Please enjoy this Memorial Weekend edition of Capstone Law’s Philadelphia Real Estate Trends: For you next vacation don’t forget to consider….. Upper Darby. That’s right, Ashkenazy Acquisition of New York City announced plans to build a 100-room hotel and retail complex on 69th Street in the building that once housed a Sears and the Turf Club. State Representative Margo Davidson sees the project as the key to Upper Darby’s …
New Apartment Tower for Chestnut Street; Century 21 Comes to Philadelphia; and Comcast Spurs More Philadelphia Job Growth
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Philadelphia-based Pearl Properties announced plans to develop a 26-story rental apartment building with retail on the first two floors at the corner of 19th and Chestnut Streets in Center City. Pearl Properties — which will require a zoning variance or a re-zoning ordinance to construct a building of this size on this site — will present …
Can Market East Become Trendy; Modern Mixed-Use Project Targets Center City West; Darrell Clarke Pitches Affordable Housing
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: The death knell finally sounds for Girard Square — the 1970s-era single story retail strip located on Market Street between 11th and 12th Streets. This property — located within shouting distance of City Hall and the Pennsylvania Convention Center — has long been home to dollar stores, highly discounted clothing stores, and other low-rent district uses. The property’s owners already terminated the existing tenants and …
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 …
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, …