Take a look at the new Penn Rehabilitation Center on the site of the old Graduate Hospital. What's their sign say? "Rittenhouse South".
So the old Graduate Hospital designation is changing. It'll be interesting to see this evolution. But my long term investors are now buying even below Washington Avenue, including Grays Ferry and Point Breeze.
If you'd like to stay ahead of the curve, hit me up - MoveSmarter@CBPref.com
My guess is YES, Graduate Hospital will appreciate nicely. I suppose I have more idealistic hopes for neighborhoods on the fringe of Center City. Wouldn't it be fantastic if Graduate Hospital became its own district with something unique and special to offer the city. A lot can happen in the 5-10 year time span. It will be exciting to see what happens there.
Spot development seems to be the only answer.
I have a question. Where are the commercial projects and who is promoting the plan to merchants? Blatstein is successful because he manages the entire project from the breaking ground to filling the vacant retail and commercial spaces with businesses that will have a chance for success? Is that happening in Graduate Hospital?
I actually have a house plan to fill in the lots that are there which is a single 3 story cement structure that can be varied between storefront plus two units to a single family.
Once we fill in the area with good property, businesses open and restaurants start serving great food and make themselves as a destination, then the are will be great.
This is just my opinion, but it has worked in other places. Look at Northern Liberties that does not even connect directly to Center City.