Rising Real Estate

Philadelphia Real Estate News

5521-23 Market Street

58-Unit Adaptive Reuse Project Planned in West Philly

If you’ve take the El through West Philadelphia, you’ve probably noticed the hulking beige building on the north side of the 5500 block of Market Street. The 29,760 square foot structure bears the name of the Advance Storage Co., but historical maps indicate the building was originally a power house. The 5,012 square foot CMX-3 Read more about 58-Unit Adaptive Reuse Project Planned in West Philly[…]

245-255 South 44th Street

Permits Issued for Demolition of 6 West Philadelphia Homes

Zoning permits were issued yesterday for the demolition of 6 homes in the Spruce Hill neighborhood of West Philadelphia. All 6 properties at 245 through 255 South 44th Street are zoned for single family use (RSA-5) but received zoning approval in 2018 for 4 units per building. All of the structures look to be in Read more about Permits Issued for Demolition of 6 West Philadelphia Homes[…]

2301 Frankford Ave. under construction

Bobby’s Bar in Fishtown to Become 7 Units + Commercial

It must be about 5 years since Bobby’s Bar at the corner of Frankford Avenue and Dauphin Street closed down. The dive bar, once known as Bob’s Happy Hour Tavern, was a long time neighborhood staple. It’s closure left the northeast corner of Dauphin and Frankford feeling abandoned and blighted for years. However, we’re now Read more about Bobby’s Bar in Fishtown to Become 7 Units + Commercial[…]

2740 Amber Street

For Sale: 132-Unit Development Opportunity in Kensington

Over the last five or so years, we’ve seen development from Fishtown make a strong push outward into South Kensington, East Kensington, Olde Richmond, and even further. Only a few years ago, there was not a ton of new construction north of York Street in Kensington. Now, hundreds of units are under development and more Read more about For Sale: 132-Unit Development Opportunity in Kensington[…]

Penn Home Fishtown

Fishtown’s Penn Home to be Converted into 45 Residential Units + Restaurant

Penn Home at 1401 E. Susquehanna Avenue in Fishtown opened in 1848 and provided shelter for women older than 59 years of age until it closed in September of 2020. The abrupt closing caused concerns across the community about what would become of the property and its structures dating from 1769 to the 1950s. Shortly Read more about Fishtown’s Penn Home to be Converted into 45 Residential Units + Restaurant[…]

1900 South 16th Street

Point Breeze Church to be Converted into 45 Apartments

We’ve seen way too many churches around Philadelphia get demolished or left to sit and rot. These buildings are typically difficult to convert into apartments, especially when they have been neglected and maintenance has been deferred for decades. However, there have been more than a handful of success stories where churches have been converted into Read more about Point Breeze Church to be Converted into 45 Apartments[…]

2202 E Allegheny Avenue Rendering

189 Apartments + 70 Townhomes + Commercial Planned in Port Richmond

There’s a vacant lot along the train tracks in Port Richmond that has caught our eye for quite some time. The 124,744 square foot parcel is zoned Industrial Residential Mixed-Use (IRMX), which allows for a dense residential use by-right. For years, it has sat vacant as development has creeped into Port Richmond. More recently, it Read more about 189 Apartments + 70 Townhomes + Commercial Planned in Port Richmond[…]