Philadelphia
New Philadelphia Family Court Building Celebrates Milestone; Old Building Becomes Hotel
Philadelphia City officials and representatives of the Tishman Construction Corporation gathered last week to attend a topping off ceremony for the new Family Court building that is under development at the northwest corner of 15th and Arch streets.
Realen Properties to Continue with Phase II of Edgewater Apartments
Construction is heating up in Center City Philadelphia as real estate developer Realen Properties of Berwyn, PA, and its finance partner Northwest Mutual Life are planning to break ground on Phase II of Edgewater Apartments, an upscale multifamily complex that was partially completed in 2006 before the economic downturn.
Beneficial Bank Inks 15-Year Lease in Philly High-Rise
Beneficial Bank, the oldest bank in Philadelphia, has signed a 15-year lease at 1818 Market St., taking four floors and 95,764 square feet in the million-square-foot high-rise owned by Sovereign Capital Management Group.
Ardmore Township OKs Dranoff Properties’ $56 Million Luxury Project
The first phase of a complex revitalization effort in Ardmore is now closer to fruition as the developer, Dranoff Properties, unveiled the project’s official name: One Ardmore Place.
Fishtown Neighbors Association Approves Wynn Resorts’ $925M Casino Proposal
The Fishtown Neighbors Association on April 8 voted in favor of a casino / resort development project that was pitched by representatives of Wynn Resorts Ltd., one of the six casino operators and developers who applied for a gaming license in Philadelphia.
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
Developer Plans Mixed-Use Complex on Vacant Brownfield in South Kensington
A 2.5-acre vacant site in Philadelphia’s South Kensington that once housed the Absco Inc. steel plant could be redeveloped into an energy efficient mixed-use community. The development proposal comes from Canus Corporation, a local company that has already invested over $8 million in cleaning and decontaminating the site located at 2nd and Thompson Streets.
Camden City to Get First Supermarket in 30 Years
A joint venture between the Ravitz Family, who owns Supermarkets of Cherry Hill, Inc., and the Goldenberg Group, headquartered in Blue Bell, PA, is set to develop the first full-service supermarket in Camden in more than three decades. The newly announced investment—which will also feature the first-ever ShopRite in the area, as well as several restaurants and smaller retail businesses—will occupy a city-owned, 20-acre vacant site at the corner of South 17th Street and Admiral Wilson Boulevard.
$16 M Carrier Hotel Announced in Wilmington; Investment Group Buys $36 M Industrial Portfolio along I-95 Corridor
By Veronica Grecu, Associate Editor Private cloud and infrastructure service solution provider IPR International of Wayne, PA, has announced plans to transform its data center in Wilmington, DE, into a $16 million carrier hotel. This huge connectivity hub will be able to bring together a large number of networks and providers and will be dedicated […]
West Chester University of Pennsylvania Adds New Student Housing Facility
EdR (NYSE:EDR), one of the largest owners, developers and managers of collegiate housing in the U.S., recently announced construction of a new student housing development on South New Street on the campus of the West Chester University of Pennsylvania (WCU).