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 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 …
National Investors Invade Philadelphia; Land Bank for Vacant Properties; and Famous Chefs Enter South Jersey
Please enjoy the Halloween edition of Capstone Law’s Philadelphia Real Estate Trends: National investors continue to flock to Philadelphia’s multi-family assets. This past summer, Chicago-based The John Buck Company opened its 34-story luxury apartment complex at 2116 Chestnut Street. On the heels of the JBC investment comes word this week that Los Angeles-based Lowe Enterprises Investors acquired the Granary from Philadelphia’s Pearl Properties for approximately $120 …