06-19-2005, 09:35 PM
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El Destructor II
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Join Date: Jan 2003
Location: 11th& Sansom
Posts: 23,195
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Condos, Condos, Condos
Quote:
K
illian has three projects on the front burner: at 19th and Porter Streets (12 townhouses on the site of a closed church and school); 17 townhouses on the site now occupied by Rosa Foods at Juniper and Federal Streets just off South Broad; and a condo project on North Second Street in Northern Liberties, adjacent to Bart Blatstein's Liberty Walk.
The eight condos will be built on a 3,000-square-foot site Killian bought from the Redevelopment Authority.
The 19th and Porter project has been delayed for six months by a zoning challenge. He expects the Northern Liberties project to make it through "the toughest approval process in the city," the neighborhood civic association.
All three projects are new construction...Grasso's pet project is the Lofts at Bella Vista. The five-story former Curtis Publishing printing plant at 11th Street and Washington Avenue has 78 condo units priced from $600,000 to $1 million.
"It was a challenging location on the edge of a great neighborhood, but, like the Curtis Building [now Curtis Center] at Sixth and Walnut, the plant was designed by architect Edgar Seeler, with 19-foot ceilings that allowed us to put mezzanines in all of the units," he said.
Like most of Grasso's deals, it required a bit of wrangling to pull off. Southwark Metal Co. owned the building and three others nearby, and didn't want to break up the set.
"I said, 'OK, I'll buy them all,' and found Southwark a home for a bigger, modern factory in the Northeast."
The other three buildings?
"I've got plans," Grasso said. "I'm about ready to close a deal for a grocery store. And, of course, there will be retail and office, too."
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http://www.philly.com/mld/philly/cla...e/11902199.htm
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