drbubb Posted August 9, 2016 Report Share Posted August 9, 2016 Rejuvenating Areas (originally gentrifying Clusters) - suggestions from BillHK (received by email) I have identified a number of Gentrifying clusters (or strips) that roughly lie on the inner edge or outer edge of the "doughnut of death" (of course it's not really round due to geography like the rivers, and due to transport infrastructure). Alleghany Ave should be on the outer edge of the doughnut and has good transport with its own commercial cluster at Allegheny Station on Kensington Ave. Many key pieces seem to be in place, but I haven't seen much signs of things taking off or good grassroots local community involvement. There's the Walgreens and pizza shops, but they are mainly surrounded by appliance, furniture, and auto repair type stores instead of more innovative F&B, or services. Some other clusters that I'm keeping an eye out for are : - Mantua (but prices are already too high, and the opportunity now is more for developers rather than rehabbers) Parkside (from W Girard then up Parkside Ave all the way to 52nd St) Cobbs Creek (Mainly along 60th Street from Spruce to Arch, and along Market from the 60th St Station to the 63rd St Station, and then a bit around the Station along 63rd St). Although all the areas around Parks tend to get a bit of a boost and are already more expensive anyways. I like all of South Philly, but XXX doesn't have anything down there (even the one Grey's Ferry is priced way too high. Only 9% and it's a small and ugly looking duplex!) I think that you may be on to something with Wayne Junction, but there're not enough good retail shops there to really benefit from Gentrification yet. Therefore in that area, I would prefer to be closer to LaSalle U, than the train station. (I should really have bought that place across from the JW's) I think that the Feltonville commercial hub area has potential, but I need to investigate this more. Across from it, there has been some news about the Logan Triangle, and houses around there seem to be a bit higher priced than one would expect considering the history and recent usage of the Logan Triangle. There's more, but it all gets a bit pricey and suburban, so I won't go into it except to say that if I were to live there, it would most likely be in the Manayunk/Wissahickon area, or right in Center City / University City. == > (received by email) Link to comment Share on other sites More sharing options...
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