As is our tradition, we were lost in Fishtown the other day, and we stumbled upon this large, partially demolished building at 412-24 Moyer St.
An older, less demoed view of the same building
The building was purchased by Moyer Street Associates for $350K back in 2008, and is currently listed for sale for $925K (!). It sits on a huge lot that’s 115′ wide by 100′ deep and was most recently used as a repossession yard for cars. A couple of years ago, the owners proposed demolishing the buildings on this site and replacing them with fourteen new constructions residential units. The ZBA approved plans to build six duplexes and two single family homes, all with parking. Upon appeal, this approval was overturned at the state level a little more than a year ago.
We assume that the owners of the property, who unsuccessfully attempted to rent it out last spring, have given up on trying to redevelop the site and would like for someone else to take a crack at it. At that price, we don’t think it’s gonna happen any time soon. Hopefully, the price will come down and a new developer will come in with a plan that the community will be able to get behind.
Meanwhile, does anybody know what went wrong with the proposal from 2008? We’d have guessed that the neighborhood would have welcomed some new residential development to replace this eyesore. Who can shed some light on this one?