BVG Property Group, LLC
BVG Property Group, LLC; 18 mixed-income rental un
19 housing units sold, across 15 properties · Council District 1 · BVG Property Group (Trove Capital Affordable Housing)
What is missing from the record
Every step has a date on record. Nothing is missing from the records we hold.
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 agendaDoneOct 12, 2021
- 2. Board approvalDoneNov 9, 2021
- 3. Council approval of the dispositionDoneDec 9, 2021 to Sep 15, 2022
- 4. Deed into the Land BankDoneSep 13, 2022 to Nov 7, 2022
- 5. ClosingDoneDec 16, 2022
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 |
|---|---|---|---|---|---|
| Oct 12, 2021 | 4.A(2) | Tabled | 2 in favor, 0 against, 5 abstentions; insufficient under bylaws | 5 | 3 |
| Nov 9, 2021 | 4.A(2) | Approved | unanimous | 5 | 1 |
| Feb 8, 2022 | 4.A | Approved | unanimous | 2 | 0 |
| Jul 12, 2022 | V.B | Approved | unanimous | 7 | 0 |
| Apr 11, 2023 | IV.C(2) | Approved | not stated | 0 | 0 |
How members voted
Shown only where the minutes or a transcript record how a member voted; a voice vote with no names shows no one. Y = yes, N = no, A = abstained, R = recused. A blank cell means no vote by that member is on record for that item.
| Member | 2021-10-124.A(2) | 2022-02-084.A |
|---|---|---|
| Andrew Goodman | A | |
| Joshu Harris | Y | |
| Majeedah Rashid | A | |
| Michael Johns | A | |
| Michael Koonce | A | |
| Rebecca Lopez-Kriss | Y | |
| Richard DeMarco | R | |
| Rick Sauer | A |
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).
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| BVG Property Group, LLC | Dec 16, 2022 | $22,500 | $705,000 | 19 | 210975;220649 |
Days from the first Board approval to each closing: 402.
People and organizations
- Council resolutions naming these properties, sponsored by
- Mark Squilla (resolutions 200532, 210402, 210659)
- Board members with a recorded vote
- Andrew Goodman (abstained), Joshu Harris (yes), Majeedah Rashid (abstained), Michael Johns (abstained), Michael Koonce (abstained), Rebecca Lopez-Kriss (yes), Richard DeMarco (recused), Rick Sauer (abstained)
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: 19 public speakers and 4 letters, with 9 statements of support and 6 of opposition.
| Named commenters (14 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Jihad Ali | mixed | |
| Jeremy Blatstein | neutral | |
| Justin Veasey | support | BVG Property Group (Trove Capital Affordable Housing) |
| Rachael Pritzker | support | attorney for developer, Attorney for BVG |
| Alyson Weiss | neutral | |
| Nicole Westerman | oppose | New Kensington CDC |
| Pastor R. Harris | oppose | Somerset Neighbors for Better Living |
| Anthony Fullard | support | |
| Justin Veasey / Rachael Pritzker | support | BVG Property Group (Trove Capital Affordable Housing), developer attorney |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 10 shown.
… following Item 4.C. below for information regarding the validity of the vote.) 4.A(2) 2148, 2150, 2154, 2156 E. Birch Street; 2032 E. Lehigh Avenue; 2055, 2057 E. Rush Street; 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161 E. Stella Street (CD1) – BVG Property Group, LLC Mr. Lawrence presented the proposed disposition of 2148, 2150, 2154, 2156 E. Birch Street; 2032 E. Lehigh Avenue; 2055, 2057 E. Rush Street; and 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161 E. Stella Street in the 1st Council District to BVG Property Group, LLC to develop eighteen (18) mixed- income rental units. Twe…
Minutes · Oct 12, 2021, item 4.A(2) · packet p. 11 · PLB Board Package for 11.9.2021 Board Meeting.pdf
Agenda · Oct 12, 2021, item 4.A.(2) · packet p. 1 · PLB Board Package for 10.12.2021 Board Meeting.pdf
4.A(2) 2148, 2150, 2154, 2156 E. Birch Street; 2032 E. Lehigh Avenue; 2055, 2057 E. Rush Street; 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161 E. Stella Street (CD1) – BVG Property Group, LLC Mr. Lawrence presented the proposed disposition of 2148, 2150, 2154, 2156 E. Birch Street; 2032 E. Lehigh Avenue; 2055, 2057 E. Rush Street; and 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161 E. Stella Street in the 1st Council District to BVG Property Group, LLC to develop eighteen (18) mixed- income rental units. Two (2) will be single-family units leased to households at or below 60% AMI; ten (10) sin…
Minutes · Nov 9, 2021, item 4.A(2) · packet p. 8 · PLB Board Package for 12.14.2021 Annual Board Meeting.pdf
Agenda · Nov 9, 2021, item 4.A(2) · packet p. 1 · PLB Board Package for 11.9.2021 Board Meeting.pdf
Group, LLC to convey 2032 East Lehigh Avenue (“the Premises”), upon acquisition from the Philadelphia Land Bank, to BVG 2032 E. Lehigh Ave. Partners, LLC (wholly owned by BVG 2032 E. Lehigh Ave. QOF, LLC, which is owned by the members of BVG Property Group, LLC), and to assign the purchase and development agreement and all rights and obligations thereunder pertaining to the Premises to BVG 2032 E. Lehigh Ave. Partners, LLC. Mr. Lawrence explained that 2032 E. Lehigh Avenue is one parcel in a group of fifteen (15) scattered site parcels that were approved by the Board at the November 2021 Board…
Minutes · Feb 8, 2022, item 4.A · packet p. 5 · PLB Board Package for 3.8.2022 Board Meeting.pdf
Agenda · Feb 8, 2022, item 4.A · packet p. 1 · PLB Board Package for 2.8.2022 Board Meeting.pdf
Properties (15)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 2032 E LEHIGH AVE | 314247800 | Closed | Nov 7, 2022 | Dec 16, 2022 | RDA |
| 2055 E RUSH ST | 252037601 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2057 E RUSH ST | 252037700 | Closed | Sep 13, 2022 | Dec 16, 2022 | RDA |
| 2148 E BIRCH ST | 252146901 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2150 E BIRCH ST | 252147001 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2154 E BIRCH ST | 252147201 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2154 E STELLA ST | 252194301 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2155 E STELLA ST | 252203101 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2156 E BIRCH ST | 252147301 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2156 E STELLA ST | 252194401 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2157 E STELLA ST | 252203201 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2158 E STELLA ST | 252194501 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2159 E STELLA ST | 252203301 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2160 E STELLA ST | 252194601 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 2161 E STELLA ST | 252203401 | Closed | Oct 19, 2022 | Dec 16, 2022 | 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.