German grocer Lidl has bought the site of a planned warehouse at the Keystone Trade Center in Bucks County for $144.6 million, property records show, another step in the company’s rapid expansion along the East Coast. Lidl purchased the 69 acres from Kansas City, Missouri-based NorthPoint Development, which is building the $1.5 billion, 1,800-acre logistics… Read more »
As Victor Rodin planned a new apartment building in Northern Liberties the past few years, the world changed around him. The Covid-19 pandemic altered people’s habits and the neighborhood became a hotspot for proposed multifamily projects. So Rodin, who runs development company RREI LLC with his father Neal, changed his plans too. The 12-story building,… Read more »
A three-building, 120-unit development is being proposed on the banks of the Schuylkill River in Manayunk. The mixed-use project is planned for 3900 Main St., just outside of the stretch of shops and restaurants that make up the heart of Manayunk’s commercial corridor. The entire project would total close to 150,00 square feet, including nearly… Read more »
One of Philly’s largest development projects is on the cusp of breaking ground. What’s happening: Hilco Redevelopment Partners (HRP) will begin the initial phase of its multibillion-dollar project in South Philly, dubbed the Bellwether District, in the coming months. The site spans 1,300 acres along the Schuylkill River and is slated to take 10-15 years to complete. Why… Read more »
A New York developer bought three vacant parcels in the heart of Philadelphia’s Walnut Street retail corridor and plans to build a luxury high-rise residential tower. Brooklyn-based Brookliv has acquired the properties at 1706, 1708 and 1710 Walnut St., a block away from Rittenhouse Square. The parcels, currently rubble, are in Center City’s commercial mixed-use district… Read more »
One of the nation’s largest student housing developers and investors plans to build its second project near two Philadelphia universities. Rendering of The Mark rising near the University of Pennsylvania in Philadelphia. (Landmark Properties) Landmark Properties announced Thursday that a new 363-unit tower called The Mark will rise 34 stories within a few blocks of the University… Read more »
After years of sitting vacant, the Jewelers’ Row site of Toll Brothers Inc.’s planned condominium project could have a new future its neighbors view as a step in the right direction. The property, at the southwest corner of Sansom and South 7th streets, is being sold by Toll Brothers (NYSE: TOL) to Philadelphia luxury apartment… Read more »
Despite already existing congestion on Center City streets at rush hour, the Philadelphia 76ers believe the area’s transportation system doesn’t need upgrades to accommodate the franchise’s proposed arena. The $1.3 billion arena, planned to open in 2031, would be on Market Street between 10th and 11th streets at the site of the Fashion District. It would… Read more »
Parkway Corp. is proposing a 31-story luxury apartment tower at 21st and Ludlow streets, part of an area in Center City experiencing a wave of new development. Plans for the project on the Parkway-owned lot include 304 apartment units, 15,600 square feet of first-floor retail space, and an underground parking garage. The 394,230-square-foot glass tower… Read more »
A largely vacant lot on one of the Fishtown neighborhood’s most popular corridors has sold for $3.2 million, making way for a 55-unit mixed-use development. The project at 1713-21 N. Front St. will be developed by Khosla Properties. Ground is expected to be broken in the first quarter of 2023. Anuj Khosla, the company’s managing partner,… Read more »
