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 …
Relationship Between Real Estate and Transportation
This week’s edition of Capstone Law’s Philadelphia Real Estate Trends focuses on the symbiotic relationship between real estate and transportation. The Center City District and the Central Philadelphia Development Corporation recently released their “How Philadelphia Gets to Work” report. The report found that 70% of Philadelphians rely on public transit to commute to work and that housing values generally held up far better during the recession …