University City Not Just for Students
University City is just across the Schuylkill River from the heart of downtown Philadelphia. Its location makes it a premier place for purchasing real estate. Luxury homes here will gain in value both because of the location and the quality of the neighborhood.
Centering this district is the prestigious University of Pennsylvania, an Ivy League college of notable standing. In addition the University of the Sciences and Drexel University are located here making this zone the most academically oriented neighborhood in the metropolitan region.
A number of medical facilities can also be found here. These include the following institutions: Philadelphia Hospital of the University of Pennsylvania, the Children’s Hospital of Philadelphia, the Penn Presbyterian Medical Center, and the Veteran’s Administration Medical Center, and the Ryan Veterinarian Hospital of the University of Pennsylvania.
Many students, teachers, and medical personnel who attend or work in these institutions live in the surrounding neighborhood of University City. They like the convenience of being so close to school or work. The district is also home to many young professionals and families making for an interesting mix of population.
Vibrant Blend of Business and Pleasure
The real estate of this district starts along the eastern shore of the Schuylkill River and runs west to 52nd St. Spring Street forms part of the Northern boundary along with Garden. Powelton and Market. The southern edge skirts around from 40th to 44th St.
This section of real estate has some luxury homes that are stunning examples of Victorian architecture. There is also a considerable amount of student housing clustered in a number of mid rise apartment buildings. Condos and town homes are also available in a wide range of prices.
Businesses here show a similar wide range of services. There are a large number of shops along with a large number of restaurants and bars. The relatively young age of the population here makes this a favorite spot to dine out or seek out an evening’s entertainment.
A Division Between Residences and Schools
Most of the educational and medical facilities in University City are sited in the eastern portions. The western areas are more residential in nature. Here is where you will find the luxury homes from the Victorian era.
Blockley is the earliest name given to this locale. Back in 1677, William Warner bought 1500 acres of real estate here from the local tribe of Indians and named it Blockley. In the 19th century, Blockley Township was notorious for being a haven for thieves who would flee across the river to the area after engaging in smuggling and other criminal activity in the city center. By the mid century, the district was considered unsafe to be in alone.
The city of Philadelphia was founded 5 years after Blockley, but soon eclipsed it in size and importance. The district has a long and involved history with the city. University City has some historic luxury homes and much to offer in the way of real estate.
For more information on University City luxury homes and condos CLICK HERE to speak with Mike McCann.
Boundaries: On the east, the Schuylkill River; on the west, 52nd Street; on the north, Spring Garden Street (to 40th Street), Powelton Avenue (to 44th Street), and Market Street; and on the south, Civic Center Boulevard, University Avenue and Woodland Avenue.
Drexel University: http://www.drexel.edu/
University of Pennsylvania: http://www.upenn.edu/
University of the Sciences: http://www.usciences.edu/
Penn Food Trucks: http://www.pennfoodtrucks.com/
University City District: http://www.universitycity.org/