OCF Realty

A lot of changes have taken place near 2nd & Vine, as 2nd Street continues to develop between the upper reaches of Old City and the start of the Northern Liberties corridor past Spring Garden St. to the north. Conchetta Park shows us the site of a former gas station at 2nd & Vine St. This is now an OCF Realty development, with 11 new construction, luxury townhomes. From Naked Philly, a Philadelphia development blog by OCF Realty. #realestatedevelopment #phillyrealestate

OCF Realty Commercial is proud to present 5235 Chestnut Street, an entitled development site for a transit-oriented, 204-unit multifamily development in the heart of West Philadelphia, located within a Qualified Opportunity Zone. This development will be a game-changer for this part of West Philadelphia, offering new apartment units in a high-demand area of the city, with easy access to transit and access to the historic 52nd Street Commercial Corridor, known as “West Philadelphia’s Main Street”. This exciting offering is a great opportunity for developers and investors to build a first-class apartment development on a long-vacant parcel. The property comes with approved zoning permits and plans and is ready for the right builder to get started and bring this part of West Philadelphia into its next exciting chapter! Listing Link:: https://lnkd.in/eDs67i3k

The future hub of real estate activity in Philadelphia✨ Let’s take a tour with Dennis through the future office of OCF Realty. We’re extensively restoring and redeveloping this enormous building on 23rd and Washington in South Philly. Stay tuned! #phillyrealestate #newoffice

EVERY SALE AS A STORY!!!!! Congrats are in order for my buyer clients who purchased this beautifully restored 1820 home in Rittenhouse "proper" in Philadelphia. What started off as "casually looking" ended up being divine perfect timing as we closed on this home last month. This couple out grew their current home as they wanted to grow their family and needed larger space and a "forever" home, a home they could grow in to over the years. I am so proud of this couple for holding it together through this transaction. Although it was smooth, many life events quickly started happening that would make any transaction difficult to respond and participate. I have said it before and will say it again, I love what I do. It is very important the agent you pick to go on this journey of real estate. Make sure they actually care about you and want the absolute best for you. Resources, market knowledge and experience are nothing if a person doesn't care enough to use them and just wants to get things done and over with. #philadelphiarealestate #realtor #realestatemarket #philadelphia

Going back many years, the Point Breeze Theater stood, in part, on this lot. This building was built in 1911 and demoed sometime in the middle of the 20th century. Now there’s a 57-unit, 100% residential apartment building here. Read more on this project on our Naked Philly blog! JKRP Architects #phillydevelopment #phillyrealestate

Here's an inside look at our development in Northern Liberties. Eric Gerchberg gives us an update 1031 Germantown Avenue. This OCF Realty development will see 36 townhomes built in 2 phases on the former site of Vesper Day Club. We will update you as the site progresses! #northernliberties #phillyrealestate

Shout out to Katie Burke for coming to Philly to investigate whether national headlines about Philly's presumed "underperforming" office market are true. The verdict? It's fake news. "Kastle Systems" has been persistently cited to track office recovery, yet their market share varies greatly across their U.S. markets. If you have a 20% market share in Market X and directly compare it to an 80% market share in Market Y, that does 𝗻𝗼𝘁 produce accurate reporting. Their reporting is misleading and doesn't capture Philly's actual story. Costar's leasing, vacancy, and housing, and Placer.ai pedestrian data tell a more comprehensive story. In fact, Philadelphia's office vacancy rate is 300bps below the national average. 𝗔 𝗳𝗲𝘄 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • Of the top 20 U.S. metros, Philadelphia has the 4th 𝘭𝘰𝘸𝘦𝘴𝘵 availability rate, trailing only Saint Louis, Baltimore, and Minneapolis. • Developers have delivered 1,600 new apartment units in the Rittenhouse/Logan neighborhoods (the "CBD") since 2021, and 1,440 have already been leased. Renter demand is absolutely there and has been growing. • A walking tour of Philly's downtown tells a more accurate story than inaccurate data reporting. Katie does a great job covering this from a "boots on the ground" perspective, layered with local insights from Center City District, Brandywine Realty Trust, and OCF Realty. https://lnkd.in/eJ9CbrWA

Viewing the progress from 22nd & Washington Avenue where we will soon see 247 units, Aldi, and a CVS. Next up is cladding for the exterior, finish work on the apartments, and fit out for the commercial spaces. #graduatehospital #phillydevelopment

You can read the best Real Estate blog in Philadelphia at nakedphilly.com, AND join the nearly 30k others following us on Instagram @naked.philly Jack O'Brien #phillyrealestate #philadelphia

A 🌟BIG🌟 thank you to everyone who joined us at Cypress Commons last Thursday for our Golden Hour Gathering! Fine wine, cocktails, incredible people, and golden rooftop sunsets; the evening was magical. This was an exclusive look at our newest and most prominent development of 9 luxury townhomes in Washington Square West. If you would like more information on the property, please reach out to Dava Costello #phillyrealestate #phillyrealtor #realestate #luxuryrealestate