New Construction Workforce Housing Coming to East Poplar

Posted on Nov 02, 2016

Now available to purchase through Houwzer

As part of City Council President Darrell Clarke’s and the Philadelphia Redevelopment Authority (“PRA”) initiative to provide workforce housing, BMK Properties is proud to present for sale thirteen (13) NEW CONSTRUCTION SINGLE FAMILY HOMES located at 942, 948, 950, 962, 981, 983, 985, 987, 993, 995, 998, 1010 and 1012 North Marshall Street in Philadelphia’s East Poplar neighborhood. Developers and Managing Partners Lawrence McKnight and Mo Rushdy from BMK Properties, a subsidiary of the River Wards Group, will provide design vision and upscale specifications. BMK Properties has elected Houwzer, Philadelphia-based free seller listing brokerage, to list the homes.

“This project is a great example of how the private sector, housing agencies, and City Council, can work together to provide new construction homes in destination neighborhoods for hard working Philadelphians,” said Mo Rushdy of BMK Properties.

“I grew up with parents who dedicated their lives serving the city as a Philly cop and a school teacher. So I am fully aware of the struggles that hard working class people go through in order to provide high quality housing for their families,” said Lawrence McKnight of BMK properties. “Ever since we started this company we have wanted to give back to those people who make our communities great. This program allows us to express our gratitude and provide future generations of Philadelphians high quality homes to live in.”

Workforce Housing is designed to provide affordable homes for median-income earners. Eligible buyers can not exceed 120% of the area-wide median. This project will increase the availability of affordable housing in close proximity to Center City and other destination neighborhoods.

A groundbreaking ceremony was held on November 2, 2016 with special guests Council President Clarke, BMK Properties (Riverward Group), PRA and Meridian Bank (Financing Bank).

The New Construction Marshall Street houses will have the following specifications:

  • Range between 1,100 to 1,200 square feet
  • Mix of 2-story and 3-story with large rear yards
  • Minimum of three (3) bedrooms
  • 92% energy efficient HVAC systems and hot water heaters
  • Energy Star stainless steel kitchen appliances
  • BUYER SELECTIONS OF: modern “shaker” style cabinets, granite countertops, hardwood throughout 1 st floor and hallways, carpet in bedrooms, tiled bathrooms
  • Street tree (where allowable)
  • Full 1-year Builder guarantee
  • 10 year tax abatement (applied for)

Unique mortgage options will be available by Meridian Bank for the purchasers of the units. All units are priced at $229,999 and are available for purchase.


Recent Articles

 Should You Renovate Before Selling Your Home? The Definitive Guide

Should You Renovate Before Selling Your Home? The Definitive Guide

Posted on May 27, 2020

When it comes time to sell, many homeowners wonder: can I get more money for my house, if I renovate it first? Homeowners are aware that buyers gravitate toward features like contemporary bathrooms, and kitchens with energy-efficient appliances. 

Selling your home after COVID-19? Here’s how to prepare and save thousands

Selling your home after COVID-19? Here’s how to prepare and save thousands

Posted on May 12, 2020

The spring real estate market was supposed to be hot. Months of extremely low inventory, combined with high demand, led to a shortage in available homes. But just as sellers were starting to come around, COVID-19 threw the world off kilter and the spring market grounded to a halt. 

May 2020 Housing Market Outlook

May 2020 Housing Market Outlook

Posted on May 01, 2020

Each month we are posting an updated Market Outlook based on the questions we receive from clients, employees, and investors about the implications for the housing and mortgage markets in which we are active (read April's Outlook here).