Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Philadelphia’s Franklin Residential hopes to reinvigorate Glenside, Pennsylvania — one of the region’s sleepier suburbs — with its acquisition and redevelopment of Keswick Village. The historic 1920s-era village sits on 2.5 acres of land adjacent to the historic Keswick Theatre performing arts venue. Franklin intends to significantly renovate the tired-looking but historically significant neighborhood and construct 55-plus housing on …
TOD Opportunities Increase; Midtown Village Attracts Tech and Creative Types; Pantzer Properties Increases Its Center City Holdings
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: In another sign of Philadelphia’s growing preference for mass transit, SEPTA extended its experimental 24/7 weekend service indefinitely. This announcement comes after SEPTA set yet another record for regional rail ridership. The region’s growing reliance on mass transit should result in additional transit-oriented developments. This trend bodes well for Dranoff Properties’ One Ardmore Place and Keystone Property Group’s One Conshohocken, …
New Owners for Iconic Washington Square Buildings; Another New Headquarters For Malvern
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Keystone Property Group of Bala Cynwyd agreed to acquire Washington Square’s iconic Curtis Center for $133 million from a fund controlled by Apollo Global Real Estate. The circa early 20th century landmark once served as the headquarters of the Curtis Publishing Company, the publisher of Ladies’ Home Journal and The Saturday Evening Post. While the building currently houses offices, retail uses, …