Archive | February, 2012

January/February 2012

2 Feb

New 12-storey apartment building replaces derelict building on 2000 block  of Chestnut Street

Another apartment building is soon to be built in the blocks surrounding the Riverwest Condos and The Condo Shop office there.  This time, the new building is replacing the most blighted property on Chestnut Street, west of Broad, at 2017-23 Chestnut.  That boarded up building was an extension of the YWCA building next door, which is now the Freire Charter School.  The abandoned building was owned by the Redevelopment Authority, which chose Aquinas Realty to develop it.  Aquinas’s plan is to build a 12-storey luxury apartment building with a ground floor restaurant and space for the Freire Charter School in the basement of the new building.  Their building is being considered by the Zoning Board and Philadelphia City Planning Commission, so construction won’t begin until at least the middle of the year.  The developers are still deciding the materials for the facade and the design of the windows, but they likely will be putting bay windows and louvres.

This is the third luxury apartment building being built in this immediate area.  There is, also, a 13-storey apartment building being built at 21st & Market Streets and a 34-storey apartment building at 2116 Chestnut Street.  The total of these buildings will bring hundreds of new apartments and hundreds of new residents to the neighborhood, while redeveloping blighted properties and bringing new retail to the area.

Rendering of new apartment building @ 2017 Chestnut

New sushi restaurant coming to the neighborhood, around the corner from Riverwest Condos

A brand new sushi restaurant is soon to open at the corner of 22nd & Walnut Streets, around the corner from the Riverwest Condos.  It will be replacing the Millenium Cleaners and Jack’s Camera Shop, that both recently went out of business.  This sushi bar joins several others in the neighborhood, such as Tampopo, Mizu, Fuji Mountain, Vic Sushi Bar, and Yamaki Sushi; but this will be west of those restaurants and will attract people from near the Schuylkill waterfront and Fitler Square.  The building it will be in is the historic Walnut Plaza, once called The Madison, that was built in 1916.  No word on when the new restaurant will open or the name, but it likely will be a popular addition to the neighborhood and will help improve a currently drab corner.

Site of new sushi restaurant @ 22nd & Walnut

LISTINGS:

Riverwest #1123, studio, all utilities included, currently rented for $975 per month, but could be owner-occupied  $139,000

Riverwest #1414, studio, all utilities included, furniture included  $150,000

Riverwest #1212, one-bedroom, all utilities included, newly renovated, currently rented, but could be owner occupied   $189,900