Location: Philadelphia, PA | Years active:
4301 Baltimore Avenue is a 3-story, 3,300 sf mixed-use property, ideally located in the extraordinarily active section of University City known as Spruce Hill. The property is well served by transit, sits directly across the street from both Clark Park and the Green Line Café, and is the “Broad and Main” location for its Spruce Hill neighborhood. It was formerly home to a small, declining restaurant space on the ground floor, Best House Pizza, whose owner recently decided to sell and retire. This presented U3 Ventures, a partnership of long-time area residents, Tom Lussenhop and Omar Blaik, with an extraordinarily rare opportunity to control and renovate a key property.
As is well known, University City is a vibrant, ethnically and economically diverse district, home to Penn, Drexel, and USciences campuses, several medical institutions, independent centers of scientific research and 30th Street Station. Further west is a primarily residential area of Victorian and early 20th-century building stock.
Because of this tight supply restriction, the opportunity offered by the acquisition, renovation and re-tenanting of 4301 Baltimore is of significant importance to the Baltimore Ave corridor. U3 Ventures’ project at 4301 Baltimore will signal a change in the retail market on this stretch of Baltimore Avenue. The project will increase the activation of this key corner, bringing life to the street during both day and evening hours and providing tremendous benefit to the neighborhood. Success at 43rd and Baltimore will leverage further retail redevelopment in the surrounding vicinity, hopefully inducing more, currently dormant retail space back into the supply.
U3 Ventures will complete a full gut-renovation of 4301 Baltimore Avenue and will double the retail space by converting the second floor apartments to restaurant space. The new restaurant will occupy roughly 2,500 square feet of the first and second floors (while using the basement for prep and storage) and will create a new outdoor seating area. It will be open seven days per week and serve the diverse needs of the neighborhood with daytime, evening and appropriate late-night hours. The restaurant will also feature an active private and community event business. The intent of the project is to create a thriving, authentic neighborhood destination that will become, in time, an iconic element of its unique Spruce Hill/Clark Park locale.