Huge Development Southwest Philly

[Dan Powers]

Southwest Philly is about to see a huge change occur immediately in the next 2-3 years and significantly in the next 5+ years with two major development plans in place and already starting to take form. The development of 6901 Elmwood Ave. which has been vacant for more than 20 years will soon be home to a 140,000 sqft. Amazon distribution warehouse. This will supply the area with tons of new jobs starting at $15/hr + benefits and surely increase demand for homes in the surrounding area.

Next is the massive redevelopment project by the Hilco Group known as "The Bellwether District". This project consists of 1300 acres being turned into a future hub for logistics, e-commerce and life sciences, set to generate as many as 19,000 jobs in Southwest Philadelphia over the next 15 years. With the site covering both sides of the lower Schuylkill River near Passyunk Ave.

With both of these projects soon coming to light its going to be interesting to see the demand increase throughout Southwest Philly. This area has already seen a huge appreciation spike over covid times, and with these projects in the works it certainly isn't going to slow down.

Here are links to the articles:

https://www.phillyvoice.com/am...

https://www.phillyvoice.com/ph...

[Dan Powers]

@Eric Greenberg@Samantha Pancoast @Rich O'Neill, yeah super exciting stuff with the Amazon warehouse being the more immediate of the two projects. Southwest has traditionally been 2-3 years behind the values you typically see in West Philly from an ARV standpoint, but with this development coming it'll be quite interesting to see the acceleration in appreciation from this.