I hope that some of you recall this house (see post) – it’s located at 23 Wadsworth and it’s been a real mess for a long time. So what did it take to see some action at this property? It took out-of-towners with some persistence and vision. When it comes to persistence and vision, I don’t know which weighs heavier in the development/rehab world. The property is owned by Wendes Jones and Kenneth Beaver, a couple who felt that Wadsworth was worth a lot more than just having a couple of rundown houses on the street. So they purchased a few properties and got down and dirty. Weeks previous to the reporting on this property, I focused on another huge recovery just down the street (see post). There is a major upswing taking place with this Kleinhans/Allentown connector. This is one out-of-town investment success story that we should relish for a while.
Don’t think that the battle on this street is over. Coming up in the near future the Falcon Lot is coming up for sale. This lot should not ultimately stay a parking lot. Otherwise, demo by neglect will be an incentive for hundreds of other slumlords (see post). Let’s hope that we can get a legitimate bidder to purchase the property – a bidder with vision who understands the delicate commercial and residential balance of Wadsworth, Days Park and Allentown.
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