By Veronica Grecu, Associate Editor
A new residential development is ready to break ground on the east end of Philadelphia’s Society Hill, between Front and Second, Pine and Lombard Streets, informs PlanPhilly.com. According to the proposal submitted by the real estate development company Toll Brothers to the Society Hill Civic board, the condominium complex will replace the former NewMarket, a failed mixed-use development that opened in 1975 and attracted several uninspired investors over the years, such as Patti LaBelle and Will Smith, only to become a concrete wasteland by 2002.
Horsham-based Toll Brothers intends to build a four-story complex of approximately 73 brick-fronted, low-rise condominiums. The new T-shaped site will be no higher than 60 feet and will include one- and two-bedroom units with sale prices ranging from $400,000 for a one-bedroom to $800,000 for a two-bedroom unit. The plans also include 90 underground parking spaces, but there will be no shops or restaurants on the site. According to NakedPhilly.com, the developer plans to start construction in fall 2012 and hopes to complete it within a year.
PhillyBurbs.com informs that the Doleystown Presbyterian Church is undergoing a “green” renovation and expansion. The church board has contracted Dawn Solar Systems Inc. (DSSI) to install a 1,500-square-foot renewable energy system on the roof and Warminster-based Drexel Metals to set up the metal roofing material. New energy-efficient windows, a domestic water heating system and a new insulation system have already been installed as part of the property’s extended $14 million redevelopment plan.