Frankford CDC is seeking donations to acquire and renovate a vacant, three-story commercial building at 4665 Paul Street. Upon completion this building will include (4) low to moderate-income rental units on the second and third floors and one commercial unit on the first floor.
4665 Paul Street, located near SEPTA’s Arrott Transportation Center, is one of several projects in the Frankford CDC’s “Reimagining Margaret- Orthodox” plan. “Reimagining Margaret-Orthodox” is a five-year community development strategy, grounded in community engagement and neighborhood planning, to transform the Frankford Avenue Corridor area around the Arrott Transportation Center. More specifically, Reimagining Margaret-Orthodox calls for improvements that include developing vacant buildings and parcels, facade improvements, and streetscape improvements. Frankford CDC’s goal is to encourage people to rediscover the area, changing the perception of the neighborhood and restoring people’s sense of place and pride in Frankford and spur further development and investment along the corridor.
4665 Paul Street is next door to the Frankford CDC’s newly renovated Daral Building (4667-69 Paul Street), two doors down from the newly constructed Frankford Pause Park (4671-73 Paul Street), and two doors from the Frankford Beverage Distributor (4655-61 Paul Street) that is currently undergoing a façade improvement. In addition to the newly renovated building, the new park, and façade improvements, the Frankford CDC is working to implement their Frankford Avenue streetscaping plan that calls for improvements along the 4600 block of Paul Street.
The renovation of 4665 Paul Street will make a significant impact on the Frankford Avenue Commercial Corridor by reducing blight and vacancy around the Arrott Transportation Center and further leveraging the City and State investments along the 4600 block of Paul Street. This targeted investment will contribute to the Frankford CDC’s broader goals of creating workforce housing and creating jobs by attracting a new commercial business, which will act as a catalyst for further development and neighborhood stabilization.