Biotech Campus Coming to Schuylkill Riverfront

Biotech Campus Coming to Schuylkill Riverfront

Two years ago, Philadelphia initiated a search for a partner to transform 40 acres of vacant riverfront land in Southwest Philadelphia into a modern biotechnology manufacturing campus. The Philadelphia Industrial Development Corporation (PIDC), a public-private economic development organization spearheading the initiative, is now evaluating proposals from a select group of developers. PIDC believes this project could create thousands of new jobs and enhance the region’s status as a life sciences hub.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia land 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.

Real Estate Opportunities on South Broad Street

Real Estate Opportunities on South Broad Street

Friday’s sudden announcement of the University of the Arts’ closure this week has cast uncertainty over the future of its real estate holdings in and around South Broad Street. Center City stakeholders remain hopeful about the properties, with local developers and nonprofit leaders expressing optimism that the UArts buildings could be repurposed—potentially as a blend of apartments, hotels, and cultural institutions.

The university’s real estate portfolio along South Broad Street’s Avenue of the Arts was valued at $94 million in its latest tax filing. Many of these buildings are historic structures in prominent locations, making UArts the largest property owner on Broad Street between City Hall and Washington Avenue, according to Laura Burkhardt, Executive Director of the Avenue of the Arts nonprofit, which promotes development, beautification, and marketing for the arts district.

*Article courtesy 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.

Waterfront and Industrial Projects Lead $1B in New Investments

Waterfront and Industrial Projects Lead $1B in New Investments

The Philadelphia Business Journal’s updated Crane Watch map provides a visual overview of development projects in the region, including those proposed, under construction, or recently completed. Over $1 billion in new investments have been announced or initiated since the last update, spanning industrial projects, recreational spaces, and numerous residential units. Despite challenges in financing, large-scale developments persist. Notably, two waterfront projects in Philadelphia, totaling around $100 million, are poised to invigorate areas along the Schuylkill and Delaware rivers. One such project, the $60 million West Philadelphia Waterfront initiative near 30th Street Station, aims to establish a two-deck structure featuring a public pool, beach, and entertainment venue. Led by the University City District, this project will connect the growing University City neighborhood with Center City, fostering public access and connectivity.

*Article courtesy 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.

$60M Proposal Near 30th Street Station Plans Pool, Beach on Schuylkill River Banks

$60M Proposal Near 30th Street Station Plans Pool, Beach on Schuylkill River Banks

A bold $60 million proposal aims to construct a two-deck structure featuring a public pool, beach, and entertainment venue on the western bank of the Schuylkill River near 30th Street Station. Dubbed the West Philadelphia Waterfront project, it serves as a link between Center City and the rapidly growing University City area, which is experiencing a multi-billion-dollar development surge. The initiative was revealed on Thursday by University City District, a non-profit focused on enhancing and managing the public realm in a 2.4 square mile section west of the Schuylkill River.

*Article courtesy 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.

CHOP Expands Footprint with $24.75M Philadelphia Site Acquisition

CHOP Expands Footprint with $24.75M Philadelphia Site Acquisition

Children’s Hospital of Philadelphia (CHOP) continues its city expansion with the acquisition of a 3.2-acre property in Grays Ferry. City records indicate CHOP paid $24.75 million for the property located at 3000 Grays Ferry Ave. The site includes a nearly 18,000-square-foot building, previously a Bottom Dollar food store, now leased by delivery company GoPuff according to Carlino Development, the former owners. Zoned CMX-3, the property allows for diverse commercial development.

*Article courtesy 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.

Prime Fishtown Parcel for Sale at $8.5M

Prime Fishtown Parcel for Sale at $8.5M

A nearly 1-acre parcel in Fishtown is now on the market for $8.5 million, offering a rare opportunity in one of Philadelphia’s bustling hubs for new construction. Located at 53-67 Laurel St., this CMX-3-zoned property sits between Frankford Avenue and Front Street. Zoning permits various commercial, residential, or mixed-use developments.

Positioned adjacent to Other Half Brewing’s taproom and opposite the Fillmore and Brooklyn Bowl under I-95, the site features a primarily vacant surface lot with a 13,000-square-foot, single-story warehouse. Property records indicate it has been owned by a business partnership since 1985.

*Article courtesy 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.

Comcast Aims to Revamp South Philadelphia Sports Complex by 2028

Comcast Spectacor's Plan Aims to Revamp South Philadelphia Sports Complex by 2028

Comcast Spectacor has revealed its ambitious vision for the South Philadelphia Sports Complex, starting with a $2.5 billion plan set to transform the area by 2028. The initial phase involves a $12 million renovation to Xfinity Live!, the construction of a 5,500-seat concert venue, a 250-key hotel, and various dining and retail establishments.

The proposed project aims to convert parking lots around the Wells Fargo Center into a vast entertainment and shopping hub. The release of details, including visual representations of Phase 1, follows the presentation of the plan to a neighborhood group last month.

The comprehensive master plan features 500,000 square feet of office space, 460,000 square feet of retail, a 5,500-seat concert venue, 2,000 residential units, multiple hotels with 500 rooms, and parking for 10,000 vehicles in garages.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia 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 for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Former Entertainment Club Property for $7.1M by the City of Philadelphia

Former Entertainment Club Property for $7.1M by the City of Philadelphia

The City of Philadelphia acquires the former strip club property at 3001 Castor Ave. in Port Richmond for $7.1 million, as indicated by public records. Situated in an industrial area along the Delaware River, between I-95 and the Port of Philadelphia’s Tioga Marine Terminal, the 3.2-acre lot previously housed The Penthouse Club. The sale reflects a significant increase from the $3.1 million paid by the previous owner, Biglib LLC, in February 2020, surpassing the city’s recent property assessment of $6.2 million.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia retail 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 Philadelphia 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.

Comcast Spectacor Unveils Extensive Mixed-Use Development for South Philly Sports Complex

Comcast Spectacor Unveils Extensive Mixed-Use Development for South Philly Sports Complex

Comcast Spectacor unveils plans for a substantial mixed-use development at the South Philadelphia Sports Complex, aiming to optimize underutilized land. Amid potential changes at the Wells Fargo Center, the proposal includes 500,000 sq ft of offices, 460,000 sq ft of retail, a 5,500-seat concert venue, 2,000 residential units, 500 hotel rooms, and 10,000 parking spaces, as detailed in a presentation reviewed by the Business Journal.

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia retail 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 Philadelphia 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.

Developers Suggest a Multibillion-Dollar Plan for a New Neighborhood at the Navy Yard in Philly

Developers Suggest a Multibillion-Dollar Plan for a New Neighborhood at the Navy Yard in Philly

In recent decades, a growing number of companies have established themselves at the Navy Yard. Presently, developers aim to transform the area into a brand-new neighborhood, attracting thousands of residents and businesses. NBC10’s Tim Furlong delves into the details of this ambitious plan.

*Courtesy of NBC10 Philadelphia

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.