Sunday, January 18, 2009

Fishtown Properties Moving

Fishtown is another neighborhood in Philadelphia where property continues to move in a Buyer’s Market; the absorption rate (13.5 months as of today) is among the lowest in Philadelphia. Fishtown is located just to the north and east of the Northern Liberties on the way to Northeast Philadelphia. It’s a short trip down Delaware Avenue to Dave and Busters or any of several Philly entertainment venues. It’s also perhaps the location of a future casino within the City limits.

Shackamaxon Court in Fishtown is a gated courtyard condo development right at the border to the Northern Liberties. I know them well because I spend several days a month at Open Houses there. While I am definitely biased, I think they are some of the coolest newly offered condos in Philadelphia.

The center landscaped and hardscaped courtyard, flanked by iron security gates designed by local artist Robert Phillips features a 12-foot by 6-foot water wall and additional metalwork art installations by the artist. Bob is noted for several pubic art installations throughout the city, including the dragonflies and butterflies that soar above 31st and Girard (on the other side of the Girard Street bridge from the Philadelphia Zoo) and the unique bicycle racks along Frankford Avenue. He also designed the metalwork on the façade to what was Striped Bass.

The units themselves are distinctive and feature high end finishing. The 12 one-bedroom units are priced from $155,000 to $212,000 showcase granite kitchens with stainless steel appliances, hardwood floors, in-unit laundry hook-ups, and custom tile bathrooms (some are tumbled stone, some have glass accent tiles, and some are intricate ceramic tile designs). Some of the bathrooms in the 1-bedroom units include acrylic sinks, and the 3rd floor units have vaulted ceilings, skylights and light tubes.

The six two-bedroom units have at least two full bathrooms and start at 1400 square feet, ranging from $455,000 to $650,000. The units have hardwood floors; granite kitchens with upgraded appliances, 42-inch cabinets, and custom tile backsplashes; living rooms with gas fireplaces and crown molding; tumbled stone bathrooms with cherry vanities and granite countertops. Second and third floor units include custom ironwork Juliet balconies designed by Bob Phllips. Third floor units have private 550-square-foot TimberTech roof decks with panoramic views of Center City Philadelphia and the bridges spanning the Delaware River. All 2-bedroom units include 1-car, on-site, deeded garage parking.

Shackamaxon Court is two blocks away from Johnny Brenda’s, a Fishtown institution that features locally crafted beers, high-end tavern fare, and live music several nights a week. It’s also one block to the Girard Avenue Trolley and four blocks from the Market-Frankford El stop at Girard Avenue – just a 15 minute commute to City Hall!

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