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 »
The Philadelphia Union unveiled plans Tuesday to build a $55 million sports and recreation complex in Chester through a partnership with WSFS Bank. The 170,000-square foot WSFS Bank Sportsplex is part of the ongoing effort to develop and revitalize the Delaware River Waterfront in Chester. It will span 32 acres between Subaru Park, the Union’s soccer stadium,… Read more »
Bart Blatstein’s Tower Investments has acquired Piers 38 and 40 along the Delaware River along with the land in between the two structures for $18 million. The properties at 775 S. Christopher Columbus Ave. include two buildings on Piers 38 and 40 that each total 180,200 square feet and a 120,000-square-foot surface lot on Pier… Read more »
Two Walnut Street properties that are essentially next door to each other on the western edge of Center City are tied up by active builders of multifamily projects. Dranoff Properties has put under agreement 2201 Walnut St., which is currently a Sunoco gas station, and Trammell Crow Co. has 2301 Walnut St., which is a… Read more »
The Sixers proposed new arena in Center City is already getting bigger. Eyewitness News confirms the Sixers plan to acquire the current site of the Greyhound Bus Terminal on Filbert Street. Last month, the Sixers ownership announced their plans to build the new arena, calling it 76 Place at Market East. Acquiring the Greyhound Bus Terminal… Read more »
Alterra Property Group wants to bring 352 apartment units to the intersection of 42nd and Market Streets, on the edge of West Philadelphia’s University City. The six-story modular building would include 22,511 square feet of retail space, a roof deck, amenity space, and 110 parking spaces. “We think there’s a lot of demand for mid-size… Read more »
The Haverford School, an all-boys day school on the Main Line, has paid $19.88 million for a 43-acre property in Bryn Mawr that once served as the Presbyterian Children’s Village. The property at 452 S. Roberts Road is roughly three miles from the school’s campus off Lancaster Avenue in Haverford. The seller was Gemma Services,… Read more »
Lehigh Valley Health Network has acquired property in western Montgomery County where it is in the early planning stages to build a “neighborhood” hospital, marking its latest push into the Philadelphia region. The project is planned along 21 acres acquired earlier this year by the Allentown-based health system in Gilbertsville, Douglass Township, for $7.6 million,… Read more »
