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welcome to Spring Garden

Last fall, we tipped you off about two projects under construction in the West Poplar/Spring Garden/Spring Arts neighborhood. 622 N 12th St. was the massive building with the funky bay window and parking in the front, and 1217-19 Mount Vernon St. looked like two new construction, single family homes.

622 N 12th St

1217-19 Mt Vernon

In the intervening months, both projects have wrapped up, and both are now on the market, ready for new homeowners.

622 N 12th St., built by Carmel Developments Inc., features three condo units. The two bedroom, 2.5 bathroom units range in price from $349K (for the middle unit) to $359K (for the first floor unit or the third floor unit). High end features abound, and the units are really large, with the smallest coming in at over 1600 sqft. That’ll happen on a 28′x100′ lot. There are also two parking spaces available for purchase, for $20K/each.

For some more specific info on this development, click here.

Looks better than it does above

Can't get over the size of this place. Third floor deck looks like a contemporary castle.

Meanwhile, we were way off base when we thought that 1217-19 Mount Vernon St. would be two single family homes. Turns out, it’s four condo units, and the developer is referring to them as Camac Court. The units are, like the condos around the corner, quite large, ranging in size from 1700 sqft to 2100 sqft. Each unit offers 3 bedrooms and 3 bathrooms, and prices go from $372K to $389K. Each unit comes with one designated parking space.

Looks pretty good

Who wants to redevelop the giant garage next door?

It’s a little surprising to us that developers are expecting to get condo buyers at these price points in this neighborhood. While the area is rapidly improving, it’s certainly not reached the level of, say, Northern Liberties or Graduate Hospital, where slightly smaller units can be had for similar prices. Are these developers reaching? Or are they ahead of the curve? Or will people pay a premium to have easy access to Union Transfer and the Institute?

Only time will tell.

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COMMENTS
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Posted in Spring Garden | Tagged , , , , , , , , | 3 Comments
  • Guest

    Why are Philadelphia Builders always so far behind on technology. They have been selling plywood with weather sealer already installed for at least 5 years yet everywhere you see new construction in this town there is nasty 90′s Tyvek flapping in the wind.

  • http://nakedphilly.com/spring-garden/surprising-foundation-on-fairmount-avenue/ Surprising Foundation on Fairmount Avenue | NakedPhilly

    [...] this property is, in fact, being developed privately. Carmel Developments, a company that built a condo building in the Spring Arts area that we told you about in the past, purchased these two lots for $80K about a year ago. Here’s a look at their last project in [...]

  • http://nakedphilly.com/spring-garden/another-big-project-on-the-transforming-1200-block-of-mount-vernon/ Another Big Project On the Transforming 1200 Block of Mount Vernon | NakedPhilly

    [...] year for a surprising $385K, leading us to believe that these units will be sold as condos, like Camac Court just down the street. Looking over the permits, only three of the units will apparently have parking. As for the [...]

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