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.

13-acre Stadium District site eyed for ‘grand scale development’ put up for sale

Union Sports Complex in Chester

Philadelphia Suburban Development Corp. has put up for sale 700 Packer Ave., a 13-acre parcel in South Philadelphia it had floated as an alternative location for the 76ers when the team was in search of a new arena. 

While the basketball team didn’t go to the property, referred to as Stadium Square, it has remained a potential opportunity for a developer to do a bigger project in Philadelphia’s evolving stadium district. 

*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.

Waste Management buys 64 acres in Bucks County, plans $100M landfill expansion

An affiliate of Waste Management Inc. paid $14 million for 64 acres at the former U.S. Steel site in Fairless Hills and is planning a roughly $100 million project to expand an existing landfill it operates there. 

Waste Management (NYSE: WM) bought the property from NorthPoint Development. The sale involved an arrangement in which Waste Management sold an option it had on 93 acres that had been owned by Siemens Gamesa Renewable Energy to NorthPoint for $19.2 million and NorthPoint in turn sold a separate 64 acres to Waste Management. 

*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.

Real estate firm pays $50M for nearly 80 acres in Bucks County, sells Target-leased building in Upper Merion

Affiliates of Bruce E. Toll sold 79.5 acres of land in Langhorne for $50 million to Novaya Foxfield Industrial, a Boston real estate company that has been active in the Philadelphia area.

At the same time, Novaya Foxfield has moved on from the first property it acquired in the region, selling 900 River Road in Upper Merion as part of the disposition of that building and one in Georgia for a total of $142 million at the end of last year. A separate sale price for the River Road property couldn’t be determined and wasn’t readily available in public property records. 

The Langhorne property was considered “underutilized” land of the Reedman Toll Auto World, said Michael Markman, president of BET Investments Inc., which is Bruce E. Toll’s real estate company. A total of 37 parcels along Lincoln Highway, Old Lincoln Highway and Virginia Avenue were sold in two separate transactions, according to Bucks County property records. Brad Ruppel and Mike Hines of CBRE Inc. arranged the transaction of the Langhorne real estate as well as the River Road building. 

*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.