Tag Archives: featured

Philadelphia’s 10 Largest Communities Under Development


By Tudor Scolca
June 5, 2018

From Center City to the suburbs, developers find rising demand for live-work-play environments. Luxury high-rises, student housing and creative redevelopments lead the list.

The Philadelphia multifamily market continues to present strong fundamentals in 2018, despite a rent growth of 1.9 percent, 60 basis points below the national average as of April. The metro is currently experiencing a construction boom, thanks to the strong influx of Millennials moving into the city. Since 2010, multifamily completions have steadily increased, reaching a peak in 2017, when roughly 5,000 rental units were delivered. This year development is unlikely to hit that high mark again, but with almost 9,000 units underway in the metro, construction activity will remain elevated.

The development pipeline in Philadelphia’s suburban submarkets has had a steadier increase over the cycle, while urban areas have relatively held steady for several years. This list highlights the 10 largest communities currently under development in the metro area, six of which are situated within the market’s core areas, while the remaining four are being built in the suburbs. Mixed-use projects are on the rise, with many entries on the list being incorporated into large live-work-play developments. All data for the piece was provided by Yardi Matrix.

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Parkside community gathers to celebrate success


By Bob Brooks
Saturday, June 02, 2018

PHILADELPHIA (WPVI) — People from the Parkside section of Philadelphia showed up on Saturday to mark a big anniversary.

The sun was shining on the 11th Annual Festival at ParkWest Town Center.

With all kinds of entertainment, games, food and pony rides, the festival was certainly a blast.

But most importantly, the purpose of the event was to celebrate a lot of successful hard work to change a neighborhood for the better.

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Urban oasis at 17th and Carpenter recently reaches fundraising goal


By Grace Maiorano
May 7, 2018

Phase two of Carpenter Green will break ground this summer with phase three scheduled for the fall

A lush oasis flourishing with sweetgums and sugar maples will soon blossom at the corner of 17th and Carpenter streets. Under a haven of canopy trees, children will gather at a water spring, cooling off and seeking serenity in the midst of dense urban space.

Nestled in the Graduate Hospital area, this eden of economic development and sustainability, known as Carpenter Green, is an ongoing brainchild of the South of South Neighborhood Association — or SOSNA — a nearly 20-year-old registered community organization, encompassing Broad Street to the Schuylkill River and South to Washington streets.

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The View at Montgomery Hosts Resident Thank You Lunch


By Carli Showmaker
April 14, 2018

The View at Montgomery Hosts Resident Thank You Lunch

Students filled The View at Montgomery’s lobby on Thursday to celebrate its latest rankings as the “Best Student Housing Project in Philadelphia,” and as the 16th best student housing property in the nation by J Turner Research. The Goldenberg Group, the real estate developer of The View, held a lunch in the lobby as a thank-you to its residents for making this possible.

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Best Student Housing Project of 2017


March 30 – April 12, 2018

In September of 2017, building on the success of The View at Montgomery on the edge of Temple University’s campus, The Goldenberg Group began construction on a $199 million student housing community. This 470,000 SF mixed-use companion development located at 12th Street at 12th Street and Cecil B. Moore Avenue will feature 984 beds, best-in-class amenities, and panoramic views of the Philadelphia skyline [Read Full Article]

Cranes on Cecil B Moore Avenue Will Eventually Result in View II

OCF Realty
Mar, 26, 2018

View II cranesA little over a year ago, we shared the news that development would be forthcoming on the north side of 1100 block of Cecil B. Moore Avenue, at the vacant lot to the south of The View at Montgomery. Not surprisingly, that development was coming at the hands of the Goldenberg Group, the same company that developed the aforementioned View project. [Read Full Article]

Toys R Us closures will whack retail landlords already smarting from big-box tenant losses

philly.com
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]

 

 

 

This new apartment tower prepares Philly for a world without private cars

philly.com
Inga Saffron
Updated: MARCH 15, 2018 — 8:35 AM EDT

1213 Street Level from birdseye

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]

 

 

Both Sides Now in Haverford for $1.4M

[check out our Haverford Reserve development in-depth]

Philadelphia Magazine
By 

You have your formal side and your casual side.
This new French-inspired home lets you express both.
 Philadelphia Magazine - Haverford Reserve - Bothsides now

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.

How to solve this conundrum? France to the rescue. [Read Full Article]

Best Real Estate Deals Revealed


By Craig Ey and Clara Lefton
February 22, 2018

Best Real Estate Deals Revealed

Greater Philadelphia is full of opportunity.

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.

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