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 »
A prime development site on Frankford Avenue in Fishtown has been acquired. The vacant lot at 1400 Frankford Avenue was purchased for $2.65 million. The buyer was an entity affiliated with Eclipse Development. The seller was the nonprofit Lutheran Settlement House. A four-story mixed-use building is being planned for the site. Approximately 20 residential units… Read more »
Valley Forge Military Academy and College will sell nearly half its campus to Eastern University. The sale follows the academy’s planned closure in May. The 33.3-acre section includes a football stadium, track, field house, pickleball courts, residential buildings, and open space. Eastern University, a fast-growing private Christian college, has leased the stadium and nearby facilities… Read more »
The owners of a 0.8-acre site at 900 Callowhill Street, located between Chinatown and Northern Liberties, are exploring options to sell or partner with a developer for a new project. The property is listed for $12 million and is owned by Wing Lee Realty Investment, a partnership of siblings led by Thomas Chau, according to… Read more »
The Enterprise Center has placed a 3-acre development site on the market along the western edge of University City, marking a shift in strategy for the nonprofit organization. The property, located on the south side of Market Street between 46th and 48th Streets, was acquired three years ago as part of a broader plan to… Read more »
The Port of Philadelphia has finalized the $90 million acquisition of Mustin Yard, a 152-acre industrial site long targeted for expansion. The property, positioned south of I-95 and east of the Navy Yard, has been owned by Norfolk Southern Corp. since 2008. The purchase represents a key milestone in PhilaPort’s 15-year strategic plan, unveiled last… Read more »
The Port of Philadelphia has purchased a 3-acre site on Columbus Boulevard as part of the initial phase of its $2 billion strategic growth plan. According to city property records, PhilaPort acquired the parcel at 2906 S. Christopher Columbus Boulevard from Dougherty Recycling LLC for $5.7 million. The purchase completes a series of recent acquisitions… Read more »
Cleveland-Cliffs engaged Binswanger to handle the sale of its 66-acre former steel manufacturing site along the Schuylkill River in Conshohocken, Pennsylvania, presenting a rare opportunity for a property of this scale in the Montgomery County area. The 1 million-square-foot facility, located at 900 Conshohocken Road and less than 10 miles from Center City, Philadelphia, is… Read more »
