BVG S Philadelphia AH, LLC
Disposition to BVG Property Group, LLC (owners Jus
9 housing units sold, across 9 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 agendaDoneMay 9, 2023
- 2. Board approvalDoneMay 9, 2023
- 3. Council approval of the dispositionDoneJun 8, 2023 to Jun 22, 2023
- 4. Deed into the Land BankDoneJan 6, 2016 to Nov 18, 2023
- 5. ClosingDoneApr 12, 2024
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 |
|---|---|---|---|---|---|
| May 9, 2023 | IV.A.1 | Approved | unanimous | 5 | 3 |
| Jun 13, 2023 | IV.2 | Approved | unanimous | 0 | 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).
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| BVG S Philadelphia AH, LLC | Apr 12, 2024 | $9,000 | $630,000 | 9 | 230465;230536 |
Days from the first Board approval to each closing: 339.
People and organizations
- Council resolutions naming these properties, sponsored by
- Mark Squilla (resolutions 200532, 220992)
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: 5 public speakers and 3 letters, with 4 statements of support and 2 of opposition.
| Named commenters (6 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Jihad Ali | neutral | |
| Justin Veasey | support | BVG Property Group (Trove Capital Affordable Housing) |
| Rachael Pritzker | support | attorney for developer |
| Bruce Baldwin | support | Seventh Street Community Association, Seventh Street Community Civic Association |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 23 shown.
.A.1 Development – Affordable Housing (unsolicited) Mr. Lawrence asked the Board to authorize the disposition of 372 and702 Cantrell Street; 613, 625 and 723 Mercy Street; 737 Tree Street; and 535, 537, and 602 Winton Street, located.in the 1st Council District, to BVG Property Group, LLC for the development of nine (9) mixed income single- family homeownership units, including four (4) market rate units and five (5) affordable units to be sold to households with incomes at or below 100% AMI. The application was unsolicited and evaluated pursuant to the disposition policy. The developer will p…
Minutes · May 9, 2023, item IV.A.1 · packet p. 5 · PLB Board Package for 6.13.2023 Board Meeting.pdf
Agenda · May 9, 2023, item IV.A.1 · packet p. 1 · PLB Board Package for 5.9.2023 Board Meeting.pdf
All in favor? (Chorus of ayes.)
Motion · Alexander Balloon · May 9, 2023, item IV.A.1 · packet p. 25 · PLB Board Package for 6.13.2023 Board Meeting.pdf
… that they are not opposing this project and supporting it
Statement · Bruce Baldwin, Seventh Street Community Civic Association · May 9, 2023, item IV.A.1 · packet p. 21 · PLB Board Package for 6.13.2023 Board Meeting.pdf
… that they were opposed to it because of parking concerns
Statement · A resident · May 9, 2023, item IV.A.1 · packet p. 21 · PLB Board Package for 6.13.2023 Board Meeting.pdf
… supportive of that lot no longer remaining vacant.
Statement · A resident · May 9, 2023, item IV.A.1 · packet p. 23 · PLB Board Package for 6.13.2023 Board Meeting.pdf
Properties (9)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 372 CANTRELL ST | 392086100 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 535 WINTON ST | 392099105 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 537 WINTON ST | 392099205 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 602 WINTON ST | 393069805 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 613 MERCY ST | 393041610 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 625 MERCY ST | 393042210 | Closed | Nov 18, 2023 | Apr 12, 2024 | RDA |
| 702 CANTRELL ST | 393063510 | Closed | Jan 6, 2016 | Apr 12, 2024 | PHDC/PHA/other public |
| 723 MERCY ST | 393044810 | Closed | Nov 22, 2016 | Apr 12, 2024 | PHDC/PHA/other public |
| 737 TREE ST | 393093000 | Closed | Nov 18, 2023 | Apr 12, 2024 | 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.