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

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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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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.

Concerned about costs, PRDC Properties sells NoLibs site tabbed for $100M development

Fishtown Landsites

PRDC Properties has sold 650 Fairmount, a 5-acre parcel in Northern Liberties where it had planned to build a $100 million mixed-use development. 

Accurate Builders & Developers of Lakewood, New Jersey, bought the site for an undisclosed amount. Accurate is expanding into the Philadelphia market and will move forward with the mixed-use project PRDC had planned.

PRDC bought 650 Fairmount for $16 million in 2017 when it was the site of Fairmount Manor, a complex of 100 garden-style affordable apartments. The company worked for three years to secure the approvals for a new development that involves 297 apartments, 107 townhouses and 21,000 square feet of commercial 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.

PHL to Kick Off $900M Cargo Expansion Project with New $15M Facility

Philadelphia International Airport is readying to break ground on the first phase of its $90 million undertaking to triple its cargo footprint with a new facility on the former grounds of its economy parking lot.

As part of the plan which it announced last summer, PHL will construct a new nine-acre, 70,000-square-foot facility. The air support facility will make way for PHL to then reposition its C2 Building, located on the tarmac, into a more cargo-focused space. The C2 facility currently spans over 80,000 square feet and has four wide-bodied aircraft parking spaces in front of it, making it ideal for cargo to flow through. Despite that, most of the tenants in the C2 Building are not cargo-focused. Rather, it hosts mainly maintenance and cleaning crews for passenger planes. 

The undertaking is part of a plan in partnership with Aviation Facilities Company Management (AFCO) to ultimately add 136 acres to PHL’s air cargo capability and offerings, nearly tripling capacity. PHL CFO Jim Tyrrell said doing so could result in thousands of jobs and billions of dollars in economic impact. 

*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.

Developers finalize lease, financing for 9-acre Delaware River mixed-use project

Jefferson Apartment Group and Haverford Properties have closed on a long-term ground lease of one of the largest parcels fronting the Delaware River as well as secured construction financing that will pave the way for the development of a mixed-use project along the waterfront. 

In addition to apartments, the development will have a new Sprouts Farmers Market, adding to the growing retail options along the Delaware River waterfront. 

The lease and financing come seven years after the JAG and Haverford Properties venture was selected to develop the 9-acre site at 501 N. Christopher Columbus Blvd. and includes what was formerly known as Festival Pier. It is located in the Northern Liberties neighborhood of Philadelphia and is one of the largest publicly owned sites fronting the central Delaware River in Philadelphia. The partnership is leasing it from the Delaware River Waterfront Corp. 

*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.