Contact: Jamila Davis, PRA, 215-686-9727
For Immediate Release: April 18, 2017
PRA ANNOUNCES DEVELOPER FOR OSAGE PINE PROJECT
PHILADELPHIA, PA-April 18, 2017-The Philadelphia Redevelopment Authority (PRA) announces AJR Endeavors, LLC to develop and restore housing on the 6200 blocks of Osage Avenue and Pine Street in the Cobbs Creek section of Philadelphia.
There were two submissions to the Request for Proposal (RFP) that PRA placed in December of 2016. After reviewing the proposals, PRA selected the team led by AJR Endeavors, LLC. AJR has a strong track record and experience working in Philadelphia communities.
AJR has successfully developed a significant number of projects in West Philadelphia. This project will rehabilitate all 36 properties for homeownership within 18-24 months of starting construction.
“The AJR team has experience renovating and selling homes in Philadelphia, the financing and capacity to do this project the right way—with a high standard of work, and with sensitivity to the neighbors and community,” said Greg Heller, Executive Director of PRA. “The PRA will work closely with Councilwoman Blackwell’s office and the development team to make sure that the community is engaged throughout the development process.”
“PRA, City Council, and city officials understand the tragic events that took place on the blocks of Osage and Pine,” said Councilwoman Jannie Blackwell. “We needed a developer who is sensitive to the complexities of the project and the community dynamics. Restoring these homes is a difficult task, but it is the right one, and the one the community wanted. We will continue to work together throughout this process.”
“This is not an easy project by any stretch of the imagination, but we are going to do it right,” said AJR Endeavors, LLC. “We owe it to the residents of this community so that we can all finally move on from the events of the past that have left a scar on this neighborhood for too long.”
“I am looking forward to the next chapter of Osage and Pine,” said Mayor Jim Kenney. “New homeowners can join this strong community to create their own part of history. The City, PRA, and the Councilwoman support the developer’s community engagement commitment, and we will work together to keep residents informed as the development progresses.”
The total development cost is about $3.2 million. This project qualifies for the PRA’s Fine Art program that requires developers to contribute one percent of their project costs to a public work of art.