Philadelphia’s City Planning Commission OKs a Master Plan on Riverfront

The master plan,six-mile stretch of the central Delaware River in Philadelphia, calls for more low-rise buildings, a waterfront trail, better public access to the river, parks every half-mile, and extension of the city’s street grid to the water’s edge. The commission will use it to guide future decisions on waterfront land use. It also will be used as a reference in a remapping of the zoning for the waterfront. As part of the plan, the city would need to invest $770 million over 25 years to upgrade the infrastructure and public spaces along the central Delaware. To Read more…

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Cleaning Up West Passyunk and Snyder

A $60,000 Philadelphia Department of Commerce grant is allowing the Snyder Avenue Corridor Cleaning program, a 12-month plan to beautify 18th through 25th streets, to continue to improve Snyder Avenue for Philadelphia business and residents.

The other clean up mission, called the Passyunk Avenue Corridor Improvement Project, is a $6.4-million project, with 80 percent of funds deriving from the American Recovery and Reinvestment Act of 2009. It debuted January 30th and will involve improving Passyunk Avenue from Broad to 63rd streets, a territory that includes a Southwest and South Philly. The eight-factor initiative will run through December. Fourteen intersections are scheduled to receive signal improvements, new traffic mast arms and poles, light-emitting diode traffic signals and signal controllers allowing for enriched signal phasing, according to the plan. To read the article article…

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Need New Ideas for Landscaping Your Yard this Spring?

Need New Ideas for Landscaping Your Yard this Spring?
Well come to the Philadelphia Convention Center this Marc
h. The Philadelphia Flower Show begins its week-long exhibit Saturday, March 4th featuring thousands of exotic plants, rare flowers, and other stunning installations. This year’s theme, “Islands of Aloha” will transform the floor-space of the Philadelphia Convention Center into acres of lush Hawaiian gardens.

There are FREE lectures and demonstrations.

For ticket information …

Reimaging I-95 in Philadelphia, PA

Pennsylvania Department of Transportation (PENDOT) has 51 miles of I-95 scheduled for construction. The question is should Philadelphia reimage the three-mile stretch of Interstate-95, which divides Philadelphia center city from the Delaware River waterfront, in the near future. The hear what others had to say visit this article.

Top 3 Ways to Turn off a Home Buyer and a Home Seller

If you are a home sellers, below are 3 things to avoid:

1. Hanging out when buyers are viewing your home
2. Showing a messy house
3. Overpricing your home

If you are a home buyer, below are 3 things to avoid:

1. Unjustified, extreme lowball offers
2. Buyer-side mortgage fails
3. Bashing the seller’s home

To read more visit this article.

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Divine Lorraine: Is this Eye-Sore Going to Be Bought?

As mentioned in earlier posts, change is coming fast to the blocks around Broad Street and Ridge Avenue in Philadelphia, PA. Some Real Estate Developments are:

• North Broad St will be updated with new lights and landscape
• The conversion of a state office building into 204 apartments
• Pennsylvania Ballet project
• Mixed-Use and Retail

And then there’s the Divine Lorraine Hotel, the 10-story, graffiti-covered building that has been an empty eyesore since 1999. A Philadelphia Developer has an option to buy the building but this is the fourth time in recent years that someone has wanted to take over the building. Well keep you updated on this story.

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Mortgage Rates Establishing Several New Historic Lows

Attention Philadelphia Home Buyers….Mortgage rates broke another set of records during the week ended February 3, establishing several new historic lows. Some highlights from this mortgage rate article are:

• Rates for 30-year FRM with conforming loan balances of $417,500 or less decreased to 4.05 percent from 4.09 percent, with points increasing to 0.44 from 0.41 including the origination fee.
• Jumbo 30-year FRM, those with loan balances greater than $417,500, had averages rates of 4.29 percent with .43 point compared to 4.33 percent with 0.41 point.
• The rate for 30-year fixed-rate mortgages backed by the FHA decreased to 3.89 percent from 3.96 percent, with points increasing to 0.78 from 0.61.
• Fifteen-year FRM had an average rate of 3.33 percent, down 3 basis points from the previous week and points decreased to 0.37 from 0.41.
• The rate for 5/1 adjustable-rate mortgages (ARM) decreased to 2.91 percent from 2.94 percent, with points increasing to 0.40 from 0.39. The ARM share of mortgage applications was up to 6.0 percent from 5.6 percent the previous week.

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