Real Estate in Graduate Hospital : A History Lesson
There’s a reason you’ll find particular types of real estate in Graduate Hospital -- much the architecture is tied to its history. It starts around 1684 when the area was chartered by Dutch governor Alexander d'Hinoyossa and William Penn. At that time, it was part of Moyamensing Township, but it became part of Philly in 1854 with the Act of Consolidation. However, the neighborhood began to resemble what it is today after the Civil War.
Records in 1870 show that the area was mostly an Irish American community, but over the next 50 years the majority of its residents listed were African Americans. This in-migration from the south happened after the civil war, but also during, and immediately following, World War II. As a result of these higher population figures, a number of nineteenth and twentieth-century townhomes (or rowhomes as they were called then) began being constructed. With the influx of residents, the area saw a boom in churches and even larger architectural landmarks, like Philadelphia Naval Asylum (or aka Navel Home), which in recent years has become a condo complex. Even today, there are a number of locations here in the National Register of Historic Places such as The Marian Anderson House, Franklin Hose Company No. 28, William S. Peirce School, Philadelphia, Wilmington and Baltimore Railroad Freight Shed, Royal Theater, St. Anthony de Padua Parish School, Edwin M. Stanton School, and Tindley Temple United Methodist Church.
It was in the 1960s that a decline began to take hold on Graduate Hospital. A crosstown expressway was planned to run along South Street, which would’ve created a barrier between center city and the neighborhoods to the south. That resulted in widespread abandonment of properties in the area and a deterioration of the South Street business corridor. Yet out of this decay came a new resurgence of growth in recent years. This is in part thanks to entrepreneurs and people like Grammy Award winning musician and local resident Kenneth Gamble, who founded Universal Companies in the 1990s. Since its inception, Universal Companies has opened several small neighborhood businesses, housing opportunities and a charter school.
Now, hundreds of single-family homes and condominium units in Graduated Hospital have been built or refurbished. Plus, with the neighborhood's proximity to Center City, and increasing desirability to live here, new businesses have returned to cater to the increase in residents. It’s actually a great place for people seeking Philadelphia investment property since it’s a neighborhood that still contains a fair amount of real estate opportunities. If you’d like to learn more – either selling or buying real estate in Graduate Hospital – contact me, Doug Gungor. I’d love to show you homes for sale or list your property, depending on your needs. Just call or email me today to get started.