Westrum Development Co., which was a pioneer when it
developed Brewerytown Square in Philadelphia, is at it again.
After taking a hiatus during the recession, the developer is
planning to construct a roughly $10 million apartment community called 31
Brewerytown on an acre at N. 31st Street at West Thompson Street. The site is
bordered by Fairmount Park.
It will have two four-story buildings and a total of 64
units. The apartments will range from 662 square feet to 1,225 square feet and
monthly rents will start at $1,200. Some will have garages. Construction will
start next week.
“The Brewerytown area is an up-and-coming neighborhood in
the city of Philadelphia,” said John Westrum, CEO of Westrum Development. “We felt
that it is was not time before to do a project — but now it is time. There has
been a lot of investment by others in that neighborhood that has made the area
a much more desirable place.”
Brewerytown Square was the first part of a master plan that
Westrum created for land the company had accumulated in the neighborhood. That
144-unit project was constructed and sold between 2006 and 2010. During the
recession, Westrum sold some of his land in Brewerytown for the construction of
new Bottom Dollar. That was originally going to be a site for 150 townhouses or
condominiums but, again, the recession forced the developer to change plans.
“Now we are cranking this up again,” Westrum said.
Source: Philadelphia
Business Journal
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