Philadelphia
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).
Renovated Radisson Plaza-Warwick Hotel Philadelphia to Operate Under Radisson Blu Signature
Carlson Rezidor Hotel Group, a leading hospitality group based in Minneapolis, Minn., and Brussels, Belgium that operates more than 1,300 hotels globally, announced a $17 million renovation that will rebrand the historic Radisson Plaza – Warwick Hotel into a Radisson Blu signature hotel.
Criticized Kingsley Court Development to Kick Off in Roxborough
A 3.5-acre vacant property at 5627 Ridge Avenue in Philadelphia’s Roxborough neighborhood will be replaced with a complex of 32 twin homes, according to a post on NakedPhilly. While the project proposed by local developer Stephen Goldner has stirred much debate among neighbors who were concerned that the development would be too dense for a suburb, the former Ivy Ridge Assisted Living site has won approval from the City’s Planning Commission.
‘Philly Fringe’ Festival to Settle in New Home by Fall
A 10,000-square-foot red-brick structure at the corner of Race Street and North Columbus Boulevard is being transformed into the new home of Philadelphia Live Arts Festival and Philly Fringe, an annual festival that supports local, national and international artists of all disciplines and levels of achievement.
Chambers Closes on Two 300 KSF Suburban Philly Office Buildings
Chambers Street Properties, of Princeton, N.J., recently closed on its acquisition of 1400 Atwater Drive, a pair of five-story Class A office buildings, totaling 300,000 square feet, in Malvern, Pa.
Brandywine, Campus Crest Partner to Build $158M Student Housing in Philly
Two REITs and a real estate private equity firm are teaming up to develop a $158 million, 33-story, 850-bed student housing tower at Cira Centre South in Philadelphia’s University City section.
$160 Million Tower Adds to Student Housing Options in University City
A University of Pennsylvania-owned site located at the corner of 30th and Chestnut Streets in Philadelphia’s University City district is being developed into a 33-story student housing tower in team effort between Brandywine Realty Trust, Campus Crest Communities and Harrison Street Real Estate Capital (HSRE).
New Holiday Inn Express Opens in Bensalem; Philadelphia Area Hospitality Industry Going Strong
The new Holiday Inn Express opening points to at least four new hotels that are under development or in the early stages of design or approval in the city