A Northeast Philadelphia parcel with approved development plans has been sold to a New York-based firm for $4 million. Paramount Realty, based in Lakewood, New Jersey, sold the property at 5501 Whitaker Ave. to an entity affiliated with Brooklyn’s Asset Realty and Construction Group, according to Philadelphia property records. The triangular lot is adjacent to… Read more »
A proposed mixed-income housing development, including a grocery store and community health center, is planned near the Frankford Transportation Center in Northeast Philadelphia. The Frankford Community Development Corp. aims to construct a five-story, 132-unit building at 5129-35 Frankford Ave., close to the last stop on the Market-Frankford Line. This development will feature 60 affordable housing… Read more »
