Flying Kite first
shared word of
ReNewbold, a green mixed-used townhouse development at 16th and Moore Streets, back in 2011. A partnership between
LPMG and
Postgreen Homes, the complex hoped to bring modern, new-construction housing to Newbold, a neighborhood on the rise nestled between Passyunk Square to the east and Point Breeze to the north and west.
In January 2011, the team behind the project anticipated some delays, saying "groundbreaking may not happen until early summer due to zoning and permitting issues." That deadline came and went, and then, in early 2013 in another Flying Kite news story, developer John Longacre assumed they would be well under way by spring. Such is the nature of big projects in historic Philadelphia neighborhoods -- there can be some hurdles.
Now, we are thrilled to announce that ReNewbold did in fact break ground last Wednesday, October 16. They expect homeowners to start moving in in early 2014. The homes are designed to be affordable (especially within the new construction market), but they will still be some of the most expensive properties in the neighborhood. At $259,000 for a two-bedroom rowhome with 1,023 square feet, the houses should appeal to buyers looking for green amenities and modern layouts -- and those priced out of nearby Graduate Hospital and Passyunk Square.
Back in January, news editor Greg Meckstroth detailed some of the project's amenities:
Once completed, the project will boast 18 owner-occupied townhomes and one corner commercial space. It’s the first privately financed new construction residential project in the area in well over 50 years. And to top it off, it screams green.
Designed by Interface Studio Architects in conjunction with construction manager Postgreen,the homes will feature bicycle parking, green roofs, bamboo flooring, triple pane windows and on-sight stormwater mitigation practices. The designers are aiming for a 50 percent reduction in energy use from a similarly sized home.
Writer: Lee Stabert