Updated: March 16, 2018 — 4:48 PM EDT
by Jacob Adelman, Staff Writer
Plans by Toys R Us to shutter its nationwide empire of big-box stores that sell toys, kids’ clothing, and baby goods are poised to empty nearly a million square feet of retail space in the Philadelphia region, a new headache for landlords already seeking tenants for properties vacated by other bankrupt and shrinking retailers.
Wayne, N.J.-based Toys R Us Inc. operates 34 Toys R Us and Babies R Us stores in Southeastern Pennsylvania, South Jersey and northern Delaware, accounting for 967,544 square feet of space, according to data compiled by real estate market tracker CoStar Group.
The chain owns just nine of those properties, leasing the others from commercial landlords who are soon to be faced with finding new tenants amid a dwindling pool of users of big-box spaces. [Read Full Article]
We can’t say exactly when it will happen, but sometime in the not-too-distant future, private cars will go the way of the dinosaur. For now, however, people continue to demand, and developers continue to build, houses and apartments across Philadelphia with substantial space devoted to car storage.
So let’s take a moment to applaud the new, darkly handsome apartment building at 1213 Walnut, the first Philadelphia high-rise designed for the post-ownership era. Not only is there no automobile parking on site, the 322-unit building boasts its very own woonerf, a narrow, curbless street that serves pedestrians and vehicles equally. The space allows ride-hailing vehicles and delivery trucks to do their work without tying up Walnut Street’s already congested bus lane. The open-air passage, which hugs the tower’s west side, like a continuation of Camac Street, also makes a great pedestrian shortcut. [Read Full Article]
You have your formal side and your casual side.
This new French-inspired home lets you express both.
Our Anglophilia serves us poorly in one respect: It doesn’t really let us let our hair down.
The center-hall Colonial, the product of that Anglophilia, is all about formality, reserve and propriety. But in these times, we’re more inclined to kick back and relax in a more casual environment where we can do as we please.
Yet there are times when formality is what’s called for. And many modern homes have no way to let you get dressed up.
Projects are sprouting up in Center City, King of Prussia, South Jersey and across the region. It’s an exciting time.
The Philadelphia Business Journal each year honors the Best Real Estate Deals of the year – anything from building sales to renovations to project completions. Through an extensive nomination process, we endeavor to honor the deals with the highest impact on the region – the gamechangers, if you will.
The first edition of this series spotlights the top 100 student housing properties of 2017 by online reputation. To compile our rankings, we tracked more than 1,100 such developments nationwide across various review sites.
In January 2018, we undertook an extensive national research project to study how students have evolved in their consumption of reviews and responses. Our research shows that harnessing the power of content in both reviews and responses is critical to generating an increase in student traffic. More than 21,000 students say that reviews continue to have a significant influence on their decision-making regarding housing. With that, students have become more perceptive about and discerning of the content of reviews. (The complete results of the survey will be unveiled at the 2018 NAA Campus Connex Conference, Feb. 13–14, in Orlando, Fla.) [read full article]
Goldman Sachs & Co. provides the $163mm non-recourse financing Volume 29 Issue 23 – December 8 – 21, 2017
PHILADELPHIA, PA — The Goldenberg Group has begun construction on a $199 million student housing development adjacent to its signature student tower, The View at Montgomery.
Located at 12th St. and Cecil B. Moore Ave., the 470,000 s/f mixed-use facility will feature 984 beds.
The project will incorporate 30,000 s/f of ground-level retail, restaurant and commercial space and activity areas.
The project represents the second and final phase of Goldenberg’s master-planned redevelopment of the 4.6-acre site of the former John Wanamaker
High School. This phase was designed to complement The Goldenberg Group’s existing 832-bed student housing development, The View at Montgomery. [Read Full Article]
The Goldenberg Group is creating a mixed-use community that benefits Temple University students and Philadelphia residents alike.
In September, The Goldenberg Group broke ground on the final phase of its redevelopment of JohnWanamaker High School, located near Temple University in Philadelphia. At completion, the 4.6-acre property will provide more than 1,800 beds for Temple students and 40,000 square feet of retail, restaurant and commercial space in a resort-style community.
Atlanta-based Niles Bolton designed the latest phase of the off-campus housing project, located at 12th Street and Cecil B. Moore Avenue. The $199 million, 470,000-square-foot
phase will feature 984 beds in one-, two-, three- and four-bedroom configurations, along with 30,000 square feet of retail space. It is slated to open in time for fall 2019 occupancy.
November 15, 2017, 2:35 pm | Lower Macungie Township
Hamilton Crossings is kicking off the holiday shopping season a little early with a special event featuring food, hot chocolate, live music, giveaways — and a chance to help those less fortunate in the Lehigh Valley.
The event will run 6-8 p.m. Thursday at Hamilton Crossings’ public gathering space near Shelby Restaurant.
The Lower Macungie Township shopping center and its developers are asking visitors to bring nonperishable food — peanut butter and jelly, canned goods, rice or other items — to be donated to Second Harvest Food Bank, which serves more than 60,000 residents monthly, according to a news release.
About 450 people attended the sold-out March of Dimes Commercial & Industrial Real Estate Awards breakfast this morning at the DeSales University Center in Upper Saucon Township.
This year’s recipients are: L. Charles Marcon as Individual/Organization of the Year and Hamilton Crossings for Project of the Year.
[Read Full Article]
Blue Bell-based Goldenberg Group has broken ground on a 984-bed student-housing development near the Temple University campus at 12th Street and Cecil B. Moore Avenue.
The $199 million project will include 30,000 square feet of ground-level retail, restaurant and commercial space opening to a plaza with seating, green space, and activity areas, Goldenberg said in a release Wednesday. [Read Full Article]