Philadelphia Real Estate News
We’ve been hearing about the redevelopment of the 24,306 square foot parcel just north of Girard Avenue at 1222 N. 2nd St. for more than 4 years. Back then, the area was much different and there were not many large-scale new developments north of Girard. However, over the last several years, hundreds of units have Read more about 64-Unit Mixed-Use Project Finally Proceeding in Olde Kensington?[…]
Just over 3 years ago, the North Philadelphia Health System was facing bankruptcy and sold their medical complex at 801 W. Girard Avenue to Iron Stone Real Estate Partners for $5.25 million. Iron Stone subsequently invested $10 million to update the physical plant and other portions of the complex. Iron Stone leased the property back Read more about 48-Unit Project Planned on site of Hospital at 8th and Girard[…]
It’s now been more than a 5 year journey towards development for the 32,179 square foot CMX-3 zoned parcel on the southeast corner of 9th St. and Washington Ave. in the Italian Market. Back in 2015, a 5-story, 70-unit plan with ground floor retail was proposed for the property. Of course, nearby neighbors voiced their Read more about 157-Unit Development Finally Moving Forward in the Italian Market?[…]
If you live near 4th and Girard in Northern Liberties, you’ve definitely walked by Trios and may have ordered a pizza from the establishment in the past. About 6 weeks ago while watching an Eagles game, we went to put in an order with Trios and our call wouldn’t go through. We knew there were Read more about 45-Unit + Retail Plan Approved in Northern Liberties[…]
It looks like the old Woods Brothers site just south of Lehigh Ave. on Frankford Ave. may finally be developed. Back in 2016, a 178-unit project with commercial space and 80 parking spots was proposed on the property. Since then, crickets. In September of 2018, the roughly 90,000 square foot IRMX site traded hands for Read more about 460-Unit Project Proposed Near Frankford and Lehigh[…]
We’ve been preaching about transit-oriented development and about peoples’ desire to live near quality public transportation for years. As mentioned many times in the past, development in Philadelphia seems to follow the subway lines. Over time, neighborhoods further and further out from Center City seem to attract the interest of developers. In the Fishtown and Read more about 22-Unit Mixed-Use Building Planned Under the El in Kensington[…]
Anyone that has been to Northern Liberties near the intersection of 2nd St. and Germantown Ave. recently has seen the massive development under construction behind the Acme parking garage. The long-vacant lot just north of the Piazza that recently hosted the short-lived Piazza Pod Park is undergoing a much more permanent transformation. Post Brothers, the Read more about Post Brothers’ 1,131 Unit Piazza Terminal Project is Under Construction in Northern Liberties[…]
More than a year ago, we told you that a 38-unit project under the El in Kensington, which had been planned since at least 2017, may be moving forward. The project, on the northwest corner of Front and Oxford in Kensington, entails a 5-story building with 38 residential units and ground floor retail space. At Read more about Under Construction: 38-Unit Mixed-Use Project Next to The El[…]
If you follow Philadelphia real estate development, you’re likely already aware of Schuylkill Yards, the mega project surrounding 30th Street Station in University City. Brandywine Realty Trust along with Drexel University is spearheading the multi-billion dollar project that will transform a sea of surface parking lots and under-utilized properties into a new vibrant community filled Read more about Building Permit Pulled for 326-Unit Tower at Schuylkill Yards[…]
If you’ve walked down Frankford Avenue during the pandemic, you’ve probably noticed construction fencing up at 1351-59 Frankford Ave. This is the oddly-shaped lot just north of La Colombe that Green Drop, a mobile Warby Parker popup, and Zipcar have operated out of over the last several years. Back in 2015, a plan emerged for Read more about 33-Unit Plan Back, Offices Out on Frankford Ave. in Fishtown[…]