The New Rail Park Opens in June. Will it Boost Local Real Estate?
Drive along Spring Garden between 12th and 10th and you’ll see the elevated railroad that the Center City District Parks have been converting into a new green space. The new Rail Park was slated to open in February but due to issues with structural integrity the opening has been pushed to June 14th.
The park will stretch a quarter mile from Callowhill to North Broad St & Noble and will house beer gardens, entertainment, and oversized swings. The park cuts between the Spring Garden neighborhood and The Loft District. Both areas have attracted home buyers due to its proximity to Center City, especially Chinatown. However, both neighborhoods have been lacking a draw or attraction.
The new Rail Park will surely bring a boom to this area and bring a surge of construction and renovations. Time to buy? You betcha’. This area is a great place to look for a condo or investment property. With public transportation near by, it is easy to get to and already has great restaurants and coffee shops popping up nearby. Check out all of the details to the Rail Park in the video below.