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REAL_ESTATE
October 27, 2014 | By Erin Arvedlund, Inquirer Staff Writer
New construction in Center City is booming, particularly projects by builders of $1 million-plus single-family homes. In fact, developers can barely keep up with demand from empty-nesters, émigrés from the suburbs, upwardly mobile families with children, and One Percenters who want to replicate 5,000-square-foot homes in an urban neighborhood. "People want new construction," said Atrium Group architect Shimi Zakin, who with developer Victor Agiv is building seven $1 million-plus homes on the 100 block of Church Street.
NEWS
February 20, 2008 | By Alan J. Heavens, Inquirer Real Estate Writer
Snow began falling as afternoon slid into evening. With the lights of Center City twinkling around and below her, Jane Miles stood by the vast expanse of windows that line one side of her new 27th-floor condominium in Symphony House, watching. "The snowflakes look so big up here," she said, more than a little awe in her voice. "With all the cars whizzing by in the streets below, it's like being in another world. " A world high above Philadelphia that, even a few years ago, Miles and her husband would have been very exclusive residents of. But as condo towers grow more commonplace in the city, taller, well-heeled buyers are choosing to feather their nests in the clouds - or as close as several hundred feet above street level can get them.
BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Liberty Property Trust plans to spend $900 million putting up Comcast 's second tower over the next three years. That works out to about $600 a square foot to build. Last week, the owners of 2.0 University Place, a year-old green-roofed building west of the Drexel campus, put it up for sale at $46 million, or $469 a square foot. That's not quite as much as the Comcast tower - but roughly three times what the city's dominant landlord, Brandywine Realty Trust , was paying for central Philadelphia office towers just a few years back.
NEWS
April 30, 2014 | By Elizabeth Wellington, Inquirer Fashion Writer
NEW YORK - Stylist Brittany Chenault is shopping for spring brights in Century 21 Department Store's cavernous men's section for singer Nick Lachey to wear on VH1's Big Morning Buzz Live . The 26-year-old Brooklyn-based fashionista is a regular at the discount store's downtown flagship. On Monday morning, Chenault's rolling red shopping basket overflows with gingham prints, warm orange hues, and lots of denim. Stylists, she says, shop at Century 21 a lot. "You can get great things at a great price," she says, sifting through racks of fitted menswear from runway faves Viktor & Rolf and Dsquared2.
BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
The latest plan for Philadelphia's most expensive grassy field - at 1919 Market St. , the gap in Center City's skyscraper row - is to dig it up and build a 29-story, 321-apartment, $140 million glass-walled tower, owner Brandywine Realty Trust said Monday. There have been other plans for towers on the site, before and since Brandywine bought the lot in 2011. But this time the money is committed, and work is to start immediately, Brandywine says. Its new partner is Berwyn-based LCOR CalSTRS , a successor to the former Linpro Co. , which invests for the giant California State Teachers Retirement System . Brandywine previously planned a little more business and a little less housing at the site with partner Independence Blue Cross , whose headquarters is next door.
NEWS
October 23, 2014 | By Suzette Parmley, Inquirer Staff Writer
A dark-colored Pathfinder crashed into the side of a medical building on Chestnut Street in Center City just after 9:15 p.m., breaking the calm on a pleasant fall evening as fire, police and other first responders rushed to the scene. The driver, a man whose name was not released, was rushed to Jefferson Hospital, where he was in stable condition with unspecified injuries, said Philadelphia Police Sgt. Rich Paraschak. No other injuries were reported. The scene at 833 Chestnut was filled by fire trucks, police cars and bystanders strolling the neighborhood who stopped to take cellphone photos of the vehicle protruding from the ground level of the building known as Jefferson Medical Offices.
NEWS
September 25, 2014 | By Aubrey Whelan and Mike Newall, Inquirer Staff Writers
Update: Two men and a woman surrendered to police Wednesday morning to face charges in the Sept. 11 beating of a gay couple in Center City. Accompanied by their lawyers, Philip Williams, 24; Kathryn Knott, 24; and Kevin Harrigan, 26, turned themselves in at Central Detectives, 401 N. 21st Street in Franklintown. The three, all from Bucks County, are to be charged with two counts each of aggravated assault, simple assault and related offenses, officials say. Earlier story: The Philadelphia District Attorney's Office has approved charges against two men and a woman in an assault in Center City that seriously injured a gay couple, sparking outrage in Philadelphia and across the country.
REAL_ESTATE
October 27, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
To which socioeconomic class do you belong? According to a report presented in Los Angeles last month to the CityLab Conference of Mayors and City Leaders, if you live, for instance, in Manayunk, Society Hill, Wynnefield or Fox Chase, you probably are a member of the "creative class. " Members of this "knowledge-based" class comprise more than 75 percent to 88 percent of the population of these and other neighborhoods within the city limits, the majority in and around Center City.
BUSINESS
October 25, 2014 | By Erin Arvedlund, Inquirer Staff Writer
On its first day open to the shopping public, Century 21's new Philadelphia department store was hopping Thursday with a curious lunchtime crowd of men and women, young millennials with dyed hair, mothers pushing baby strollers, and masculine sports fans in Eagles jackets and caps. And the high price tags for some luxury items on offer in the old Strawbridge & Clothier store at Eighth and Market Streets didn't seem to scare anyone away. At the store's entrance inside the Gallery, Carol Goodlett wandered in to inspect the designer sunglasses, jewelry, gloves, perfume, and handbags, like a Dolce & Gabbana gold sequined clutch for $1,998 and a Prada for $1,469.
NEWS
February 14, 2014 | By Laura McCrystal, Inquirer Staff Writer
The Mormon Church plans to build a 32-story apartment tower and a public meetinghouse on a vacant lot next to the Vine Street Expressway, filling in a key piece of the no-man's-land that has long separated Center City and North Philadelphia's rebounding neighborhoods. The private development by the Church of Jesus Christ of Latter-day Saints calls for 258 apartments, 13 townhouses, and retail shops at 16th and Vine Streets. The meetinghouse will have a chapel, courtyard, multipurpose space, and a center to research genealogy, said Michael Marcheschi, senior real estate manager for the church's national special projects department.
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ARTICLES BY DATE
NEWS
October 29, 2014 | By Helen Ubinas, Daily News Columnist
TO DEPEND or not to Depend, that was the question. I agreed to rappel down a 31-story Center City building on Thursday. And as someone who doesn't even like to fly, there was a lot to consider. Like diapers, in case of a midair accident. And, the 23 mph winds on top of One Logan Square. (At 25 mph, the pros put the rappel on hold. I was perfectly safe, but you try to convince yourself of that when you're up that high.) As if that weren't bad enough, a couple of things became crystal clear while hanging on the side of the building.
NEWS
October 29, 2014
L OUIS RODRIGUEZ , 46, of Williamstown, N.J., is president of Rodriguez Consulting, in North Philadelphia. The Chester native founded the civil-engineering firm in 2007. It's the 54th-fastest-growing inner-city business on the 2014 Inner City 100 compiled by the Massachusetts-based Initiative for a Competitive Inner City. Q: How'd you come up with the idea for the biz? A: I was working for the Philadelphia Water Department and noticed a lot of work was outsourced to private firms.
BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Liberty Property Trust plans to spend $900 million putting up Comcast 's second tower over the next three years. That works out to about $600 a square foot to build. Last week, the owners of 2.0 University Place, a year-old green-roofed building west of the Drexel campus, put it up for sale at $46 million, or $469 a square foot. That's not quite as much as the Comcast tower - but roughly three times what the city's dominant landlord, Brandywine Realty Trust , was paying for central Philadelphia office towers just a few years back.
NEWS
October 28, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Sara "Sally" Berlin, 97, of Center City, a tiny public relations dynamo who pushed to expand and strengthen the Police Athletic League of Philadelphia, died Saturday, Oct. 25, at her home. Born Sara Shaltz, Mrs. Berlin renamed herself Sally. She stood only 4 feet, 10 inches tall, but what she lacked in height she more than made up for with energy and drive, her family said. "Someone called her the ageless dynamo, and she loved that," said son Andy. Mrs. Berlin was credited with encouraging the PAL to expand its reach so it could help more young people.
BUSINESS
October 28, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
The latest plan for Philadelphia's most expensive grassy field - at 1919 Market St. , the gap in Center City's skyscraper row - is to dig it up and build a 29-story, 321-apartment, $140 million glass-walled tower, owner Brandywine Realty Trust said Monday. There have been other plans for towers on the site, before and since Brandywine bought the lot in 2011. But this time the money is committed, and work is to start immediately, Brandywine says. Its new partner is Berwyn-based LCOR CalSTRS , a successor to the former Linpro Co. , which invests for the giant California State Teachers Retirement System . Brandywine previously planned a little more business and a little less housing at the site with partner Independence Blue Cross , whose headquarters is next door.
REAL_ESTATE
October 27, 2014 | By Erin Arvedlund, Inquirer Staff Writer
New construction in Center City is booming, particularly projects by builders of $1 million-plus single-family homes. In fact, developers can barely keep up with demand from empty-nesters, émigrés from the suburbs, upwardly mobile families with children, and One Percenters who want to replicate 5,000-square-foot homes in an urban neighborhood. "People want new construction," said Atrium Group architect Shimi Zakin, who with developer Victor Agiv is building seven $1 million-plus homes on the 100 block of Church Street.
REAL_ESTATE
October 27, 2014 | By Sally Friedman, For The Inquirer
For as long as she can remember, Susan Stapler Davis has loved fabric. Actually, it's in her DNA. When you come of age in the Stapler family, longtime owners of Stapler Fabric at 1222 Walnut St. until it closed in 2007, that sort of predilection is predictable. "I loved the store, and I loved being there. I spent most of my adult years working there in sales and design after the kids were grown," Davis fondly recalls in her cooperative apartment on JFK Boulevard, where lush fabrics are everywhere.
REAL_ESTATE
October 27, 2014 | By Alan J. Heavens, Inquirer Real Estate Writer
To which socioeconomic class do you belong? According to a report presented in Los Angeles last month to the CityLab Conference of Mayors and City Leaders, if you live, for instance, in Manayunk, Society Hill, Wynnefield or Fox Chase, you probably are a member of the "creative class. " Members of this "knowledge-based" class comprise more than 75 percent to 88 percent of the population of these and other neighborhoods within the city limits, the majority in and around Center City.
BUSINESS
October 25, 2014 | By Erin Arvedlund, Inquirer Staff Writer
On its first day open to the shopping public, Century 21's new Philadelphia department store was hopping Thursday with a curious lunchtime crowd of men and women, young millennials with dyed hair, mothers pushing baby strollers, and masculine sports fans in Eagles jackets and caps. And the high price tags for some luxury items on offer in the old Strawbridge & Clothier store at Eighth and Market Streets didn't seem to scare anyone away. At the store's entrance inside the Gallery, Carol Goodlett wandered in to inspect the designer sunglasses, jewelry, gloves, perfume, and handbags, like a Dolce & Gabbana gold sequined clutch for $1,998 and a Prada for $1,469.
BUSINESS
October 25, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Owners of the five-story glass-and-brick building at 30 N. 41st St., west of the University of Pennsylvania campus - one of the few office projects built in the early part of this decade, when rents and values were weak from the recession - have put it on the market at the robust asking price of $46 million, or $469 a square foot. That is triple what some prominent Center City office buildings have traded for in recent years. If they get their price for the building, dubbed 2.0 University Place, it will be a rich yield on the $31 million committed three years ago by its investors - University City redevelopers Scott Mazo and James Levin, and lawyer Thomas Leonard, a Democratic Party fund-raiser, with backing from TD Bank.
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