E. Kahn Development recently acquired 15.7 acres of undeveloped land in Chester County, specifically at 1401 Phoenixville Pike in West Whiteland Township. The Malvern-based developer intends to construct approximately 150,000 square feet of industrial space on the site. The purchase price for the land was $3.1 million, and the seller was Johnson Matthey, a company… Read more »
Parkway Corp. CEO Rob Zuritsky unveiled intentions for a lavish 31-story luxury apartment tower at 21st and Ludlow streets last October, yet uncertainties around escalating construction costs and surging interest rates hindered the project’s kickoff timeline. A year later, these economic hurdles persist, prompting Zuritsky to revise Parkway’s plans for the Center City location to… Read more »
The City of Philadelphia has released three potential design concepts to cap the Vine Street Expressway as part of the second phase of the Chinatown Stitch project. The long-discussed project to better connect Chinatown’s core with the northern section of the neighborhood long severed by Vine Street and the Vine Street Expressway was originally detailed… Read more »
Pickleball courts will soon pop up at Dilworth Park. Two outdoor temporary courts will be available to rent from Sept. 7 through Oct. 21, from 10 a.m. to 7 p.m. every day, weather permitting. Courts cost $40 for an hour, and paddles are an additional $6 each, with up to six players permitted per court…. Read more »
Saint Joseph’s University has acquired an 11.6-acre property on City Avenue from the Sisters of the Visitation for $15 million as it expands its footprint amid campus master planning. The parcel sits at 5848 City Ave., adjacent to property that houses the school’s Maguire-Wolfington Welcome Center and its Career Development Center at the corner of… Read more »
Two social impact-oriented developers have acquired a long-neglected site next to Amtrak’s North Philadelphia train station for $11.8 million and plan to build 2 million square feet of commercial, residential, retail and community space. Philadelphia-based Shift Capital and New York-based Essence Development, led by former Philadelphia Eagles safety Jamar Adams, partnered to buy the 5-acre… Read more »
The property formerly home to Downey’s Irish Pub and Restaurant, a landmark South Street establishment that shuttered in 2016, has been put up for sale with zoning approvals for a new mixed-use development. The Headhouse Square property, located at 526 Front St. and 105-11 South St., was listed on Tuesday without an address for an asking price… Read more »
The University of Pennsylvania has received permits to build a 10-story parking garage with 858 spaces at Pennovation Works as it prepares for major development on the property. The 23-acre campus at 3401 Grays Ferry Ave. is being built out as a hub for innovation, research and startup development. It currently includes the 58,000-square-foot Pennovation… Read more »
With the Philadelphia 76ers’ quest for a new Center City arena entering a crucial phase, the team said Thursday that it is willing to transfer the Market Street property to public ownership to give the city greater influence on the project. The Sixers said it is also prepared to remove the existing tax increment financing… Read more »
The City of Philadelphia has selected firms to conduct two of the three independent evaluations planned for the 76ers’ polarizing Center City arena proposal. BJH Advisors and Sojourner Consulting will analyze the project’s community impact and CSL will conduct an economic analysis and projections, the city announced Wednesday. *Article courtesy Philadelphia Business Journal For more… Read more »
