The Future of Market East; Redevelopment of West Chestnut Street; and Hill International Announces a Move to Center City

Stupickles Blog Posts

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, …

Philly Apartment Market Catches Fire; Strip Malls Flounder; and the Possible End of an Era in NE Philly

Stupickles Blog Posts

    Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends:   The Philadelphia multi-family rental market continues its impressive growth. According to Marcus & Milichap’s Fourth Quarter Report, strong job and population growth in our region fueled significant gains in the rental apartment sector during the first nine months of this year. Apartment rents in the region rose by approximately 1.1% last …

Advances in Urban Parking

Stupickles Blog Posts

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 …