The Port of Philadelphia has finalized the $90 million acquisition of Mustin Yard, a 152-acre industrial site long targeted for expansion. The property, positioned south of I-95 and east of the Navy Yard, has been owned by Norfolk Southern Corp. since 2008. The purchase represents a key milestone in PhilaPort’s 15-year strategic plan, unveiled last… Read more »
Saint Joseph’s University has acquired an 11.6-acre property on City Avenue from the Sisters of the Visitation for $15 million as it expands its footprint amid campus master planning. The parcel sits at 5848 City Ave., adjacent to property that houses the school’s Maguire-Wolfington Welcome Center and its Career Development Center at the corner of… Read more »
The University of Pennsylvania has received permits to build a 10-story parking garage with 858 spaces at Pennovation Works as it prepares for major development on the property. The 23-acre campus at 3401 Grays Ferry Ave. is being built out as a hub for innovation, research and startup development. It currently includes the 58,000-square-foot Pennovation… Read more »
