Real Estate
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Callowhill Development Site, Approved for 162 Apartment Units, Listed Off-Market for $8M
A Center City development site that was previously approved for 162 apartment units is currently being listed for $8 million, writes Ryan Mulligan for the Philadelphia Business Journal. In 2021, permits were approved to build a 12-story multifamily structure on the 11,500-square-foot parking lot on Callowhill Street. However, the permits have since expired and would…
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House of the Week: Charming Colonial in Manayunk
A charming colonial home set on an attractive 0.65-acre lot with nine bedrooms and four bathrooms is available for sale in Manayunk. This distinctive residence spans approximately 5,800 square feet and offers exceptional versatility with four separate units under one roof. The property presents a rare opportunity to become a large family home, multi-generational living,…
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New Warrington Development to Feature Five Modern Million-Dollar Homes
Developers recently held a groundbreaking ceremony for a new development of five modern million-dollar homes coming soon to Warrington, writes Lacey Latch for the Bucks County Courier Times. The new development will be located along Elbow Lane. The custom homes within the Pace Way project, a small gated community, will span roughly 4,000 square feet.…
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This Age Group is Philadelphia’s Fastest-Growing Population of Renters
Philadelphia gained about 39,200 renters aged 65 and older between 2013 and 2023, making them the largest and fastest-growing population in the region for renters, writes Michaelle Bond for The Philadelphia Inquirer. This marked a 24 percent increase, while the number of renters in the 55 to 64 year old age group grew by about…
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Jamison Property with Wawa, Tractor Supply Sells for $12.2M to ExchangeRight
The Warwick Village Commons in Jamison, which includes Wawa and Tractor Supply stores as well as approximately 12 acres of undeveloped land, has been acquired by California-based ExchangeRight for $12.17 million, writes Ryan Mulligan for the Philadelphia Business Journal. Arctrust of Clifton, New Jersey, and Doylestown-based Verrichia built the property as part of a joint…
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Doylestown Emerging as Region’s Next Hotspot for Luxury Real Estate
With home prices increasing as nearby businesses continue to grow, Doylestown could be emerging as the region’s next luxury real estate hotspot, writes Ryan Mulligan for the Philadelphia Business Journal. Doylestown’s charming downtown and convenient access to major roads are among the reasons buyers have been willing to pay a premium to live in the…
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Solebury Acquires One of the Largest Undeveloped Tracts in Township
Solebury Township has acquired the former New Hope Crushed Stone & Lime Co. quarry for $1.6 million, writes Jeff Werner for the Patch. The purchase of the 166-acre site secures one of the township’s largest undeveloped tracts. It features a 60-acre lake and more than 3,000 feet of stream corridor along Primrose Creek. The property…
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Philadelphia Landmark Buildings Gaining New Life, Thanks to Developers
Local developers gathered at the recent “Conversion City” event to discuss the opportunities and challenges involved in repurposing Philadelphia’s landmark buildings, writes Paul Schwedelson for the Philadelphia Business Journal. Leo Addimando, managing partner of Alterra Property Group, emphasized that the key to redeveloping older buildings is to expect the unexpected. “You have to assume that…
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Here’s How An Unlikely Suitor Managed to Acquire UArts’ Iconic Hamilton Hall
When the University of the Arts announced its bankruptcy and subsequent closure, many suitors showed interest. An unexpected suitor, however, managed to acquire UArts’ iconic Hamilton Hall and Furness Hall, writes Paul Schwedelson for the Philadelphia Business Journal. Scout, a Philadelphia-based development firm, is that suitor, paying $12.25 million for the two buildings. The firm…
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Micro-Rental Trend, Big on the West Coast, Increasing in Philadelphia
While micro-housing started out as a solution for factory works and newcomers to a big city, it has since become a trend for many others. The trend has been primarily a West Coast one, but it has started moving elsewhere throughout the country, such as the Northeast, where Philadelphia leads the charge, writes Andrei Popa…
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House of the Week: Magnificent Mansion in Wynnefield
A magnificent manor on a lovely 0.26-acre lot with six bedrooms and three and a half bathrooms is available for sale in Wynnefield. This beautiful residence blends classic charm with thoughtful updates, offering a refined lifestyle in a coveted setting. Refined details include leaded-glass accents, extensive millwork, oak flooring, beamed ceilings, and arched passageways. .…
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Six Chester County Suburbs Named Among the Best in the Philadelphia Region
In a recent ranking of the twenty-five best suburbs in the greater Philadelphia area, six Chester County towns and suburbs placed in the top fifteen, writes staff for Stacker. Using data from Niche, Stacker evaluated suburban Philadelphia towns based on several criteria. This included diversity, cost of living, the percentage of population with college degrees,…
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Median Home Sale Prices in Bucks County Continue to Climb
March Realtor data shows that Bucks County buyers and sellers experienced higher median home sale prices than in the previous month, which was $440,000, writes Ozge Terzioglu for the Bucks County Courier Times. In March, the median home price in Bucks County reached $474,400, a 7.8 percent increase from February. Compared to last year, the…
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Hidden in the Walls: Uncovering Forgotten Home Features
Houses have always reflected the technology, lifestyles, and culture of their times. Across the decades, American homeowners tailored their homes to fit their visual preferences and practical needs. As technology developed, home features once considered trendy quickly fell out of fashion and function. To celebrate American Housing Month, we’re looking to the past to explore…
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Philly Pretzel Factory Founders Get In On Bensalem Warehouse for $4.3 Million
Philly Pretzel Factory co-founders, CEO Dan DiZio and Len Lehman, recently purchased a warehouse neighboring the company’s headquarters in Bucks County for $4.3 million, writes Emma Dooling for the Philadelphia Business Journal. The pair, along with investors from Pretzel 98 LLC, bought the warehouse at 1824 Byberry Road in Bensalem. The property features a 31,000-square-foot…
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5 Delaware County Communities Make Top 25 Best Places to Live
Five Delaware County communities made a top 25 list compiled by Stacker of the best places to live in the Philadelphia area. One of the communities placed in the top five. Schools in the five communities were A+ or A. Outdoor activities also received an A. From lowest to highest are: Radnor Township, population 33,260,…
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Five Port Richmond Stores Purchased By Cleveland Real Estate Firm, One Conversion to Occur
Curbline Properties, a suburban Cleveland-based real estate firm, has purchased five commercial properties along Aramingo Avenue in Port Richmond for approximately $14.8 million, writes Erin McCarthy for The Philadelphia Inquirer. The properties include a Wawa, a Dunkin’, and an Applebee’s, as well as a former Rite Aid that is currently in the process of being…
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House of the Week: Lovely Traditional in Mantua
A lovely traditional home set on a 3,200-square-foot lot with four bedrooms and two and a half bathrooms is available for sale in Mantua. This versatile residence offers endless potential, whether it be reimagined as a multi-unit investment, a newly built apartment complex, or simply remains as a spacious private single-family home. Character-filled details include…
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