Center City
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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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Why LOVE Park is Philadelphia’s Most Instagrammable Spot for History, Art, and Year-Round Events
Philadelphia’s LOVE Park, featuring the iconic “LOVE” statue is known as one of the city’s most Instagrammable spots, as it offers visitors a lively blend of history, public art, along with year-round entertainment, writes Kristin Conard for the Islands. Nestled in the heart of Center City, the park is just across from City Hall and…
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Center City Development Pipeline Rebounds with Focus on Housing, Creative Spaces
The 2026 Center City Real Estate Development Report shows that the development pipeline has bounced back, by focusing on residential and creative developments, with over $2.14 billion in major projects that are either finished or currently under construction, writes Tom MacDonald for WHYY. These recent projects have already added more than 500,000 square feet of…
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Center City’s Longest-Operating Japanese Restaurant Permanently Closes After More Than 4 Decades
Shiroi Hana, the longest-operating Japanese restaurant in Center City, has served its final meal as it has now closed, writes Michael Klein for The Philadelphia Inquirer. Its owners — husband and wife duo Robert and Patti Moon — have placed the building up for sale. “It’s sad. Very sad,” said Patti, who had been the…
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Long-Vacant LOVE Park ‘Flying Saucer’ Could Soon Gain New Life By This Spring
The Love Park Welcome Center, the Philadelphia landmark, has been vacant for over a decade, but that could soon change by the spring, writes Tom MacDonald for WHYY. The “flying saucer” closed in 2021 when LOVE Park underwent a complete renovation. At the time, the post-renovation plan was for the structure to become a restaurant.…
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Hamilton Lane Expands Headcount to Fuel Fast-Growing Business
Hamilton Lane, which has recently opened a new Center City office, may soon need additional space downtown as its headcount continues to expand due to a rapidly growing business line, writes Jeff Blumenthal for the Philadelphia Business Journal. In September 2024, the firm, which focuses on private markets investing, opened its office at One Logan…
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Iconic Center City Dive Bar Raises Age Limit for Entry After Fake ID Surge
Dirty Franks, the iconic Center City dive bar has increased its age limit from 21 to 25, writes Julia Binswanger for Billy Penn at WHYY. While co-owner Jody Sweitzer said she didn’t want to make that decision, she said she had to do so to protect the bar after a surge of underaged customers have…
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Philadelphia Historical Commission Greenlights Reuse Plan for Wanamaker’s Grand Court
The Philadelphia Historical Commission recently approved the first steps of the planned reuse of the Wanamaker Building’s Grand Court, writes Kimberly Haas for Hidden City. The historic building, which was designed in 1910, is considered a landmark anchor for the long-struggling Market East corridor. It was added to the Philadelphia Register of Historic Places in…
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New Report Details Who Has Been Moving Into Center City’s New Apartment Buildings
Center City has seen a major influx of new apartments in recent years and a new report breaks down the demographics of the individuals who have been moving into them, writes Molly McVety for PhillyVoice. A recent survey published by the Center City District shows that Philadelphia has been attracting many new residents from other…
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Two Philadelphia Firms to Merge, Deal Expected to Help Each Expand and Integrate Portfolios
Philadelphia firms Ceisler Media & Issue Advocacy and Athena Global Advisors, respectively, are set to merge, writes Jeff Blumenthal for the Philadelphia Business Journal. Both firms are in the belief that the merger will help each expand and integrate their portfolios of client services moving forward. As a result of the merger, Athena, a marketing…
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After Sonder’s Collapse, Witherspoon Building Returns to Long-Term Rentals
The 186-unit Witherspoon Building has transitioned from short-term rentals into a more traditional leasing model following the sudden collapse of Sonder Holdings, writes Emma Dooling for the Philadelphia Business Journal. SSH Real Estate, which owns the Center City building in partnership with Young Capital, is now repositioning the property as a traditional rental asset. According…
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Di Bruno Bros. to Close Three Stores, Including Center City Market at Franklin Residences
Di Bruno Bros. will be closing three of its five locations in the coming weeks, including its Center City market, write Denali Sagner and Michael Klein for The Philadelphia Inquirer. The Center City store, which is located at the Franklin Residences on Ninth Street is scheduled to close on Wednesday, February 11. Meanwhile, Di Bruno’s…
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Four Seasons Hotel Philadelphia Transforming Comcast Executive’s Former Residence Into 8 Luxury Suites
The Four Seasons Hotel Philadelphia is turning Comcast CEO Brian Roberts’ former condominium at the Comcast Technology Center into eight luxury suites, writes Emma Dooling for the Philadelphia Business Journal. These changes will bring the total rooms at the acclaimed Center City hotel to 227. The hotel’s new Sky Garden floor is expected to debut…
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Comcast Nears $117.5M Settlement Deal in Yearslong Data Breach Lawsuit Proceedings
Comcast has reached a $117.5 million deal to settle 24 class-action lawsuits stemming from a 2023 data breach that might have impacted more than 30 million customers, writes Abraham Gutman for The Philadelphia Inquirer. The agreement received preliminary approval from a federal judge earlier this month. If the current terms of the agreement gets fully…
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The Soft Pretzels At This Reading Terminal Market Spot Will Have You Hooked
At Miller’s Twist, one of the many food spots inside Reading Terminal Market, soft pretzels are far more than just a delicious snack, writes Claire Allard for Family Destinations Guide. Soft pretzels are more like an art form at Miller’s Twist. From the moment you enter Reading Terminal Market, the aroma is sure to catch…
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Center City Office Building Heads to Open Market As Foreclosure Process Nears End
The 1700 Market Street office building in Center City is being placed on the market as its yearslong foreclosure process nears its end, writes Paul Schwedelson for the Philadelphia Business Journal. Cushman & Wakefield, the receiver for the Center City building, is responsible for marketing and selling the 32-story property that is currently owned by…
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Center City Office Leasing Market Saw Strong End to 2025, Here’s Why
More than five years after the pandemic lead to Center City seeing less and less commuters, its office market is finally getting more stable. This is due to an increase level of tenant interest in trophy properties, writes Noah Zucker for BisNow. According to JLL, the city’s central business district — which includes Center City,…
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Wicked Wolf, Popular Center City Sports Bar & Club, Closes Doors After 3 Years
Wicked Wolf, a popular sports bar and club in Center City, has closed its doors after just a few years in business, writes Joe Hyer for WPST. This closure comes just weeks after its Hoboken, New Jersey location also shut down after 15 years in business. Sean Sullivan, the bar’s owner, said the closure was…
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