Category neighborhood

MM Partners finds success in Brewerytown

 
I’ve written a number of posts in the past about Brewerytown being touted as one of Philadelphia’s “Next Great Neighborhoods,” but this article really shines a light on what is actually happening in/around Brewerytown.

Not only does it explain what developments have been (and are currently) taking shape in this rapidly changing neighborhood, but it also focuses on the developments of only 1 local developer known as MM Partners.

According to their website, MM Partners is a “vertically integrated real estate development, construction and management company that was formed to improve and revitalize Philadelphia’s historic Brewerytown neighborhood and to effectuate positive neighborhood change.” That’s a very accurate description.

Check it out, this article is definitely worth the read.

Also, here are some of my past posts on Brewerytown:

Momentum continues in Brewerytown

 
If you are a regular PUL reader, you’ve probably seen a few posts/articles from me in the past about Brewerytown.

Well, here’s another.

So, what makes an area a good place to buy/sell real estate? In my own professional opinion, there are a few things to look at first:

  • Demand – Is this an area that people want to move to? If so, why?
  • Appreciation – Is the supply/demand ratio high or low? Days on market (DOM) is a good indicator.
  • Residential/Commercial – Which one is moving the neighborhood forward, and why?
  • Location, location, location – Obviously.

This list could go on and on, but these are a few great things to look for when researching neighborhoods. Brewerytown is just starting to appear on Philadelphians’ radars, so be on the lookout for more news from me.

Study finds that “Cleaning & Greening” helps immensely

See for yourself.

The PHS (Pennsylvania Horticultural Society) and City of Philadelphia have found that this low-cost, high-value strategy in neighborhoods with excess amounts of vacant lots has really improved the overall quality of life among its residents.

This approach has also made neighborhoods safer. The study proves that cleaning and greening helps reduce violence, vandalism, and crime in general.