BMK Properties, LLC
BMK Properties, LLC (Mo Rushdy, Lawrence McKnight)
29 housing units sold, across 29 properties · Council District 1 · BMK Properties, LLC
What is missing from the record
Steps with no date on record, or that the record shows were stopped. A step that is not on record may still have happened.
- Deed into the Land BankPartly done
On record for 97% of the properties; the rest are not on record yet.
Where this project stands
Five steps, from the Board agenda to the closing. A disposition is the sale or transfer of a Land Bank property. The Council step is City Council's approval of the sale, which comes after the Board's approval.
- 1. On a Board agendaDoneDec 8, 2020
- 2. Board approvalDoneDec 8, 2020
- 3. Council approval of the dispositionDoneSep 30, 2021 to Nov 3, 2022
- 4. Deed into the Land BankPartly doneNov 18, 2021 to May 3, 202397% of properties
- 5. ClosingDoneApr 4, 2023
Board hearings
One row for each Board hearing where this project was on the agenda. Fewer than six approving votes means no decision was reached; it is not a denial. Speakers and letters are public comments on the item.
| Date | Agenda item | Outcome | Vote as recorded | Public speakers | Letters |
|---|---|---|---|---|---|
| Dec 8, 2020 | 5.C | Approved | not stated | 2 | 0 |
| Oct 11, 2022 | IV.B(1) | Approved | unanimous | 0 | 0 |
| May 14, 2024 | IV.C.1 | Approved | unanimous | 2 | 0 |
City Council
City Council resolutions that name this project's properties, from Council's Legistar records. Earlier resolutions often moved the lots into the Land Bank; they are not Council's approval of this sale (step 3 above).
| Resolution | Sponsor | Status | Introduced | Adopted |
|---|---|---|---|---|
| 200508 | Councilmember Squilla | adopted | Sep 24, 2020 | Oct 1, 2020 |
| 200532 | Councilmember Squilla | adopted | Oct 1, 2020 | Oct 8, 2020 |
Board approval withdrawn: the sale went to City Council, was placed on file, and no resolution was introduced.
Placed on file Nov 21, 2024. First reported Mar 11, 2025 in the Board packets. The record does not say why no resolution was introduced.
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| BMK Properties, LLC | Apr 4, 2023 | $60,000 | $1,030,000 | 29 | 210760;220888 |
Days from the first Board approval to each closing: 847.
People and organizations
- Applicant
- BMK Properties, LLC
- Council resolutions naming these properties, sponsored by
- Mark Squilla (resolutions 200508, 200532)
Public comment
A position is counted only where the person stated one at a hearing or in a letter. Letters read aloud at a meeting are staff summaries, not the writer's own words. Officials and people speaking for an organization are named; residents who spoke for themselves are counted, not named.
Across all hearings: 4 public speakers and 0 letters, with 2 statements of support and 0 of opposition.
| Named commenters (3 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Jihad Ali | support | |
| Mo Rushdy | support | BMK Properties, LLC |
| Patricia DeCarlo | neutral |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 12 shown.
2, 2044, 2047, 2050, 2052, 2056, 2058, 2060, 2062, 2066, 2068, 2201-29 E. William Street and 2306 Collins Street to BMK Properties, LLC (CD 1) Mr. Rodriguez presented the proposed conveyance of 2037, 2038, 2039, 2040, 2042, 2044, 2047, 2050, 2052, 2056, 2058, 2060, 2062, 2066, 2068, 2201-29 E. William Street and 2306 Collins Street to BMK Properties, LLC, for the development of mixed-income affordable housing. The proposal was unsolicited and was scored pursuant to the disposition policy in effect as of January 1, 2020. The developer plans to construct 29 homeownership units, 15 of which will…
Minutes · Dec 8, 2020, item 5.C · packet p. 8 · PLB Board Package for 1.12.2021 Board Meeting.pdf
Agenda · Dec 8, 2020, item 5.C · packet p. 2 · 2020.12.08 Philadelphia Land Bank Board Package.pdf
IV.B. Amendment to Approved Disposition (1) Mr. Lawrence asked the Board to authorize changes to the disposition to BMK Properties, LLC approved by Resolution 2020-25, adopted by the Board on December 8, 2020, for a homeownership project selling thirteen homes at or below 120% of Area Median Income (“AMI”), two homes at or below 80% of AMI, and fourteen homes at market rate. The developer requested that the income eligibility limit for the 120% AMI homeownership units be reduced to 100% of AMI, which would allow purchasers to apply for the Turn The Key program subsidy, and that the maximum sal…
Minutes · Oct 11, 2022, item IV.B(1) · packet p. 7 · PLB Board Package for 11.15.2022 Board Meeting.pdf
Agenda · Oct 11, 2022, item IV.B(1) · packet p. 1 · PLB Board Package for 10.11.2022 Board Meeting.pdf
… of twenty-nine (29) single-family homes by BMK Properties, LLC. The properties, 2037, 2039, 2047, 2050 and 2052 E. William Street in the 1st Council District, were already conveyed to the developer. PLB Board of Directors DRAFT Meeting Minutes for May 14, 2024 Page 3 of 47 Philadelphia Land Bank Board Meeting Package for June 11, 2024 Page 7 of 89
Minutes · May 14, 2024, item IV.C.1 · packet p. 7 · PLB Board Package for 6.11.2024 Board Meeting.pdf
Agenda · May 14, 2024, item IV.C.1 · packet p. 2 · PLB Board Package for 5.14.2024 Board Meeting.pdf
Properties (29)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 2037 E WILLIAM ST | 252073101 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2038 E WILLIAM ST | 252066401 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2039 E WILLIAM ST | 252073200 | Closed | Nov 18, 2021 | Apr 4, 2023 | RDA |
| 2040 E WILLIAM ST | 252066601 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2042 E WILLIAM ST | 252066701 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2044 E WILLIAM ST | 252066801 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2047 E WILLIAM ST | 252073601 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2050 E WILLIAM ST | 252067101 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2052 E WILLIAM ST | 252067201 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2056 E WILLIAM ST | 252067401 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2058 E WILLIAM ST | 252067501 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2060 E WILLIAM ST | 252067601 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2062 E WILLIAM ST | 252067701 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2066 E WILLIAM ST | 252067901 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2068 E WILLIAM ST | 252068001 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
| 2205 E WILLIAM ST | 252000001 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2207 E WILLIAM ST | 252000002 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2209 E WILLIAM ST | 252000003 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2211 E WILLIAM ST | 252000004 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2213 E WILLIAM ST | 252000005 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2215 E WILLIAM ST | 252000006 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2217 E WILLIAM ST | 252000007 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2219 E WILLIAM ST | 252000008 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2221 E WILLIAM ST | 252000009 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2223 E WILLIAM ST | 252000010 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2225 E WILLIAM ST | 252000011 | Closed | not on record | Apr 4, 2023 | none found |
| 2227 E WILLIAM ST | 252000012 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2229 E WILLIAM ST | 252000013 | Closed | May 3, 2023 | Apr 4, 2023 | private or other |
| 2306 COLLINS ST | 311193701 | Closed | Oct 19, 2022 | Apr 4, 2023 | RDA |
Sources: Board minutes and packets; PHDC workbook; Council (Legistar); Transcript. Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.