Delaware River Pier For Sale with Development Potential

Delaware River Pier For Sale with Development Potential

A Delaware River pier with 33 boat slips is for sale, providing buyers with built-in income and opportunities for waterfront development. “There’s potential to build over the water and explore creative options,” said Ken Wellar of Global Real Estate Advisors, who holds the listing. The Pier 5 marina at 7 N. Christopher Columbus Blvd. is listed for $2.75 million and is located between Cherry Street Pier and the Pier 5 condominium on the northern edge of Penn’s Landing.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Lender Takes Over Boston Market Owner’s Bensalem Site

Lender Takes Over Boston Market Owner's Bensalem Site

A prominent Bucks County development site, once planned for a large mixed-use project, is returning to the lender after receiving no bids at a sheriff’s sale. The 35-acre property at 2201 Street Road in Bensalem was owned by a company controlled by Jignesh “Jay” Pandya, owner of the Boston Market restaurant chain. Located between Hulmeville and Knights Roads, just south of the Jefferson Ward Shopping Center, the site was formerly home to Armstrong Middle School, which was demolished. In November 2021, Bensalem Township Council approved a plan for “The Hub at Bensalem,” a project with over 150,000 square feet of retail space and 40 residential units across 11 buildings.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

169-Unit Development to Form ‘A New Neighborhood’ Between City Avenue and the Schuylkill River

169-unit project will create 'a whole neighborhood' between City Avenue and the Schuylkill River

A major residential development is underway in West Philadelphia, bringing 169 units to Wynnefield Heights. Known as Wynnefield Heights Square, the project at 4050 Conshohocken Ave. began pre-sales last week, offering 142 condos starting at $289,000 and 27 townhomes starting at $499,000. Noah Ostroff, founder of the PhillyLiving real estate team and partner at Keller Williams Empower, described it as one of the largest for-sale residential projects currently in progress in Philadelphia, envisioning it as creating “a whole neighborhood.”

Ostroff, who is spearheading the sales effort for developer Borkson Properties, explained that the project will proceed gradually, with the pace of sales determining the timeline for full completion, expected to take around two years. The first phase, set to begin in October, includes five townhomes and 12 condos, with expected completion by January or February. The development will culminate in an 83-unit apartment building.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Bart Blatstein’s Delaware River Pier Plans Taking Shape

Bart Blatstein's Delaware River Pier Plans Taking Shape

The future of a prime site along the Delaware River waterfront is becoming clearer. PrimeSpace Capital is set to unveil a CubeSmart self-storage facility at Pier 40 next week, following a complete restoration of the historic 180,200-square-foot property at 841 S. Christopher Columbus Blvd. The New York-based developer, specializing in self-storage, acquired the site from prominent Philadelphia developer Bart Blatstein. Blatstein continues to own Pier 38, which also spans 180,200 square feet, along with the 120,000-square-foot surface parking lot on Pier 39, located between the two buildings.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

New York Developer Proposes Industrial Project Adjacent to Northeast Philadelphia Prison

New York developer plans industrial project next to Northeast Philadelphia prison
Rockefeller Group is planning a 192,000-square-foot warehouse in Northeast Philadelphia, adjacent to Holmesburg Prison, expanding the area’s growing industrial footprint. The project at 8301 Torresdale Ave. features 40-foot clear heights, 30 dock doors, two drive-in ramps, 150 parking spaces for cars, and 44 spaces for trailers.
Although the warehouse is being developed without pre-leased tenants, Rockefeller Group Vice President and Regional Director Heath Abramsohn stated that the facility is designed to accommodate either single or multiple tenants, and can serve a variety of industrial users, including cold storage, third-party logistics, e-commerce, and traditional distribution operations.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

UArts Files for Chapter 7 Bankruptcy, Selling $87M Center City Property

The closed University of the Arts filed for Chapter 7 bankruptcy protection on Friday, aiming to liquidate its assets, including its Center City real estate valued at over $87 million.

This filing in U.S. Bankruptcy Court in Delaware follows the collapse of merger talks with Temple University. UArts, which abruptly shut down in June, will sell its assets to pay off creditors.

The bankruptcy filing reveals total liabilities of $74.2 million, including nearly $50 million in municipal bond debt. The school has between 10,001 and 25,000 creditors, with numerous claims from students and faculty. The board of trustees approved the bankruptcy move on September 5.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Mayor Parker Shares a Decision on the 76ers Arena is Coming Soon

Mayor Parker Shares a Decision on the 76ers Arena is Coming Soon

Mayor Cherelle Parker stated Wednesday that she will consider input from all stakeholders before deciding on the Philadelphia 76ers’ proposed arena in Center City, but a decision is “forthcoming.” “I’m not talking about in months,” Parker clarified during a town hall discussion, emphasizing that future return on investment is her primary concern.

Hundreds gathered at the Pennsylvania Convention Center, near both Chinatown and the planned site for 76 Place on Market Street, while demonstrators outside protested the proposed $1.55 billion, 18,500-seat arena that would replace part of the Fashion District mall between 10th and 11th streets.

Parker organized the town hall following a weekend march against the arena, which Chinatown leaders said drew thousands. More than half of the attendees at the convention center wore white T-shirts reading “No Arena.”

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Developer Lists Gretz Brewery Site for $6.6M

Developer Lists Gretz Brewery Site for $6.6M

A Conshohocken developer has listed the Gretz Brewery building in Olde Kensington for $6.6 million and is seeking approval for 200 apartments on the site ahead of a potential sale. The Rufo Companies, which owns the historic property at 1524-1538 Germantown Ave., originally received permits in 2019 for a redevelopment project with 220 units. They are now reapplying to renew and revise these permits, including a reduction in the number of apartments. The revised proposal will be reviewed by the city’s Civic Design Review Committee on September 3.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

Drexel University Purchases 7-Eleven Site

Drexel University Purchased 7-Eleven Site

Drexel University has acquired a prominent parcel adjacent to its campus, securing the opportunity for future redevelopment. Currently occupied by a 7-Eleven convenience store, Drexel has stated the store will remain open for the foreseeable future.

The university, through its subsidiary Academic Properties Inc. (API), purchased the site at 3401 Lancaster Ave., located at the northwest corner of 34th Street and Lancaster Avenue in University City, for $4 million.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.

National Investor Purchases 235-Acre Private Golf Course

A Philadelphia-area golf course has recently traded hands.

A Fort Worth, Texas-based golf course owner has made its first acquisition in the Philadelphia region, purchasing a 21-year-old private club in Chester County.

Escalante Golf, which owns nearly two dozen courses across the U.S., finalized the purchase of French Creek Golf Club in Elverson this July, according to Chester County property records. The deed shows that the 235-acre club, spread across eight parcels, was sold for $2.5 million. Despite multiple requests, Escalante Golf did not comment on the sale.

The firm’s website states its focus is on “unlocking remarkable value in golf clubs and resorts.”

*Article courtesy of Philadelphia Business Journal 

For more information about Philadelphia space for sale or lease, please contact WCRE at 215-799-6900. Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.