Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Franklin Mills, the mega outlet mall in Northeast Philadelphia, opened in the late 1980s to great fanfare. It once served as a regional tourist destination and attracted over 18 million shoppers annually during its mid-1990s heyday. The center, now owed by Simon Property Group, has recently fallen upon difficult …
Uber-Luxury Condos for Society Hill; King of Prussia Mall Expands; Details on Blatstein’s South Philly Project Emerge
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 …