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 …
Drexel Expands Its Empire; Sleepless in… Philadelphia?; New Opportunity for South Broad Street
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Drexel University strikes again! Drexel, in partnership with Wexford Science and Technology, LLC, acquired the 14 acre former home of University City High School, The Charles Drew Elementary School, and the Walnut Center in University City. Drexel intends to transform this section of University City into a $1 billion dollar project consisting of a …
New Hotel at Drexel Univ; Toll Brothers Backs Away From Rittenhouse; Hope for the Divine Lorraine
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Drexel University’s campus continues its robust growth. Hospitality 3 of New York announced plans to construct a 10 story, 212-room hotel on Drexel’s campus at 33rd and Chestnut Streets, based on the company’s successful “The Study” concept located at Yale University. The project — which will include a restaurant, fitness center, and banquet space — …
Large Project to Connect Center City and University City; Luxury Apartments for Broad Street; New Design Demanded for Market East High-Rise
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Exciting developments continue occurring around Drexel University’s campus in University City. In the next several weeks Drexel University, Amtrak, Brandywine Realty Trust, and other University City area institutions will select a developer to build a large project over the railroad tracks at 30th Street Station. These tracks have created a barrier between University City …