Philadelphia Union to Build $55M WSFS Bank Sportsplex

Union Sports Complex in Chester

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, and the Union Power Plant office building.

“We believe this will make us a premier location for soccer on the East Coast, and elevate Chester and make its waterfront an iconic location for the region,” said Jay Sugarman, principal owner of the Union.

The project will bring the Major League Soccer club’s Philadelphia Union Academy and YSC Academy to one campus. The academies were developed by the organization for the development of young soccer players and to provide a pathway for them to become professional players.

“The heart of this project is our commitment to community and our desire to be an agent for positive change” said Tim McDermott, president of the Union. “The announcement of WSFS Bank Sportsplex is the beginning of an important next chapter for the Philadelphia Union and the growth and development of the Chester Waterfront.”

WSFS Bank entered into a multiyear sponsorship agreement with the Philadelphia Union in August. That partnership includes the Wilmington-based financial institution receiving naming rights for planned sports complex.

*Article courtesy of Philadelphia Business Journals

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Blatstein Buys Piers 38 and 40 Along Delaware River

Fishtown Landsites

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 39. The properties combined total more than 12 acres to the pierhead line.

The area is zoned CMX-3 and can accommodate mixed-use development.

*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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Developers closing in on two Walnut Street properties in Center City

Developers Walnut Street Philly

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 single-story building occupied by Rite Aid, in its crosshairs, according to multiple sources. 

That developers have zeroed in on the two parcels highlights how otherwise underutilized properties are being snapped up for new multifamily buildings and other projects. While surface parking lots have been the most common sites developed, single-story buildings such as the former Wendy’s at 11th and Walnut streets, and parking garages such as one that had been at 12th and Sansom streets, have also been purchased by developers. 

*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.

Sixers Proposal For New Arena In Center City Grows Larger

Greyhound Bus Terminal Center City

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 on Filbert would expand the project and extra block and potentially close Filbert Street to traffic.

*Article courtesy of CBS3

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.

Alterra Property Group Wants to Bring 352 apartment units for Market Street in West Philly

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 [apartment buildings] that are reasonably priced, although I’m not saying it’s affordable housing by any stretch,” said Leo Addimando, managing partner with Alterra.

The apartment project would utilize modular construction techniques, where much of the structure is built off site. These structures are cheaper to build than traditional projects, with substantial savings on labor costs. That’s why, Addimando says, they can be rented for hundreds of dollars less than typical new construction units.

*Article courtesy of Inquirer

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.

Haverford School pays nearly $20M for nearby 43-acre property

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, which was represented by David England of BHHS Fox & Roach.

Haverford School has not decided what it will do with the property. The school, which sits on 30 acres, is essentially landlocked at its current location though it has added several new facilities over the years to enhance its campus. 

*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.

Lehigh Valley Health Network plans to build new hospital in western Montgomery County

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, according to county real estate records. The property at Grosser Road and Route 100 is now a cornfield and abuts a Wawa. 

*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.

New Plan for Philly Navy Yard, Nearly 9M SF of Development

Philly Navy Yard

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 for the development of an additional 8.9 million square feet of space involving lab and manufacturing space for life sciences companies along with buildings that will house 3,900 new apartments and 235,000 square feet for retailers and makers. 

*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.

Tennessee-Based Developer Breaks Ground on Multifamily Project in Center City

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 garage, in December 2020 for $24.5 million, according to CoStar data.

The 320-foot tower will include 5,000 square feet of ground-floor restaurant space and 17,000 square feet of space on the second floor ideal for another restaurant or a health and wellness facility. Its amenities will include a club lounge, sky lounge with an outdoor rooftop pool, a fitness center with a yoga room, coworking space and resident storage. A unique feature of the building is its intentional five-foot set-back from the property line, which will widen the sidewalk along Sansom Street.

*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.

Main Line Health details plans for 75-acre St. Charles Borromeo Seminary site in Wynnewood

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 expected to provide general health care, fitness and wellness, and educational services along with social activities. The site is also expected to feature senior housing, a small hotel, apartments and condos and retail 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.