Councilmember Gauthier pressures 4601 Market developer to include affordable housing

, 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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Price Forecast: XAU/USD skids below $1,840 as geopolitical tensions dampen market moodGold price (XAU/USD) has slipped to near $1,837.90 after delivering a downside break of the consolidation formed in a narrow range of around $1,844.00
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock market: Revives mildly despite geopolitical tensions, PBoC keeps LPR unchangedMarkets in the Asian domain have revived mildly after facing severe heat on Monday. S&P500 futures have recovered firmly after displaying significant
Source: FXStreetNews - 🏆 14. / 72 Read more »

California job market: Is a cold front coming in?Evidence is mounting that changes in the California job market may be catching up with years of unfettered success and job growth. It is a very mixed situation. All the unfettered are packing up and moving out to more tax same states.
Source: KTVU - 🏆 465. / 53 Read more »

Bitcoin market cap ‘flips’ payments giant Visa for the 3rd timeThe recent Bitcoin price surge has pushed cryptocurrency's market cap above that of Visa — the largest payment processing network in the world. This is the third time BTC has “flippened” Visa. Yawn. It's manipulated. Play at your own risk.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin Eyes $25K Again While Stacks Soars 50% on Ordinals Hype (Market Watch)The hype around the Bitcoin-based NFTs has pushed Stacks a lot higher recently.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $25,000, Following Moving Average 'Death' Cross – Market Updates Bitcoin NewsBitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets traded close to recent highs. Ethereum remains above $1,700. Some will miss Bitcoin , Brilliant, but using ChiefraFba for signals and analysis
Source: BTCTN - 🏆 531. / 51 Read more »