Grocery Chain Purchases Warehouse Site in Bucks County

Lidl Grocery Store Buys Bucks County Warehouse Site

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 campus on the former site of a U.S. Steel plant in Fairless Hills. At completion, the developer expects Keystone Trade Center to house more than 20 warehouses totaling 10 million square feet. 

NorthPoint had planned to build a 1.2-million-square-foot warehouse at the site purchased by Lidl, marketing material shows, but now it will be up to the grocer to carry out construction. 

*Article courtesy of Philadelphia Business Journal

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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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

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The Carson is Nearing Northern Liberties Debut

NoLibs Debuts The Carson Philadelphia

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, called The Carson, is speeding toward an expected opening in May, and the finished product will have some notable differences from its original design. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Mixed-Use Development Proposed in Manayunk

Manayunk Philadelphia 3 Building Development

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 20,000 square feet of commercial space, according to documents filed with the City of Philadelphia.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Largest Philly Development Project Breaking Ground

Largest Philly Development breaking ground

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 it matters: The development will transform the site of a shuttered, century-old refinery into what’s expected to be one of the country’s largest life science campuses.

  • The project, which includes an industrial and logistics area, is estimated to create approximately 19,000 jobs when completed.
  • And HRP is conducting a massive environmental cleanup at the site to make the project a reality.

*Article courtesy of Axios Philadelphia

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Developer Plans Luxury Tower on Rittenhouse Square Parcels

Luxury Highrise coming to Rittenhouse Square Parcels

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 zoned CMX-5.

Brookliv CEO Ari Weber told the Business Journal that the scope of the project is still being determined. One proposal, he said, could include a tower, most likely for apartments, with 30 or more stories and 250,000 square feet of space. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Developer Plans Second Housing Project Near Ivy League University

Major Student Housing Developer Plans Second Project Near Ivy League University in Philadelphia

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 of Pennsylvania, an Ivy League school, and Drexel University.

The project also includes 55,938 square feet of existing historic office space next to the tower. Renderings provided by the developer appear to show the tower rising next to The Ralston House, a building constructed in the 1880s as a home for indigent, elderly women, according to documents on file with the city of Philadelphia. The University of Pennsylvania currently uses The Ralston House as office space.

*Article courtesy of Costar

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Jewelers’ Row Merchants ‘Very Pleased’ by Pearl Properties

Jewelers' Row Merchants Pleased in Philly

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 developer Pearl Properties, according to Jewelers’ Row District President Rich Goldberg.

With a new building possibly under construction by mid-2023, it’s “one of the better case scenarios” as Jewelers’ Row businesses recover from Covid-19 fallout, Goldberg said. 

*Article courtesy Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

76ers Proposed New Arena Won’t Snarl Center City Traffic

new arena 76ers center city

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 be above Jefferson Station and next to the 11th Street subway stop on the Market-Frankford Line.

David Adelman, who’s leading the arena development, described the site as “the most robust, transit-rich location in all of Philadelphia.” Adelman is the chairman of 76 Devcorp, the company created by the Sixers to oversee development of the new arena. He recently purchased a 10% stake in Harris Blitzer Sports & Entertainment, the 76ers’ ownership group. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

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Parkway Corp. Plans Apartment Tower in Center City

Center City Proposed Luxury Apartment Tower

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 would sit between Market and Chestnut streets, near some of the city’s core office buildings and a few blocks from Rittenhouse Square. 

The site is across from the Mütter Museum. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.

Fishtown Property in ‘Marquee Location’ Sells for $3.2M with 55-unit Development Planned for the Site

Fishtown Landsites

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, said it will likely carry a total project cost of just over $15 million. 

Situated along SEPTA’s Market-Frankford Line, the development will be located in between several popular concepts including Evil Genius Beer Co., Stephen Starr’s Mexican restaurant LMNO and CookNSolo falafel spot Goldie. Other nearby outposts include Suraya, Pizzeria Beddia and Wm. Mulherin’s Sons. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.