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March 2018
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February 27, 2018

Plans For The Laurel At 1911 Walnut Street

Filed under: For Buyers,General Real Estate,Of Interest to Buyers,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 5:21 pm

The plan is for 54 condos, along with long- and short-term rental units located in a 48-story high-rise with retail on the first floor.  With prices starting around $2.5M, the developer (Southern Land Company) is hoping for a groundbreaking in 2019.

According to Multi-Housing News, “residents will receive white-glove amenities that include valet parking, indoor lap pool and hot tub, five-star fitness center with luxury locker room, steam room and sauna, yoga and Peloton room. A club room and terrace overlooking Rittenhouse Square will offer bar and catering kitchen, conference room and dog spa.  Residents will also be afforded use of the luxury car service, as well as the rental suite for their out-of-town guests.”

Photo Source: Southern Land Company 

Designed by Solomon Cordwell Buenz, this project aims to be Philly’s tallest residential-only building.  Their plan is to open a sales office at 1845 Walnut in the spring.

Mark Wade
BHHS Fox & Roach Realtors

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January 29, 2018

The Lyndon at The Curtis – Post By Jaime Hyman

Filed under: Center City Real Estate,General Real Estate,State of Marketplace — Center City Philadelphia Real Estate Agent @ 5:54 pm

I am a sucker for new construction, but hey let’s face it, aren’t we all? There’s nothing quite like brand new hardwood floors and a beautiful fresh kitchen. However, what really gets me going is new construction WITH some of that sought-after Philadelphia historic charm. The two combined together create an unbeatable combo and uniqueness that defines this city.

Having an office in Society Hill I am exposed to this beauty constantly. Recently, I discovered some construction across the street from my office building which perked my ears right up. I quickly came to learn that Scully Company was taking on a project to create 63 luxury rental units in the historic Curtis Building at 6th and Walnut. I toured the building in the middle of construction and was immediately hooked.

*The Terrace for The Penthouse Collection

As their extremely knowledgeable and passionate leasing agent, Molly Shapcott, always says “they didn’t cut any corners here.” The finishes compare to a brand new condominium building, along with high ceilings, original window detail and state of the art amenities.

I left the tour thrilled and had to share the news. Within days, I had a client moving from New Zealand to sign a 9-month lease (yes, they accommodated that no problem!).  Shortly after, I had another client applying for the 3 bed + den, 3.5 bath duplex penthouse unit. Since then I have had another 2 bedroom client and another 2 bed + den duplex client.

Long story short, if you are looking for a new building with the best amount of historic charm, look no further than the Lyndon At The Curtis. Please let me know if you have interest in checking this amazing building out. I pretty much go on a weekly basis to check on the progress along with visit the friendly leasing staff! Feel free to come along with me next time I go. 🙂

Click here to learn more about the rental market in Center City Philadelphia.

Jaime Hyman
Berkshire Hathaway Home Services | Fox and Roach Realtors®
530 Walnut Street, Suite 480  |  Philadelphia, PA 19106
Email:  |  Cell: 610.613.1297 |

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January 16, 2018

The Philadelphia Loft District’s Rail Park – Phase One

Filed under: Center City Real Estate,General Real Estate,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 4:51 pm

Construction of Phase One of Philadelphia’s exciting new Rail Park is quickly progressing! This 1/4 mile section of the Park is a wonderful addition to the Loft District. Much like the addition of the Schuylkill River Trail, Philadelphians will no doubt make great use of this new outdoor space. It will be a great place for engaging programs featuring arts, education, culture, health, and wellness.  This is a wonderful way to get city dwellers out into green spaces!

Photo Courtesy of

Phase One will run from 11th and Callowhill to Broad and Noble Streets and will have gathering places, seating, swings, and amazing skyline views!  Learn more about The Loft District Neighborhood here.

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January 9, 2018

Philly Home Show This Weekend!

Filed under: Center City Real Estate,General Real Estate,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 5:21 pm

The Philly Home Show will be at The Convention Center this weekend. This year there will be a City Studios feature showcasing three looks from area designers that will focus on making the most of small spaces in creative ways – could be useful for anyone living in, say, a Rittenhouse Square condo with a lovely view.

Closets by Design will have an interactive social media challenge where you can try to organize a closet in under 2 minutes. And for all the animal lovers out there, Providence Animal Center will be there to share some design ideas for your pets.

You can get tickets here: Philly Home Show Tickets.

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January 3, 2018

Please Be Aware of Wire Fraud Schemes in Real Estate

Filed under: For Buyers,For Sellers,General Real Estate — Center City Philadelphia Real Estate Agent @ 3:29 pm

Wire fraud has hit a number of buyers!

Realtors are getting new alerts every day warning us about the wire fraud that seems to be hitting the real estate industry pretty hard.

Here’s a tip – don’t wire me any *&#%$*# money!

Watch this video on how NOT to be a victim:

Wire Fraud Alert For Buyers From The National Association of Realtors.

If I still haven’t convinced you, check out these examples here: Couple Scammed Out of $91,000 in Real Estate Hoax, here: Scammers Stealing Down Payments and here: Cyber Swindle.

Lastly, please read this: BHHS Fox & Roach Realtors Anti-Fraud Disclosure.

Buying a new condo or home should be an exciting time.  Don’t let some @$$hole hacker ruin it for you!

Mark Wade
BHHS Fox & Roach Realtors

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January 2, 2018

Do I Need Title Insurance for My Philly Condo?

Filed under: General Real Estate,Of Interest to Buyers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 3:56 pm

Absolutely! Check out this video from Trident Land Transfer for more info.

What is Title Insurance?

Here are a just a few scenarios you could encounter without the protection of title insurance:

– Forgery or fraud in connection with the execution of previously recorded documents
– Incorrect representation of marital status of grantors
– Undisclosed or missing heirs
– Wills that have not been properly probated
– Mistaken interpretation of wills and trusts
– Incorrect legal descriptions
– Unsatisfied mortgages, liens, or judgments not shown on the record
– Deeds executed under expired or false powers of attorney
– Confusion due to similar or identical names
– Unknown rights of ex-spouses or former owners
– Clerical errors in recording legal documents
– Incorrect filing of condominium declarations.

Some of these things may sound crazy. However, in my 29 years of selling Philadelphia Real Estate, I have come across more than a few of the above situations.

Email us if you have any questions about purchasing title insurance or any of the other steps involved in the home-buying process.

Happy New Year!

Mark Wade
BHHS | Fox & Roach Realtors

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November 7, 2017

More New Condos Coming to Graduate Hospital

Filed under: For Buyers,General Real Estate,Of Interest to Buyers,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 5:07 pm

Graduate Hospital has been a really hot growth area for new construction townhouses and condo developments! Just south of Rittenhouse Square, you will find this hotbed of new construction here in Center City. The City’s tax abatement program has really helped this area grow. Easy access to the Square, restaurants, and shopping make the Graduate Hospital area a real attraction to buyers. The new Bloc 23 project and 2400 South condo projects are the latest additions to the area.

A 15-unit project, Ravello Philly, is set for the 14xx block of Clymer Street…a small block nestled between Broad and 15th, Fitzwater and Catharine. According to Curbed Philly,  “The development will include five three-unit buildings with dark brick facades in front and aluminum paneling in the back. In total, there will be 10 three-bedroom, bi-level units clocking in at about 1,800 square feet. There will be another five one-bedroom units about half that size. Each unit will have outdoor space, too.” [Read More Here…]

Mark Wade
BHHS Fox & Roach Realtors
530 Walnut St. #480 Phila., PA 19106

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November 6, 2017

Common Home Inspection Issues That I See in Philadelphia Lofts and Condos Every Week….

Filed under: For Sellers,General Real Estate,Of Interest To Sellers — Center City Philadelphia Real Estate Agent @ 1:34 pm

So, you have decided to load up the truck and move to ‘beverly, eh? Please know that before you go, you are probably going to get busted by your buyer’s home inspector for a number of issues. Here are the most common issues that I see sellers neglect when they sell their Philly condo:

1)  Your air filter to your heating and air conditioning system needs replacing. It is old…super old…and has been restricting flow to your HVAC system, or it is improperly sized, or even non-existent. I see this ALL the time. Go to the Home Depot, and spend the $25 to remedy this….Now.


2) There is a missing TPRV on your hot water tank. This is another “under $25” fix. Again, go to Home Depot, and look in the plumbing section for a Temperature Pressure Relief Valve. Simply put, it is an “L” shaped thick metal pipe that measures about 1’ by 4’ and directs hot water down and away from anyone standing nearby, should the pressure relief valve open on its own.



 3) There are double taps, and under/oversized breakers in your electrical panel box. I don’t really know what that means. I do know that it means you should call an electrician and have your electrical system looked over and remedied. Again, happens in a good percentage of the past 2000+ home inspections I have seen in my career.

4) Missing grout, or worn grout, and /or caulk in the shower and tub. Another $20 fix in most cases. This is preventive maintenance stuff here, and you will get called on it, if applicable.

5) Water stains on your ceiling. You need to fix the cause of the leak- and more often than not in Philadelphia condos, it is caused from a leaking bathroom above (should you NOT be living on the top floor, perhaps).

Now clearly, there is a possibility that none of these issues apply to you, but I would have to say that these are the most common issues cited by home inspectors in the 29 years I have been selling condos in Philadelphia.

So, when you are ready to add your condo “Just Listed” site, give me a call at 215.521.1523 or drop me an email at  We can talk about the possibility of some of these issues before the home inspection takes place, this way your potential buyer won’t nag you with the small stuff!

Mark Wade
BHHS Fox and Roach REALTORS®
530 Walnut St., Suite 480 Philadelphia, PA 19106

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October 16, 2017

Rehab Loans Are Back, Baby!

Filed under: For Buyers,General Real Estate,Of Interest to Buyers,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 3:47 pm

A Renovation Mortgage allows home buyers to finance renovations as opposed to having to pay cash out of pocket for upgrading their recent purchase. If you’re looking for a condo that needs a lot of work after closing, this loan program can provide the funds for renovations and repairs for a primary residence or for investment properties by using the “after improved value” with a single loan at closing.

For more info on FHA 203K or Homestyle Renovation Loans, click the following links for a breakdown of each program’s details from Jason Griesser at Guaranteed Rate and Jeremy Durkin at Trident Mortgage.

This is rare! I haven’t seen these loans in YEARS.

If a rehab loan sounds right for you, please call me, send smoke signals…whatever works best for you.

Mark Wade
BHHS Fox & Roach Realtors

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October 4, 2017

How Do Philly Condo Assessments Affect Demand and Value?

Filed under: For Buyers,For Sellers,General Real Estate,Real Estate: Condominiums,State of Marketplace — Center City Philadelphia Real Estate Agent @ 1:11 pm

Now that is the million dollar question!

Automobiles, clothes, and condos all need maintenance to look and perform their best. Assessments imposed on owners of given buildings are used to make capital improvements and are a necessary evil.  How might that affect value?

I think in the short term, an assessment can lower demand for a building. Who the hell wants to pay for some electric behind a wall or an elevator motor which they are never going to see? (Uh, no one.) Though assessments to fix up interior hallways, and maybe a lobby, are much easier to swallow.  In the long run, assessments can be the best thing to ever happen to a building as the costs of the capital improvements are overshadowed by the long-term value growth.
Rivers Edge Condos

Look no farther than 2301 Cherry St. (River’s Edge) as an example of that argument. When the assessments were first implemented, the demand dropped because no new buyer wanted to pay for the needed improvements. But today…the money spent is bouncing the value of each unit MUCH higher than individual unit’s assessments. It’s not a hard equation to figure out.  And the new lobby at the Academy House? C’mon… you can’t tell me that the individual unit owner cost to do that lobby wasn’t worth it…The value added was huge….

So yes, assessments suck in the short term but are very beneficial in the long run in terms of value and demand.

(ps – YES, per the agreement of sale- any assessments that have been approved must be disclosed to a buyer.)

Mark Wade
BHHS Fox & Roach Realtors

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Philadelphia, PA 19106
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