Naval Square, Philadelphia
|Neighborhood of Philadelphia|
The Naval Square gated neighborhood behind wall on Grays Ferry Avenue
|Area code(s)||Area code 215|
Naval Square is a gated neighborhood of Southwest Center City Philadelphia that was home to the United States Naval Academy until its facilities were relocated to Mississippi. According to the Office of Housing and Community Development, the neighborhood became official, as the three independent parties, the city of Philadelphia (Office of Housing and Community Development), the OHNP (Office of Housing and Neighborhood Preservation), and Toll Brothers worked to bring the historic location to prominence. The Philadelphia Inquirer said that the neighborhood, considered a condo development, succeeded in "... buck[ing] the trend with what buyers cited as a combination of location, security, and newness." Prices for houses in this location ranged from $300,000 to $900,000 with 601 units built. The unique notable feature of Naval Square is that the neighborhood has a "suburban feel" inside the city, which is considered a differentiator from other neighborhoods inside the city. The neighborhood also differentiates itself from other suburban neighborhoods in that this neighborhood is inside the city. According to the source, one resident chose this neighborhood because he wanted a home "near bars, but not in them." The New York Times states that Naval Square is part of a trend of gentrification in the city that was driven by new tax abatement policies. The boundaries of the neighborhood are set by the surrounding brick wall on Grays Ferry Avenue to the east, Bainbridge Street to the north, Schuylkill Avenue to the west, and Christian Street to the south. The Children's Hospital of Philadelphia will be building three new 26-story towers next door to this community in the Schuylkill neighborhood, which is located just outside of this gated community by 2017.
The average income of the location, which is also part of the "G-Ho" (Graduate Hospital) neighborhood is around $43,000 to $67,000 where the demographics swing from black to white residents was described as "dramatic ." According to a resident, he said many black families "... moved south to North Carolina or Florida."
The location of Naval Square was the home of the Philadelphia Naval Asylum, a precursor to the United States Naval Academy, was completed in 1833 and became the "... first retirement home for sailors and marines." By 1838, the midshipmen who were approaching promotion examinations were assigned to the school for 8 months of study. When the Naval Home was relocated to Gulfport, Mississippi, the facility was closed. The historic section of the neighborhood was placed on the National Register of Historic Places and was designated a National Historic Landmark in 1971.
In 2004, Toll Brothers began the first phase of development with 345 condominiums and in 2009, the same firm sold 220 condos and 74 townhomes.
- Toll Brothers. "History Meets Modern Luxury".
- Office of Housing and Community Development. "Naval Square".
- Philadelphia Inquirer. "Philadelphia's Naval Square a condo success story".
- Biz Journals. "Demand drives Toll to build anew at Naval Square".
- Lisa Chamberlain. "Tax Breaks Drive a Philadelphia Boom".
- Julie Shaw. "In G-Ho, the pendulum swings again".