Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: After months of deafening silence, Councilwoman Jannie Blackwell finally agreed to support U3 Ventures’s potentially neighborhood game-changing apartment building proposed for 43rd Street and Baltimore Avenue. U3 intends to convert this vacant ground into a stunning Cecil Baker designed brick and glass building complete with 138 apartment units and ground floor retail space. Despite Councilwoman Blackwell’s …
The Future of Market East; Redevelopment of West Chestnut Street; and Hill International Announces a Move to Center City
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Can PREIT transform the downtrodden Gallery Mall in Center City? In its October 25th earnings call, PREIT’s CEO Joseph Coradino promised to bring upscale retail to the Gallery that would be “transformative – not just [for] the property, but probably for retail in Philadelphia.” Mr. Coradino envisions the Gallery as the epicenter of a revived Market East transforming the corridor “into a vibrant shopping, entertainment, …