Philadelphia
$100 Million Student Residence Breaks Ground Near Temple University
By Veronica Grecu, Associate Editor The former John Wanamaker School building located at 12th Street and West Montgomery Avenue in North Philadelphia is being reconverted into a mixed-use facility that will serve Temple University students. Though the official groundbreaking ceremony was held last week at the site, the project was originally presented in 2008 when […]
JBJ Soul Homes is Philly’s Newest Low-Income Housing
November 13 was the official ground breaking for a new mixed-use project on a half-acre triangular block located at the intersection of Broad Street, Fairmount and Ridge Avenues in the Francisville neighborhood and close to Philadelphia’s iconic Divine Lorraine building.
Penn Medicine to Add New Medical Facility in West Philadelphia
Penn Medicine, one of the world’s leading academic medical centers, has announced plans to move forward with Phase II of an expansion plan of the Penn Presbyterian Medical Center (PPMC) campus located in the University City section of West Philadelphia.
Work Beginning on $79 Million Upscale Residential Complex in Conshohocken
A new upscale apartment community called The Courts at Spring Mill Station is coming to Conshohocken, a suburb of Philadelphia. Almost one year after announcing the project, real estate investment trust Home Properties broke ground last week on the $79 million complex during an official ceremony held onsite, at the corner of Hector and North Lane.
Philadelphia Navy Yard Adds New Marriott Signature Hotel
Last week development company Ensemble Hotel Partners, LLC celebrated the groundbreaking of its first Navy Yard Corporate Center project: a new Courtyard by Marriott hotel located at the corner of Rouse Boulevard and Intrepid Avenue.
Work Starts on 149-Unit Multifamily Development; Upscale Project in South Philly to Follow Soon
Mayor Michael Nutter, Philadelphia City Councilman Curtis Jones, Jr. and representatives of development company J.G. Petrucci broke ground last week on a new transit-oriented residential community located at 4862 Umbria Street, right next to SEPTA’s Ivy Ridge Rail Station.
NewCourtland LIFE Center Underway for North Philadelphia Seniors
n underutilized brownfield in North Philadelphia is being redeveloped by NewCourtland Elder Services, Inc., a non-profit organization providing community services, into a $5.6 million mixed-use complex for seniors. The event was marked by a groundbreaking ceremony held at the site attended by city officials and local representatives.
Madison Apartment Group Breaks Ground on Luxury M-F Development in Bucks County
By Veronica Grecu, Associate Editor Madison Apartment Group, the multifamily operating arm of Philadelphia-based BPG Properties, Ltd., recently broke ground on an apartment community called Madison New Britain and located in Chalfont, PA, in the heart of historic Bucks County. Madison New Britain is the first multifamily rental community to be created in the region […]
First Affordable Housing for Gay Seniors to Break Ground Next Month
By Veronica Grecu, Associate Editor A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. According to The Philadelphia Gay News, the $12 million low-income tax credits were purchased by Wells Fargo Bank, while the remaining $8 million is being […]
Chestnut Hill Tower Changes Hands for $16.75 M; JV Announces Upscale Multifamily Project in Plymouth Meeting
By Veronica Grecu, Associate Editor Gebroe-Hammer Associates, a private real estate investment firm based in Livingston, NJ, has closed the sale of an 18-story residential building located at 7600 Stenton Avenue, in the upscale Chestnut Hill neighborhood. The seller, an undisclosed out-of-state private owner, and the buyer, a Gebroe-Hammer client who also remained unnamed, were […]