Real Estate
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Mayor Parker Launches New Task Force to Revitalize, Renew Struggling Market East Corridor
Mayor Cherelle Parker and her administration have announced the formation of the Market East Advisory Group, tasked with renewing Market East, write Joe Brandt and Natasha Brown for CBS News Philadelphia. The new task force is a partnership between Comcast, the Philadelphia 76ers, the Fashion District’s owner Macerich, Brandywine Realty Trust, Thomas Jefferson University, Visit…
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Planned Demolition of Market Street Buildings Raises Concerns for Many Community Members
Last month, it was announced that Comcast and the Philadelphia 76ers planned to have the buildings on Market East they acquired this past summer demolished. While there has not been any update as to what plans are after the demolition, some residents are raising concerns, writes Mike D’Onofrio for AXIOS Philadelphia. Debbie Wei, a member…
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Doylestown Mill-Turned-Home Heads to Auction After Two Years on the Market
Shelly Mill, once an active Doylestown mill now restored into an expansive private residence, is set to go to auction two years after it first hit the market, writes Ryan Mulligan for the Philadelphia Business Journal. The 9,500-square-foot property was initially listed in September 2023 for just under $4 million, but this has since dropped…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group acquired the 27-story, Center City building from a partnership between two firms, Sterling Equities in New York and Greenville Partners based in West Chester. This sale close comes more than…
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House of the Week: Stunning Brick Colonial in University City
A stunning brick colonial home set on a lovely 9,148-square-foot lot with six bedrooms and three full and three half bathrooms is available for sale in University City. This exceptional residence exudes charm and sophistication along with abundant natural light from four exposures and thoughtfully raised gardens that ensure privacy. . . The versatile first…
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Buckingham Developer Looks to Breathe New Life into General Greene Inn
Buckingham real estate investor and builder Bob Welch is hoping to breathe new life into the historic General Greene Inn, writes Jeff Werner for the Patch. Welch has signed agreements to buy the building located at the intersection of Durham and Old York roads, in the heart of Buckingham Township. The deal was announced by…
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House of the Week: Stunning Designer Condo with Dramatic Skyline Views in Rittenhouse Square
A stunning designer condo with three bedrooms and three and a half bathrooms is available for sale in Rittenhouse Square. This spectacular residence offers high-rise living with dramatic skyline views and sophisticated design. Many refined details include floor-to-ceiling windows, shaker French doors, Poggenpohl cabinetry, and custom marble finishes, all reflecting careful attention to quality and…
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Abrams Realty’s Plan for Exton Square Redevelopment Rejected
Abrams Realty & Development plans to file a lawsuit following the West Whiteland Township Board of Supervisors’ rejection of its master plan to redevelop the Exton Square Mall, writes Noah Zucker for BISNOW. “For political reasons, it looks like these guys didn’t want to approve us,” said developer Peter Abrams. “My partners and I view this…
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Developer Withdraws Plans For Controversial Warehouse In Buckingham
Developer J.G. Petrucci will permanently withdraw plans for a warehouse at the site bordering Cold Spring Creamery Road in Buckingham Township under a stipulation agreement, writes Jeff Werner for the Patch. “The stipulation, once fully executed and approved by the Bucks County Court, will end all litigation and permanently withdraw the warehouse application with prejudice,”…
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Vacant Pharmacy Locations Offer Prime Opportunity for Philadelphia’s Grocers
As many retail spaces that were formerly occupied by struggling national pharmacy chains hit the market across Philadelphia, grocers are viewing them as ideal spots to grow their footprint, writes Noah Zucker for BisNow. A former Walgreens space located at Broad and Snyder streets in South Philadelphia will soon become a Met Fresh supermarket. The…
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Ohio Investment Firm Buys Quarry Center in Havertown for $80M
The Quarry Center at 116 Township Line Road in Havertown has been sold for more than $80 million to Ohio-based Mid-America Management, writes Paul Schwedelson for Philadelphia Business Journal. The price paid is one of the highest in the Philadelphia region in recent years for a grocery-anchored shopping center. The 31-acre, 222,500-square-foot shopping center, anchored…
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Toll Brothers Plans Massive Age-Restricted Community on 100 Exton Acres
Toll Brothers has paid $70 million for a 100-acre site in Exton, where it plans to construct its largest age-restricted residential development in the Philadelphia area, writes Ryan Mulligan for the Philadelphia Business Journal. The luxury homebuilder, based in Fort Washington, acquired the parcel at 301-305 Church Farm Lane. The planned project will have 317…
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Affordable Senior Living Community, Named After Late Chairman of Firstrust Bank, Opens in Bucks County
State and local officials recently joined community supporters to celebrate the opening of Federation Housing’s newest senior living community, the Daniel B. Green House. The 60-unit community in Trevose will help address the Philadelphia region’s growing demand for affordable housing for older adults. Dedicated to providing housing for individuals who meet low-income housing requirements, the community will allow…
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Developer Plans $50M Five-Story Mixed-Use Project in Conshohocken
Buccini Pollin Group is planning to build a $50 million, five-story mixed-use development near Conshohocken transit hub, adding apartments and retail to the area, writes Ryan Mulligan for the Philadelphia Business Journal. The proposed development would feature 115 apartments and 5,400 square feet of retail space, replacing part of the parking lot that now serves…
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This Philadelphia Program Has Helped 1,000 Local Homeowners Complete Their Wills
The Will Power Program was launched in 2022 to provide free real estate planning to Philadelphia’s low-income homeowners. Three years later and the program has just helped its 1,000th Philadelphia homeowner with their will and other related legal documents, writes Aaron Moselle for WHYY. Debby Freedman, executive director of Community Legal Services, spoke on the…
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Doylestown Council Green Lights New 47-Room Boutique Hotel
During a recent meeting, the Doylestown Borough Council approved both preliminary and final land development plans for a 47-room boutique hotel at 57 West Court Street, writes Jeff Werner for the Patch. The hotel will be constructed at the site of the former Doylestown Borough Hall and police station. Along with the guest rooms, the…
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House of the Week: Lovely Victorian Home in Pine Valley
A lovely Victorian home set on an attractive 5,227-square-foot lot with six bedrooms and four and a half bathrooms is available for sale in Pine Valley. This inviting residence offers a perfect blend of comfort, style, and family-friendly living in a highly sought-after neighborhood. . . Among the highlights are double entertainment/living areas, a dining…
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These Delaware County ZIP Codes Saw the Fastest Selling Homes in the Second Quarter
Four Delaware County ZIP Codes saw homes selling in 55 days or less during the second quarter in the Greater Philadelphia Area, writes Ryan Mulligan for the Philadelphia Business Journal. The Business Journal conducted a second-quarter analysis of the country’s hottest housing markets by ZIP Code, based on quarterly listing and sales data from Intercontinental…
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