Our loyal readers are made up of city and suburban buyers from all over the Philadelphia area. This makes it important that our team keep a close eye on both markets. Whether you’re moving from the Main Line to the city or are looking to move out of the city to the Main Line, this blog will always give you the hottest trends in all areas.
This week we’re talking about luxury city living. Want the spacious feel of a larger home with the convenience and excitement of city life? Southwark on Reed, South Philly’s newest and historically inspired town-homes, provides a happy medium for those who want the best of both worlds. These large town-homes, starting in the high 400’s, are only an 8 minute ride to center city. Breathtaking views of the city coupled with quality construction and finishes make these large town-homes that range from 2,300 to 3200-square-feet (with a ground level garage) one of the best deals in today’s market.
The project is especially attractive to buyers that value attention to detail and all things beautifully made in a home. From the open concept living space and modern finishes, to the sense of community, the developers – D3 Developers, and The Concordia Group had a clear vision for Southwark on Reed. This 3 acre parcel was once the site of the Mt Sinai Hospital which closed in the 80’s and sat vacant for years. The developers saw tremendous opportunity with this large site in the up-and-coming Pennsport neighborhood, and were willing to take on the challenge of demolishing the massive hospital to make way for a new residential community.
The architecturally designed exteriors come in a range of unique brick facades which allows the project to feel less like a new construction project and more like an existing historic street in Philadelphia.
The communal green space between the buildings for the residents and surrounding neighbors to enjoy does a beautiful job of integrating the project within the existing community.
After touring the project with developer Greg Hill of D3 Developers, it is clear as to why this project is experiencing record sales. With spacious, open floor plans and thoughtfully designed masonry exteriors, these homes offer exceptional value when compared to other Philadelphia developments. At the current rate of sales, the 91 townhouse community is expected to be completely sold out by late 2017 says listing agent Andrea Pietrinferno of Long & Foster.
Due to the fact that the project is being built as the units sell, the developers were able to make changes to the units based on what the buyers were wanting. Even though the Columbus Model (the smallest offering at 2,300) is a good size, buyers were requesting even larger units. The developers went back to the drawing board reconfigured the layouts, decreasing the overall number of units of the project and created the Washington model, which is over 22 feet wide.
What I find perhaps most appealing about these homes is the ability to customize the finished product. The town-homes come in four standard models, ranging from 16ft to 22ft in width, that can be updated by color and style in finishes depending on the buyer’s budget and taste. Starting at $490,000 and ranging through $660,000, you can create your dream home in a market that is very likely to appreciate and an area that is already growing its culture and community.
My friends, Alyssa & Jeremy Kees were one of the first buyers to buy a townhouse at Southwark on Reed. I was able to check out their place firsthand and was blown away! They have one of the bigger models, The Jefferson, and opted to upgrade the hardwood floors throughout the home. It was fun seeing their home and the model and realizing that you could really add your personal style through the selections. In their kitchen they choose white cabinets with light countertops, but selected gray cabinetry and lighter countertops for the bathrooms. You really can’t go wrong with any of the selections, which were all chosen by a designer. The available finishes throughout the home are modern but still fit with the traditional vibe of the project and are able to mix and match slightly. Although no two buyers may pick the exact selections, all the options compliment each other and allow a buyers personal style to shine through, while still having a cohesive look.
Having toured over 15 new construction projects throughout the city, my friends Alyssa & Jeremy share their thoughts in a brief Q&A as to why they chose Southwark on Reed for their first home purchase in Philly.
How many places did you tour before Southwark on Reed?
I think my husband looked at every new construction building in the city on the internet. We walked through at least 15!
What made you choose Southwark on Reed over other homes/buildings that you toured?
It had everything we wanted! 2 car garage to make life easier for our hopefully growing family, a modern style, a rapidly evolving neighborhood, the right price point, and an awesome rooftop terrace!
How long have you lived at Southwark on Reed?
3 weeks!!! Loving every second getting settled! This is the fun part!
What do you find most appealing about Southwark on Reed?
It will be an awesome community to live in with a great neighborhood feel for young families.
What is your favorite part of your home?
The open concept living, big windows, tall ceilings, and of course the dressing room off the master!
How have you felt about the community at Southwark on Reed so far?
It is still growing but our neighbors are great so far!
What about the future at Southwark on Reed are you most excited for?
The modern charm and continuous growth it will bring to the whole neighborhood of South Philly. We love it here!
“Southwark on Reed sits between two neighborhoods: Dickinson Square and Pennsport, and takes its name from the once vibrant neighborhood of craftsman that lived where the property is now located. This is the first joint project between regional property developer Concordia Group and well-known local builder, D3 Real Estate Development. The property is at the heart of a growing community in a remarkable location—within walking distance of key cultural and community markers like the Italian Market, South Street, Passyunk Avenue, and Pier 68 on the Delaware River Waterfront.” – from the Website
Keep your eye on the blog for more Philly-featured posts from me soon! Check out more of our team’s reviews of properties around the city and suburbs below!