A bold $60 million proposal aims to construct a two-deck structure featuring a public pool, beach, and entertainment venue on the western bank of the Schuylkill River near 30th Street Station. Dubbed the West Philadelphia Waterfront project, it serves as a link between Center City and the rapidly growing University City area, which is experiencing… Read more »
Posts Tagged: Philly
Comcast Spectacor’s Plan Aims to Revamp South Philadelphia Sports Complex by 2028
Comcast Spectacor has revealed its ambitious vision for the South Philadelphia Sports Complex, starting with a $2.5 billion plan set to transform the area by 2028. The initial phase involves a $12 million renovation to Xfinity Live!, the construction of a 5,500-seat concert venue, a 250-key hotel, and various dining and retail establishments. The proposed… Read more »
Former Entertainment Club Property for $7.1M by the City of Philadelphia
The City of Philadelphia acquires the former strip club property at 3001 Castor Ave. in Port Richmond for $7.1 million, as indicated by public records. Situated in an industrial area along the Delaware River, between I-95 and the Port of Philadelphia’s Tioga Marine Terminal, the 3.2-acre lot previously housed The Penthouse Club. The sale reflects… Read more »
Comcast Spectacor Unveils Extensive Mixed-Use Development for South Philly Sports Complex
Comcast Spectacor unveils plans for a substantial mixed-use development at the South Philadelphia Sports Complex, aiming to optimize underutilized land. Amid potential changes at the Wells Fargo Center, the proposal includes 500,000 sq ft of offices, 460,000 sq ft of retail, a 5,500-seat concert venue, 2,000 residential units, 500 hotel rooms, and 10,000 parking spaces,… Read more »
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 »
Parkway Halts One Project and Reevaluates Another Due to Surging Interest Rates Impacting Developer Plans
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 »
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… Read more »
Developer buys former Horizon House HQ in University City, plans 18-story project
Horizon House, a nonprofit that focuses on mental health services, has sold its former Philadelphia headquarters for $17.92 million to a developer of student housing. Landmark Properties of Athens, Georgia, bought the five-story, 79,200-square-foot building at 119 S. 31st St. and has plans to raze the structure to make way for a new development. The… Read more »