Two years ago, Philadelphia initiated a search for a partner to transform 40 acres of vacant riverfront land in Southwest Philadelphia into a modern biotechnology manufacturing campus. The Philadelphia Industrial Development Corporation (PIDC), a public-private economic development organization spearheading the initiative, is now evaluating proposals from a select group of developers. PIDC believes this project… Read more »
Friday’s sudden announcement of the University of the Arts’ closure this week has cast uncertainty over the future of its real estate holdings in and around South Broad Street. Center City stakeholders remain hopeful about the properties, with local developers and nonprofit leaders expressing optimism that the UArts buildings could be repurposed—potentially as a blend… Read more »
The Philadelphia Business Journal’s updated Crane Watch map provides a visual overview of development projects in the region, including those proposed, under construction, or recently completed. Over $1 billion in new investments have been announced or initiated since the last update, spanning industrial projects, recreational spaces, and numerous residential units. Despite challenges in financing, large-scale… Read more »
A bold $60 million proposal aims to construct a two-deck structure featuring a public pool, beach, and entertainment venue on the western bank of the Schuylkill River near 30th Street Station. Dubbed the West Philadelphia Waterfront project, it serves as a link between Center City and the rapidly growing University City area, which is experiencing… Read more »
Children’s Hospital of Philadelphia (CHOP) continues its city expansion with the acquisition of a 3.2-acre property in Grays Ferry. City records indicate CHOP paid $24.75 million for the property located at 3000 Grays Ferry Ave. The site includes a nearly 18,000-square-foot building, previously a Bottom Dollar food store, now leased by delivery company GoPuff according… Read more »
A nearly 1-acre parcel in Fishtown is now on the market for $8.5 million, offering a rare opportunity in one of Philadelphia’s bustling hubs for new construction. Located at 53-67 Laurel St., this CMX-3-zoned property sits between Frankford Avenue and Front Street. Zoning permits various commercial, residential, or mixed-use developments. Positioned adjacent to Other Half… Read more »
Comcast Spectacor has revealed its ambitious vision for the South Philadelphia Sports Complex, starting with a $2.5 billion plan set to transform the area by 2028. The initial phase involves a $12 million renovation to Xfinity Live!, the construction of a 5,500-seat concert venue, a 250-key hotel, and various dining and retail establishments. The proposed… Read more »
The City of Philadelphia acquires the former strip club property at 3001 Castor Ave. in Port Richmond for $7.1 million, as indicated by public records. Situated in an industrial area along the Delaware River, between I-95 and the Port of Philadelphia’s Tioga Marine Terminal, the 3.2-acre lot previously housed The Penthouse Club. The sale reflects… Read more »
Comcast Spectacor unveils plans for a substantial mixed-use development at the South Philadelphia Sports Complex, aiming to optimize underutilized land. Amid potential changes at the Wells Fargo Center, the proposal includes 500,000 sq ft of offices, 460,000 sq ft of retail, a 5,500-seat concert venue, 2,000 residential units, 500 hotel rooms, and 10,000 parking spaces,… Read more »
In recent decades, a growing number of companies have established themselves at the Navy Yard. Presently, developers aim to transform the area into a brand-new neighborhood, attracting thousands of residents and businesses. NBC10’s Tim Furlong delves into the details of this ambitious plan. *Courtesy of NBC10 Philadelphia For more information about Philadelphia land sites for… Read more »
