Philadelphia
Ridge Flats Net-Zero Energy Community in East Falls Gets the Green Light for Construction
Onion Flats’ efforts to build Philadelphia’s first Passive House Certified and Net-Zero-Energy mixed-use community will finally come to fruition. Almost two years after the local developer was selected by the Philadelphia Redevelopment Authority (PRA) to create the most innovative, energy-efficient housing development in the East Falls section of Northwest Philadelphia, the project received the green light from the City Planning Commission and a final OK from the Zoning Board of Adjustment.
Liberty Property Trust, Synterra Partners to Build New Headquarters for Franklin Square
Franklin Square Capital Partners, an investment company specialized in creating and managing alternative investment funds, will move its offices and nearly 150 employees down south in the thriving Navy Yard Corporate Center.
PHL Terminal F Renovation Generates 300 New Jobs
Terminal F, one of the busiest terminals at the Philadelphia International Airport, is in the final stages of a $127 million, multi-year renovation and expansion project that aims to enhance passenger services, facilities and airline operations.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
Radnor Property Group to Move Forward with 25-Story Mixed-Use Tower Project
A controversial development project spearheaded by Radnor Property Group has finally received the green light for construction from the Historical Commission’s architectural committee.
Mack-Cali to Sell Suburban Philly Office, Land Assets for $233M
Keeping in line with its diversification strategy into multi-family projects and its retreat from non-core office assets, Mack-Cali has struck a deal to dispose of its nearly 1.7 million-square-foot office portfolio and three land parcels in suburban Philadelphia.
Historic Germantown Church to Become Waldorf School’s New Home in Philadelphia
St. Peter’s Episcopal Church is one of Philadelphia’s architectural jewels, but for the past eight years it has been lying vacant and blighted, with very little hope of resurrection.
Eakins Oval Reinterpreted as Urban Beach Area for the Summer
Eakins Oval, one of Philadelphia’s hot spots during summers thanks to its prime location right in front of the Philadelphia Museum of Art, will be transformed this summer into the city’s new center of fun. An initiative of Philadelphia Department of Parks and Recreation in partnership with the Fairmount Park Conservancy, the $180,000 project is supported by the William Penn Foundation and the City of Philadelphia.
200 Philadelphia Vacant Homes to Be Auctioned Off
Philadelphia will soon unload around 200 of its abandoned homes and properties around the city at a public auction that will be conducted by Max Spann, one of the largest real estate auction companies in the country. The announcement was made by Philadelphia Housing Authority (PHA) President and CEO Kelvin Jeremiah during an official event held last week in front of one of the houses offered for sale on N. Marston Street.
$127M in Financing Closes for 37-Property CRE Portfolio
It has a little bit of this and a little bit of that, and now it has $127.5 million in financing. A 2.3 million-square-foot portfolio encompassing 37 industrial, office and retail properties in metropolitan Philadelphia and Melbourne, Fla., has landed a three-year loan provided by Natixis Real Estate Capital.