Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Comcast continues its robust growth in Center City, Philadelphia. Comcast seeks to secure an additional 65,000-75,000 square feet of office space near its John F. Kennedy Boulevard headquarters, which excludes any additional space it may need if its pending acquisition of Time Warner Cable is approved. Comcast’s growth creates tremendous opportunity for Philadelphia by showing the world …
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 …
Massive New Multi-Use Complex on North Broad Street; PREIT Takes on Rittenhouse Row; and New Dorms Rise in University City
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Developers continue to develop surface parking lots and abandoned buildings on the strip of Broad Street between Center City and Temple University. Just this week, Parkway Corporation unveiled plans to build a massive complex they’ve dubbed “Hanover North Broad” at Broad and Callowhill Streets. The two–building project will include 339 apartments and 17,000+ square feet of retail space. Parkway will unveil additional detail to the Philadelphia 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, …
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 …