The Port of Philadelphia has purchased a 3-acre site on Columbus Boulevard as part of the initial phase of its $2 billion strategic growth plan. According to city property records, PhilaPort acquired the parcel at 2906 S. Christopher Columbus Boulevard from Dougherty Recycling LLC for $5.7 million. The purchase completes a series of recent acquisitions… Read more »
Cleveland-Cliffs engaged Binswanger to handle the sale of its 66-acre former steel manufacturing site along the Schuylkill River in Conshohocken, Pennsylvania, presenting a rare opportunity for a property of this scale in the Montgomery County area. The 1 million-square-foot facility, located at 900 Conshohocken Road and less than 10 miles from Center City, Philadelphia, is… Read more »
A Center City property once intended for an AC Marriott hotel has been sold to a new owner with fresh plans for development. Northeast Philadelphia-based HK99 Realty acquired the site, located at 228-238 N. 13th Street in the heart of Chinatown, for $2.5 million this April, according to public property records. The company, which has… Read more »
Mayor Cherelle Parker unveiled a plan Monday to use $1 billion in city-owned land to support her H.O.M.E. initiative, aiming to create and preserve 30,000 housing units. In a nearly 90-minute City Council speech, Parker proposed streamlining Philadelphia’s Land Bank acquisitions and expediting land transfers to pre-approved developers for affordable housing. Her budget plan includes… Read more »
The developer of the Village at Valley Forge is in talks with potential medical tenants for a build-to-suit facility on the last remaining undeveloped portion of the 132-acre project in King of Prussia. Philadelphia-based Realen Properties developed the $1.5 billion master-planned community, strategically located between I-76, Route 202, and Route 422. After selling off individual… Read more »
Abrams Realty & Development has officially acquired Exton Square Mall, finalizing the purchase on Tuesday and setting the stage for a major redevelopment of the struggling retail property. The Elkins Park-based firm, led by owner Peter Abrams, purchased the 75-acre site for $34.25 million. The seller, Philadelphia-based regional mall operator PREIT, had previously been under… Read more »
University City District is meeting with state lawmakers as it ramps up fundraising for its $60M West Philadelphia Waterfront project along the Schuylkill River. The two-deck structure, proposed last spring, would stretch between Market and Chestnut streets, featuring a café, aquatic marsh, beach, and splash pad. Construction likely won’t begin until 2027 to avoid competing… Read more »
The 76ers have decided to remain in South Philadelphia’s sports stadium district, according to multiple City Council members. This decision follows over two years of intense debate about building a new arena on East Market Street in Center City. Despite City Council passing legislation late last year to support the Center City arena project, Comcast… Read more »
A major residential development is underway in West Philadelphia, bringing 169 units to Wynnefield Heights. Known as Wynnefield Heights Square, the project at 4050 Conshohocken Ave. began pre-sales last week, offering 142 condos starting at $289,000 and 27 townhomes starting at $499,000. Noah Ostroff, founder of the PhillyLiving real estate team and partner at Keller… Read more »
A Fort Worth, Texas-based golf course owner has made its first acquisition in the Philadelphia region, purchasing a 21-year-old private club in Chester County. Escalante Golf, which owns nearly two dozen courses across the U.S., finalized the purchase of French Creek Golf Club in Elverson this July, according to Chester County property records. The deed… Read more »
