, the largest housing development in this corner of West Philadelphia in decades.
Gauthier concluded her letter by asking the developer to back out of an upcoming mandatory design review session and enter negotiations with the city.The company won bidding for 4601 Market, andthat sits on it, in 2019. The City of Philadelphia had sunk $52 million into renovating the almost 100-year-old structure for the new Police Headquarters.
Last summer, Iron Stone revealed plans for a vast residential development at the site as well. Currently, the Providence Mutual building is surrounded by surface parking lots and sprawling lawns. But it is right next to the 46th Street Market-Frankford line stop and near booming University City. During a tour of the campus last summer, Iron Stone said it could not commit to affordable housing at that point in the planning process.
The project is zoned to allow for midrise residential projects, and the 46th Street Market-Frankford Line stop includes a transit-adjacent bonus meant to encourage additional residential density. As a result, the only community engagement required of Iron Stone is a presentation to the Civic Design Review board. This advisory panel of city appointed planners and architects offers nonbinding critiques of the structureDevelopers must meet with community groups before presenting to the CDR board.
They sold a building they spent 52 million on renovating it only to sell it and the land for a steal ? So they lost taxpayers money.. Wonder how much ?
Isn't there supposed to be affordable housing developed across the street by PHA at the site of the old low-income towers?
Only 20%? And what’s considered affordable as opposed to low income? Affordable in MA is nearly impossible to afford!
And they’ll most likely get carjacked or killed the day after they close on their house.
Pressure = Bullying
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