Philadelphia
Llenrock Group Secures $50M in Financing for 1845 Walnut Street
Philadelphia-based independent real estate finance and advisory firm Llenrock Group has completed $50 million in permanent financing for a 25-story office tower located on Rittenhouse Square in Center City, one of Philadelphia’s most prestigious neighborhoods.
LEED Platinum Certified Paseo Verde Opens in Philadelphia
One of the city’s much-anticipated “green” housing projects officially opened last week at the corner of 9th and Berks Streets in the Temple University area, shortly after it was featured on the GreenBuild 2013 tour roster.
Radnor’s 38Chestnut Apartment Project Finally Breaks Ground in University City
An groundbreaking ceremony that was held this week at the Episcopal Cathedral site in the University City district marked the official start of construction at 38Chestnut, a long-awaited high-rise apartment tower targeting graduate students and young professionals.
Vacant Warehouse in South Kensington to Become Mixed-Use Building
A Philadelphia-based real estate company has plans to transform the former truck repair facility at 1601-23 N. Front Street into a more entertainment-oriented space.
Planning Commission Approves Redesigned Renaissance Plaza Project
The Philadelphia City Planning Commission (PCPC) green lighted Waterfront Renaissance Associates’ massive, $660 million development project that will be built on a currently vacant, 5.3-acre site on the Delaware River waterfront, at the corner of Callowhill Street and Columbus Boulevard.
Penn Announces New College House at Hill Field
The University of Pennsylvania recently announced it will build a new college house at Hill Field as part of PennConnects, a residential program that started back in 1998 and already includes 11 student residences within the larger campus area.
Dermody Property to Create Industrial Park in Central Pennsylvania; Chesterbrook Shopping Center Sold for $8.9 Million
Industrial development company Dermody Partners of Reno, NV, and its financial partner PCCP recently acquired a 107-acre parcel in Central Pennsylvania, from Texas-based builder Trammel Crow Co.
Historic Buildings to Become Mixed-Use Community in Old City
Behind the $20 million project is Alterra Property Group, a locally-based real estate investment, development and management company who has built and/or redeveloped hundreds of housing units in Philadelphia’s historic district.
Green Housing Development Breaks Ground in South Philadelphia
Philadelphia’s commitment to green building and design was highlighted once again last week at an official ceremony that marked the ground breaking of a new, energy efficient residential community.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.