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Old City

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Feature image via gfisher.blogspot.com

Housing Snapshot

With a 3.3% increase in home prices in the 2nd Quarter of 2015 according to a recent report, the popularity of Old City has been steadily increasing.  With the explosion of millennials moving into the city over the last few years, many have migrated towards the eastern block of downtown from city hall towards the Delaware River.  This section of the city also happens to be the hub of tourist attractions including the Liberty Bell and Independence Hall. Projects here include a new $25 million tech building, a $575 million overhaul of the Gallery at Market East as well the 4.3 acre- $230 million East Market project.  The flurry construction also includes more mixed-use buildings as well as new attractions for local residents to enjoy. Although, this area of the city has tons of older homes with plenty of charm, an increase in more modern homes, lofts and rehabs can be found here as well, giving Old City a healthy mix of residential inventory for prospective buyers.

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Neighborhood Credit Report

[/fusion_text][checklist icon=”fa-male” iconcolor=”#000000″ circle=”” circlecolor=”#ffffff” size=”25px” class=”” id=””][li_item icon=””][/li_item][/checklist][progress percentage=”98″ unit=”%” filledcolor=”#66b4c4″ unfilledcolor=”#8e8e8e” striped=”no” animated_stripes=”no” textcolor=”” class=”” id=””]Walkability[/progress][checklist icon=”fa-taxi” iconcolor=”#000000″ circle=”” circlecolor=”#ffffff” size=”25px” class=”” id=””][li_item icon=””][/li_item][/checklist][progress percentage=”97″ unit=”%” filledcolor=”#66b4c4″ unfilledcolor=”#8e8e8e” striped=”no” animated_stripes=”no” textcolor=”” class=”” id=””]Transit[/progress][checklist icon=”fa-bicycle” iconcolor=”#000000″ circle=”” circlecolor=”#ffffff” size=”25px” class=”” id=””][li_item icon=””][/li_item][/checklist][progress percentage=”96″ unit=”%” filledcolor=”#66b4c4″ unfilledcolor=”#8e8e8e” striped=”no” animated_stripes=”no” textcolor=”” class=”” id=””]Transit[/progress][checklist icon=”fa-spoon” iconcolor=”#000000″ circle=”” circlecolor=”#ffffff” size=”25px” class=”” id=””][li_item icon=””][/li_item][/checklist][progress percentage=”97″ unit=”%” filledcolor=”#66b4c4″ unfilledcolor=”#8e8e8e” striped=”no” animated_stripes=”no” textcolor=”” class=”” id=””]Food/Bar Scene[/progress][checklist icon=”fa-shopping-cart” iconcolor=”#000000″ circle=”” circlecolor=”#ffffff” size=”25px” class=”” id=””][li_item icon=””][/li_item][/checklist][progress percentage=”65″ unit=”%” filledcolor=”#66b4c4″ unfilledcolor=”#8e8e8e” striped=”no” animated_stripes=”no” textcolor=”” class=”” id=””]Shopping[/progress][/one_half][separator style_type=”single” top_margin=”” bottom_margin=”” sep_color=”#000000″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””][one_full last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][fusion_text]

The Vibe

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 For Quite some time has been known for two things, the tourist attractions and nightlife. Between the two, thousands are drawn to Old City every week making this section of town bustling. Street festivals such as Old City Fest (http://www.oldcitydistrict.org/special-events/old-city-fest) and Wawa Welcome America (http://www.welcomeamerica.com/ ) create a festive vibe along the commercial and historical strips while lowkey events such as First Fridays activity (http://oldcitydistrict.org/events?tag=first%20friday) bring local art lovers together. It’s safe to say this is one of the livelier parts of town and it looks like it’s been gaining in popularity with the redevelopment of the Market East corridor. Look for Old City to be the cultural, entertainment and financial hub in the next few years.

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The Perks

Living and working in Old City definitely has more than its fair share of perks.  Not only are you in the middle of the action of nightlife and historical landmarks but also walking distance to Center City, Northern Liberties, Society Hill and South St. Its central location is ideal for those that enjoy walking and biking.  If driving is your preferred method of transportation, Old City hugs the 95 corridor as well as Delaware Ave.  for an easy commute in and around town.

However, we believe most of the traveling will be done by yours guests.  Living in the birth place of America will no doubt entice family and friends to visit.  In fact almost 40 million people visited Philadelphia last year alone and a large majority of those visitors were here to see the historical landmarks and attractions. The very same places that attract this sizable crowd are in your backyard.

Services such as gyms, salons and wellness centers are in abundance in this neighborhood to give you the sense that luxury tower amenities are always at your finger tips.

Last but not least is the entertainment.  The Arden Theatre on 2nd St. provides quality live shows for those that enjoy the arts.

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The Food/Drink Scene

Image via Philapark.org

Image via Philapark.org

Philadelphia is a great food town. More and more eateries are popping up all over the city to rave reviews. For quite some time Old City was lagging in keeping up with other areas such as Center City, Northern Liberties and Fishtown. However, in recent years Old City has emerged as a culinary force to be reckoned with.
Restaurateur Jose Garces saw the shift and has set out to revitalize the historic Book Binders. Along Chestnut St. you’ll find vibrant and hip places such as Zento which serves up some of the best sushi in town. Right down the street discover the eccentric Lucha Cartel and their awesomely good Mexican Cuisine. Not to mention old favorites such as highly regarded Pasitano Coast and Buddakan.
Old City has become a food bizarre that showcases some of the best and brightest Chefs in Philadelphia. With a large non-chain restaurant presence this pocket of the city that once was the heartbeat of nightlife now has its pulse on the Philadelphia food scene. This is a food loving town, and Old City is a foodie’s paradise.
The drink scene here is just as impressive. Although the nightlife has shifted from boutique clubs to lounges and restaurant bars, there are plenty of great options here. Irish bars such as Plough and Stars, lounges such as Infusion and traditional bars such as Nick’s Roast Beef make the drink scene here eclectic.[/fusion_text][/one_full]

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