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 »
A development team for 109 acres at the Philadelphia Navy Yard has fine tuned its initial plan for the site that involves $6 billion in new investment over the next two decades. The build out is expected to result in 12,000 new jobs at the South Philadelphia property and continue its transformation. The plan calls… Read more »
Southern Land Co. has started construction on its new 27-story multifamily development at 1620 Sansom St. in Center City Philadelphia. The Nashville, Tennessee-based developer’s latest Philadelphia project is set to include 254 luxury rental units, including multiple penthouses with private terraces. Southern Land Co. purchased the site for the development project, which was previously home to an aging parking… Read more »
Main Line Health plans to pursue a health and wellness concept for the 75-acre St. Charles Borromeo Seminary property in Wynnewood after acquiring the site for $43.5 million in 2019. The development, which a Main Line Health spokesperson said will take shape over the next 10 years or more, will be anchored by medical offices… Read more »
