Center City
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Meet the Philly-Based Licensed Professional Dedicated to Reshaping the Conversation Surrounding Mental Health
Since 1949, May has been designated nationwide as Mental Health Awareness Month to help increase awareness of mental health and wellness, and celebrate recovery. The conversation surrounding mental health has evolved drastically in the 76 years since this establishment. Here in Philadelphia, one licensed professional counselor is dedicated to ensuring the conversation surrounding mental health…
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EV-Ready Residential Tower in Philly Highlights Sustainability Focus in Luxury Real Estate
The luxury real estate market across the country is embracing sustainability in full, and an EV-ready residential tower in Philadelphia stands out as a leading example, writes Abby Montanez for the Robb Report. Developed by Midwood, the building at 210 South 12th Street embraces sustainability in a tech-forward way. The Center City residential tower features…
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TF Cornerstone Holds $120M Advantage As Historic Wanamaker Building Faces Foreclosure Auction on June 3
The historic Wanamaker building in Center City is set to face a foreclosure auction on June 3, with TF Cornerstone coming into the bidding process with a $120 million advantage, writes Paul Schwedelson for the Philadelphia Business Journal. The New York developer holds the majority of the building’s debt, which has been at risk of…
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Schuylkill River Trail Extension From Center City to Grays Ferry to Open Saturday, May 17
The Schuylkill River Trail extension that will connect Center City with Grays Ferry is set to finally open on Saturday, May 17, writes Mike DeNardo for KYW Newsradio. The $48 million extension project is a half-mile trail section supported by two cable-stayed bridge towers that is visible from the Schuylkill Expressway. It links the Schuylkill…
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What Could Become of the Wanamaker Building Under New Ownership? Here is An Idea
After negotiations with Philadelphia-based Rubenstein Partners are complete, the iconic Wanamaker building will fully belong to Manhattan-based real estate company, TF Cornerstone, writes Jake Blumgart for The Philadelphia Inquirer. TF Cornerstone had owned the 435,000-square-foot portion of the building that currently contains Macy’s since 2019, before purchasing the debt for the remaining 954,262-square-foot office portion…
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Mütter Museum’s New Leadership Intends to Lean on Entire Collection to Provide Deeper Context for Specimens
After two tumultuous years for Mütter Museum, the new leadership is working on reimaging the exhibits to present a fuller context for the specimens, writes Alan Yu for WHYY. Science historians Sara Ray and Erin McLeary are now in charge of Philadelphia’s famous medical history museum that is visited by hundreds of thousands of people…
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1,100 New Apartments to be Added to Center City As Office Conversion Projects Continue
Center City is preparing to add more than 1,100 new apartments as countless office-to-residential conversion projects continue to take place throughout the area, writes Paul Schwedelson for the Philadelphia Business Journal. Through these projects, Philadelphia gets to address the dropping office vacancy rate while also increasing the city’s tight housing supply simultaneously. “In some cases,…
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Moore College of Art & Design Graduates Largest Class in Over 20 Years at 176th Commencement
Moore College of Art & Design in Philadelphia graduated its largest class in over two decades during the 176th Commencement that was held on May 10, according to the school. Held at Marian Anderson Hall at the Kimmel Center for the Performing Arts, the ceremony welcomed 134 new graduates, including 129 Bachelor of Fine Arts,…
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Temple University Announces Plans to Vacate Center City Building Location
Temple University has plans to move out of its Center City location inside the 1515 Market Street office tower, writes Noah Zucker for BisNow. Temple currently occupies 130,000 of the 502,000-square-feet of the building. In February, Temple spent $18 million on the former University of the Arts’ Terra Hall, the largest piece of the shuttered…
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‘State of Center City’ Report Challenges Misconceptions About Safety, Office Demand, and Residential Appeal
Five years after the start of the pandemic, Center City is still struggling to change misconceptions over safety, office space demand, and residential appeal, writes Michaelle Bond for The Philadelphia Inquirer. According to Prema Katari Gupta, president and CEO of Center City District, despite data to the contrary, these narratives have had “remarkable staying power”…
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Philadelphia’s First Major Office-to-Residential Conversion Went Smoothly, Leasing Starts in March
Philadelphia’s first major office-to-residential conversion since the pandemic is set to be completed this spring, with leasing beginning in March, writes Jake Blumgart for The Philadelphia Inquirer. Alterra Property Group’s conversion of 1701 Market Street is the only such major project nearing completion, despite ongoing discussions over turning empty office spaces into residences since 2020,…
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See How Comcast CEO Brian Roberts’ 2024 Compensation Compared to Previous Year
Comcast Corp. CEO Brian Roberts saw a noticeable 4.5 percent drop in his 2024 pay, writes Ryan Mulligan for the Philadelphia Business Journal. His pay in 2024 was $33.86 million compared to $35.47 million in 2023, according to Comcast’s annual proxy report. Roberts‘ 2023 compensation was his highest in four years at the point. Between…
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Ten Penn Center in Center City Set to Go Up for Sale
Ten Penn Center, the 27-story office tower in Center City owned by New York-based Sterling Equities and West Chester-based Greenville Partners, is set to hit the market, writes Paul Schwedelson for the Philadelphia Business Journal. The 668,000-square-foot building was constructed in 1981 and purchased by its current owners in 2006 for $75 million. The property,…
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Peirce College Announces Patty Jackson As 2025 Commencement Ceremony Keynote Speaker
Peirce College is honored and excited to announce that Patty Jackson, WDAS radio personality and Philadelphia legend, will be the keynote speaker for the 2025 Peirce College Commencement Ceremony! Jackson will address graduates at the College’s 160th Commencement Ceremony, to be held at the Miller Theater in Center City Philadelphia. A proud South Philadelphia native,…
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Philadelphia Orchestra Promotes Interim President and CEO to Permanent Role
The Philadelphia Orchestra has appointed a new president and CEO in the promotion of Ryan Fleur, writes Ronald Blum for AP News. Fleur has been filling in as the interim president since his predecessor Matias Tarnopolsky left the role to lead the New York Philharmonic in January. He is no stranger to the organization, as…
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Philly-Headquartered Macquarie Acquired By Japan-Based Investment Company, Plans to Make City a Hub
Nomura, one of the largest investment companies in Japan, has agreed to buy Australia-based Macquarie’s U.S. investment management arm along with two smaller European affiliates for $1.8 billion, writes Joseph N. DiStefano for The Philadelphia Inquirer. The acquired companies manage $180 billion worth of stocks and bonds for individual investors, insurance companies, and other institutions.…
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Historical Society of Pennsylvania Remembers Pope Francis’ 2015 Philly Visit, Thanks to Collection of Souvenirs
In 2015, Pope Francis made a historic visit to Philadelphia. Upon that visit, the director of the Historical Society of Pennsylvania, Lee Arnold, made sure to find and collect as much memorabilia as possible to document that visit, writes Peter Crimmins for WHYY. The souvenirs collected include 3D photos of the Pope, “I [heart] the…
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USA TODAY Lists Franklin Square Among the Nation’s Best Public Squares
USA TODAY has compiled its 10BEST rankings for the best public squares in the nation and Philadelphia’s Franklin Square made the list, writes Michele Haddon for Philly Burbs. Franklin Square was named the fifth-best public square in the United States. It lists its offerings as a peaceful retreat as one of the things that helps…
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