Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: It seems that every week brings yet more proposals for high-rise apartments in and around Center City. This week, the developers of uber-luxurious 1706 Rittenhouse (complete with single-floor residences and an automated parking garage) unveiled plans to construct a $150 million 26-story condominium tower at 5th and Walnut Streets, right across from Independence Hall. The Cecil Baker designed tower will include 40 …
Advances in Urban Parking
This week’s edition of Capstone Law’s Philadelphia Real Estate Trends focuses on parking trends in the Philadelphia area and beyond: Many of today’s urbanites rely on alternative modes of transportation, such as car-share programs, public transportation, and biking. This trend prompted cities like Philadelphia (pursuant to its new Zoning Code), Denver, and Boston to reduce and/or eliminate parking quotas for new construction, ultimately …