Real Estate
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Philly RiSE Program Aims to Diversify Real Estate Industry, Build Housing Wealth in Historically Underserved Communities
Black Squirrel’s Philly RiSE program aims to diversify the real estate industry and build housing wealth in communities of color by helping developers of color get land from the Philadelphia Land Bank, writes Michaelle Bond for The Philadelphia Inquirer. The successful program has recently received significant attention at the Urban Land Institute’s spring conference in…
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New Apartment Building in Roxborough Goes Up For Sale
The Azalea, a recently-completed building in Roxborough is now up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. The 54-unit, 45,000-square-foot building was developed by Stamm Development and opened last summer. The Azalea includes 34 parking spots, six studio apartments, 38 one-bedrooms, and 10 two-bedrooms, along with amenities that include a roof deck…
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House of the Week: Lovely Contemporary with Unparalleled Level of Grandeur and Elegance in Fox Chase
A lovely contemporary home set on a sprawling 3.81 acres with seven bedrooms and five and a half bathrooms is available for sale in the historic Fox Chase neighborhood. This stunning home offers an unparalleled level of grandeur and elegance in its more than 7600 square feet of living space. . . After entering the…
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Wanamaker Building Owner Considers Converting Office Space into Residential Space as Occupancy Declines
The owner of the Wanamaker Building in Center City is considering the possibility of converting the property’s office space into residential space as it has lost many of its tenants, writes Paul Schwedelson for the Philadelphia Business Journal. Since the historic, 112-year-old building went into receivership in September, Rubenstein Partners has been mulling the property’s…
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House of the Week: A Customizable Dream Home in West Mount Airy
A fully customizable traditional home with four bedrooms and four and a half bathrooms is available for sale in West Mount Airy. The residence offers an opportunity to select your own finishes and create your dream home in a private but still walk-to-everything location. . . The home is nestled amongst mature trees, giving the…
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Two Blocks On North Broad Street Go Up For Sale in Retail Opportunity
Two blocks equaling about 120,300 square feet of mostly retail space on North Broad Street are currently up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Brad Nathanson, a broker with Institutional Property Advisors, who is representing the seller, is calling the space a “generational opportunity.” “The rarity of the offering is the…
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House of the Week: Exquisite Premier Residence in Heart of Chestnut Hill
An exquisite premier residence with two bedrooms and two and a half bathrooms is available for sale in the heart of Chestnut Hill. This luxurious apartment is a testament to modern design and sophistication. Its many special features include unique lighting fixtures that create an inviting ambiance, expansive windows that keep the residence bright, and…
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National Association of Realtors Ranks Philadelphia Metro Area Among Top Ten Housing Markets to Watch in 2024
According to the National Association of Realtors, the Philadelphia metro area is one of the top ten markets with the highest potential for strong growth in home sales in 2024 due to pent-up demand and supply, writes Michaelle Bond for The Philadelphia Inquirer. Following two years marked by “subdued activity,” the association is expecting to…
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Odin Properties Unveils Two New Residential Developments in Germantown
Odin Properties, the Philadelphia-based leading real estate company, has unveiled its latest additions to its portfolio. On December 13, the company unveiled two new, transformative residential developments in the city’s Germantown neighborhood – Kenyon Lofts and Vernon Lofts. Both developments are 47-unit projects. “We’re really excited to deliver these apartments,” said Philip Balderston, founder and…
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West Oak Lane Diner Will Rise Like a Phoenix as Part of a New Development
A fire forced the Oak Lane Diner to close in 2015, but now it will rise like a Phoenix as it is reborn a part of a new development, writes Aaron Moselle for WHYY. The former home of the popular diner in West Oak Lane is being turned into a mixed-use development with 65 apartments…
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Washington Post: How Philadelphia Stacks Up When It Comes to New Housing Development
Home prices nationwide keep skyrocketing, despite continuous hikes in interest rates by the Federal Reserve, writes Andrew Van Dam for The Washington Post. While the simplest solution would be to boost supply, that has not been happening and available homes remain at a record low. When it comes to Pennsylvania, a look at the number…
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House of the Week: Luxury Townhouse in Fairmount
A luxury townhouse with three bedrooms and three full and two half bathrooms is available for sale in the heart of Fairmount. This exceptional residence has been elevated to the pinnacle of luxury with an array of premium features. It immediately impresses with the lovely foyer with hardwood floors, decorative marble accents, and access to…
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Penn Community Bank & PHDC Creating More Affordable Homeownership Opportunities
Recently, the Philadelphia Housing Development Corporation and the City of Philadelphia celebrated Turn The Key’s expansion across the city with a ceremonial ribbon-cutting. Turn the Key is a public-private partnership funded through the City’s Neighborhood Preservation Initiative to help up to 1,000 Philadelphia families become first-time homebuyers. City of Philadelphia employees get first preference. “The Turn the Key…
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House of the Week: Fine Townhouse with Amazing Views of Center City in Hawthorne
A fine townhouse-style home with four bedrooms and three and a half bathrooms is available for sale in Hawthorne. This lovely home with a classic brick facade offers amazing unobstructed views of Center City from the rooftop deck. . . Its gorgeous contemporary interior is accentuated by more traditional accents and high-end finishes. The residence…
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With the Homebuying Market As it is, Newlyweds are Creating ‘Home Funds’ to Aid in the Process
With home prices and mortgage interest rates seeing increases in recent years, homebuyers are finding alternative ways to help purchase their homes, writes Michaelle Bond for The Philadelphia Inquirer. For newlyweds, one alternative has been to set up a “home fund” on their wedding website in addition to their honeymoon fund. That’s what newlyweds Melissa…
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House of the Week: Gorgeous, Light-Filled Tudor in Garden Court
A gorgeous, light-filled Tudor home with five bedrooms and three and a half bathrooms is available for sale in Garden Court. Perfectly situated on Osage Avenue, one of the city’s most desirable tree-lined blocks. It is raised above street level to ensure privacy while also allowing the sun to shine through. . . This lovely…
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House of the Week: Sophisticated Contemporary Home in Chestnut Hill
A sophisticated contemporary home set on 1.91 lovely acres with four bedrooms and four bathrooms is available for sale in Chestnut Hill. This beautiful residence is perfectly nestled in one of the neighborhood’s quietest and most private locations while still being within walking distance of the commercial district of Chestnut Hill and commuter rail stations. …
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House of the Week: Lovely Victorian Home with Fascinating Past in Germantown
A lovely Victorian home set on 0.67 acres with six bedrooms and three full and two half bathrooms is available for sale in the Germantown neighborhood. This historic gem boasts a rich and fascinating past. The residence was originally part of John Coulter’s farm. It was built in 1851 by Samuel Emlen III and Sarah…
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