Two social impact-oriented developers have acquired a long-neglected site next to Amtrak’s North Philadelphia train station for $11.8 million and plan to build 2 million square feet of commercial, residential, retail and community space. Philadelphia-based Shift Capital and New York-based Essence Development, led by former Philadelphia Eagles safety Jamar Adams, partnered to buy the 5-acre… Read more »
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… Read more »
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… Read more »
