Posts Tagged: Philadelphia

CHOP Expands Footprint with $24.75M Philadelphia Site Acquisition

CHOP Expands Footprint with $24.75M Philadelphia Site Acquisition

Children’s Hospital of Philadelphia (CHOP) continues its city expansion with the acquisition of a 3.2-acre property in Grays Ferry. City records indicate CHOP paid $24.75 million for the property located at 3000 Grays Ferry Ave. The site includes a nearly 18,000-square-foot building, previously a Bottom Dollar food store, now leased by delivery company GoPuff according… Read more »

Prime Fishtown Parcel for Sale at $8.5M

Prime Fishtown Parcel for Sale at $8.5M

A nearly 1-acre parcel in Fishtown is now on the market for $8.5 million, offering a rare opportunity in one of Philadelphia’s bustling hubs for new construction. Located at 53-67 Laurel St., this CMX-3-zoned property sits between Frankford Avenue and Front Street. Zoning permits various commercial, residential, or mixed-use developments. Positioned adjacent to Other Half… Read more »

Developers Suggest a Multibillion-Dollar Plan for a New Neighborhood at the Navy Yard in Philly

Developers Suggest a Multibillion-Dollar Plan for a New Neighborhood at the Navy Yard in Philly

In recent decades, a growing number of companies have established themselves at the Navy Yard. Presently, developers aim to transform the area into a brand-new neighborhood, attracting thousands of residents and businesses. NBC10’s Tim Furlong delves into the details of this ambitious plan *Courtesy of NBC10 Philadelphia For more information about Philadelphia land sites for… Read more »

Developer Buys 16 Acres in Chester County

Developer buys 16 acres in Chester County, plans warehouse project

E. Kahn Development recently acquired 15.7 acres of undeveloped land in Chester County, specifically at 1401 Phoenixville Pike in West Whiteland Township. The Malvern-based developer intends to construct approximately 150,000 square feet of industrial space on the site. The purchase price for the land was $3.1 million, and the seller was Johnson Matthey, a company… Read more »

Parkway Halts One Project and Reevaluates Another Due to Surging Interest Rates Impacting Developer Plans

Parkway calls off one project and rethinks another as high interest rates force developers to hit the brakes

Parkway Corp. CEO Rob Zuritsky unveiled intentions for a lavish 31-story luxury apartment tower at 21st and Ludlow streets last October, yet uncertainties around escalating construction costs and surging interest rates hindered the project’s kickoff timeline. A year later, these economic hurdles persist, prompting Zuritsky to revise Parkway’s plans for the Center City location to… Read more »

City Unveils Three Options for Chinatown Project

Updates coming to Chinatown Philadelphia

The City of Philadelphia has released three potential design concepts to cap the Vine Street Expressway as part of the second phase of the Chinatown Stitch project. The long-discussed project to better connect Chinatown’s core with the northern section of the neighborhood long severed by Vine Street and the Vine Street Expressway was originally detailed… Read more »

Pickleball Courts Coming Near City Hall Plaza

Pickleball Court Coming to Center City

Pickleball courts will soon pop up at Dilworth Park. Two outdoor temporary courts will be available to rent from Sept. 7 through Oct. 21, from 10 a.m. to 7 p.m. every day, weather permitting. Courts cost $40 for an hour, and paddles are an additional $6 each, with up to six players permitted per court…. Read more »

Developer Plans for Mixed-use Project Next to North Philly’s Train Station

Developers buy long-vacant site next to North Philadelphia train station, plan massive mixed-use project

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 »

Former Downey’s Irish Pub on South Street Hits the Market

Former Downey's Irish Pub property on South Street hits the market with asking price of $2M

The property formerly home to Downey’s Irish Pub and Restaurant, a landmark South Street establishment that shuttered in 2016, has been put up for sale with zoning approvals for a new mixed-use development. The Headhouse Square property, located at 526 Front St. and 105-11 South St., was listed on Tuesday without an address for an asking price… Read more »

Penn Plans for 10-Story Parking Garage to Support Expansion

Penn plans $40M, 10-story parking garage at Pennovation Works to support expansion

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 »