unemployed citizens decline significantly. Similarly, Philly gained over 8,800 jobs in 2014 alone, marking the highest employment level in the city in more than a decade.

Some other notable mentions:

  • Tourism of domestic overnight visitors has increased well over 2M since 2004
  • Colleges and universities continue to bring in huge amounts of revenue for Philadelphia, with University of Pennsylvania and Temple University alone bringing in over $3.7B  and $1.2B respectively.
  • Violent crime at a record low since 1968, and an overwhelming 43% of responders to the poll said they felt safe in their neighborhoods
  • High school graduation rates on the rise (68% in 2012 compared to 52% in 2005)
  • Of City residents ages 25-34, nearly 40% had bachelor’s degrees, nearly 7 percentage points higher than the national average. Back in 2000, this number was only 26%.

 

Studies like this one shed light on just how awesome Philadelphia is and how much it continues to get better each year. We’re excited to watch as the positive changes keep comin’.

 

 

 


Converted Police Station Lofts Perfect Fit for Former NY’ers

Precinct2.pptx   Google SlidesFeel free to swoon over The Precinct, a converted police station turned awesome 4-unit condo building on Moyamensing in Pennsport. The building has a contemporary fusion brick facade with arched windows and encases loft-style units with a large shared roof deck. These 2 and 3 bedroom condos feature 12 foot ceilings, modern kitchens, and hardwood floors, and are all under $350K. New Yorkers, what are you waiting for?
Precinct2.pptx   Google Slides2

Precinct2.pptx   Google Slides3
Precinct2.pptx   Google Slides4


Completely Renovated 3 Bedroom Townhouse with Exposed Brick $220K

ISxn476h46mjbd1000000000This stellar townhouse in the Point Breeze neighborhood of Philadelphia has got it goin’ on. Completely renovated from top to bottom, this 3 bedroom, 2 bath boasts almost 1,400 square feet of exposed brick brilliance. A wide open floor plan on the first floor, separate entry bonus room, full dry basement, patio and large back yard are just some of the great features of this pad; that is conveniently located within walking distance to public transit, shops, and restaurants.

IS5m0hc52am8ed1000000000 IS9to356iblxfd1000000000 ISxve49cw0c0fd1000000000 IS5ydfl9x6gbgd1000000000

See full listing here.


Old A.F. Bornot Dye Works Building Getting a Facelift

Bornot Dye plantWe just love to see life breathed back into old vacant buildings here in Philly. There’s something to be said about recognizing the potential of a building with really great bones, and even more to say about taking that recognition and turning it into action. That’s why we’re excited to hear that the Bornot Dye Works building (17th & Fairmount) is getting a much-needed second chance at the hands of MM Partners. Historically, MM Partners typically sticks close to their Brewerytown roots, but we’re so glad they’ve ventured north of Logan Square and given this diamond in the rough a shot.

Back in the eve of the 20th century, the building plans, designed by architect Werner Trumbower, were noted in the 1919 edition of Cleaning and Dyeing World, a publication on the Who’s Who of the dye world.

Cleaning and Dyeing World   Google Books

circa_sometime_in_the_late_1800s_early_1900s_as_feature_in__ad_408

The folks at MM Partners have big plans for this space that will bring even better things to the already great Spring Garden neighborhood, largely populated by more recent arrivals to the city who sought out reasonably priced roomy homes. The 75,000 sqft warehouse will be converted into both a retail and commercial space (some highlights expected include a bank branch, yoga studio, and coffee shop), as well as 18 residential apartments with 2 high-end lofts. Work has already begun on the massive project and is expected to wrap up late summer/early fall 2015.

ArtistRend. Dye Works