A $69 million apartment development could bring 129 new residential units to a largely vacant North Philadelphia property. The Philadelphia Housing Authority is partnering with Jonathan Rose Companies on the project at 1915 North 11th Street. The 1.4-acre site borders Temple University’s campus and sits near the Temple University Regional Rail station. Consequently, the location… Read more »
A long-vacant former Rite Aid site in Philadelphia could become a new residential development. Patriot Development Associates LP plans to construct a 118-unit apartment building at 2301 Walnut Street. The property sits at 23rd and Walnut streets and currently includes the former pharmacy building. Patriot Development Associates is affiliated with Philadelphia-based parking lot operator Patriot… Read more »
Pearl Properties has taken another step toward developing a 34-story residential tower on Philadelphia’s Jewelers’ Row. The developer has submitted an application to the Philadelphia Historical Commission seeking approval to modify two historically protected buildings. The request focuses on properties at 124 and 126 South 7th Street. Plans call for alterations to the rear and… Read more »
A prime redevelopment opportunity has come to market along Philadelphia’s North Broad Street corridor. The 3-acre property at 2509 North Broad Street is listed for $13.5 million. The site offers developers significant flexibility for future mixed-use development. Over the past two decades, owner Victor Gur assembled the property by acquiring 11 separate parcels. During that… Read more »
Regal Builders has expanded plans for the former Brandywine Hospital campus into a 115-acre mixed-use development in Chester County. More than a year after acquiring the former Brandywine Hospital campus, Regal Builders has expanded its redevelopment plans. Recent zoning changes in Caln Township created new opportunities for mixed-use development across the property. Consequently, Regal combined… Read more »
A new Giant grocery store is preparing to open at Andorra Shopping Center in Northwest Philadelphia. Scheduled to debut on June 19, the store represents a major milestone in the property’s ongoing redevelopment. The nearly 50,000-square-foot supermarket is located at 701 Cathedral Road in the Roxborough section of Philadelphia. In addition, more than 160 full-… Read more »
A major development opportunity near Philadelphia City Hall has been brought to market. As a result, new attention is being placed on the future of the Market East corridor. The 0.78-acre property at 1301 Market Street is currently operated as a surface parking lot. The site has now been listed for sale for $27.5 million…. Read more »
Philadelphia developer Riverwards Group is advancing two residential projects near the Delaware River. Together, the developments will deliver 325 new units. The firm plans 155 units at 2507 Almond Street. Additionally, 170 units are planned at 2230 E. Somerset Street as part of Somerset Station. Currently, Riverwards is finalizing financing for both projects. The deals… Read more »
A developer acquired a corner property in Northern Liberties for $2.7 million. The site sits at 210-230 W. Girard Avenue at Germantown Avenue. An entity affiliated with JSC Real Estate completed the acquisition. Currently, the property includes a 10,000-square-foot building leased to Benjamin Moore Paints. JSC Real Estate plans to invest $2 million to $3… Read more »
Logan Triangle, a long-vacant area in North Philadelphia, may soon become a major hub for housing manufacturing. The 30-acre site has remained undeveloped since the 1980s due to environmental contamination. However, city officials now see an opportunity for large-scale redevelopment. On January 21, Mayor Cherelle Parker announced a proposal to bring modular housing factories to… Read more »
