May 30, 2015 |
The Pennsylvania Real Estate Investment Trust and the Macerich Co. say it will take $325 million in new investment to transform the Gallery at Market East into what they are calling Fashion Outlets of Philadelphia. That is on top of the $250 million already spent by PREIT to assemble what had been privately owned property in the project area, bringing the total development cost to about $575 million. The rest of the area still owned by the Philadelphia Redevelopment Authority will be conveyed to the developers as part of the revitalization plan being reviewed by City Council.
May 5, 2014 |
HADDON TWP. A long-awaited, and at times contentious, plan to turn a former diaper laundry site into a residential-and-retail hub for Haddon Township's aspiring downtown has taken yet another controversial turn - with possibly another on the way. Under a recently announced lawsuit settlement, retail will be stricken from the Towne Center at Haddon, the would-be development conveniently located on Haddon Avenue about a block from PATCO's Westmont station....
May 3, 2014 |
Traffic congestion and the possibility of losing a small-town feel are among Malvern residents' concerns about the development projects popping up in their one-stoplight town. Added to those long-term fears is an immediate annoyance for residents in a handful of houses behind the new Eastside Flats mixed-use buildings on East King Street. Lights from the parking garage, they say, shine into their homes at night. "It's like somebody having a spotlight on their house," said Mayor David Burton.
January 31, 2013 |
WHILE THE CITY is trying to spur development, City Council last week made a major change to the 5-month-old zoning code that critics say could significantly slow building projects throughout the city. What Council did was override Mayor Nutter's veto Thursday of a bill sponsored by Councilwoman Jannie Blackwell that requires community organizations and zoning applicants to provide notice to each resident within one block of a project, as well as adjacent blocks. The change also allows for multiple mandatory meetings with these "registered community groups," or RCOs, instead of just one. In addition, it relaxes the requirements necessary for a group to be considered an RCO and expands the civic design-review committee - created to weigh in on major development projects - to include a designee by a Council member, and a seat for an additional RCO member.
January 25, 2013 |
ON CITY COUNCIL'S first day in session of the new year, Councilwoman Jannie Blackwell successfully led a charge to override Mayor Nutter's veto of a controversial bill that amends the five-month-old zoning code to give more power to the neighbors of development projects. The bill requires registered community organizations (RCO) and zoning applicants to provide notice to each neighbor within one block of a project and allows for multiple mandatory meetings with RCOs instead of just one. It also expands the civic design-review committee that was established to weigh in on major development projects to include a Council member.
November 2, 2012 |
John Grady doesn't have a dog. The president of Philadelphia Industrial Development Corp. has resisted getting one, despite considerable begging from his three young children. That's not to say he doesn't see value in canines. Quite the opposite. That's why PIDC recently guaranteed 50 percent of the $125,000 loan and line of credit that Portia Palko secured from Valley Green Bank to move her dog-day-care business, Central Bark, to a larger facility in Grays Ferry in July. Not that Palko - a Central Bark franchisee since 2007, who, as a nearly lifelong city resident, was well aware of PIDC - would even have thought to expect help from the 54-year-old economic-development nonprofit associated with some of Philadelphia's most ambitious building projects.
August 12, 2012 |
Rejecting the prosecution's case as "an unconvincing web of circumstantial evidence," a federal judge on Friday found former New Jersey State Sen. Wayne Bryant not guilty of corruption charges tied to a series of billion-dollar development projects proposed in Camden County and North Jersey. Prosecutors had argued that Bryant, a once-powerful Camden County Democrat, took bribes disguised as legal fees to do the bidding of a North Carolina developer that in 2004 had projects planned in the Cramer Hill section of Camden, on Petty's Island in Pennsauken, and in the Meadowlands.
August 11, 2012 |
Rejecting the prosecution's case as "an unconvincing web of circumstantial evidence," a federal judge on Friday found former New Jersey State Senator Wayne Bryant not guilty of corruption charges tied to a series of billion-dollar development projects proposed in Camden County and North Jersey. Prosecutors had argued that Bryant, a once-powerful Camden County Democrat, took bribes disguised as legal fees to do the bidding of a North Carolina developer that in 2004 had projects planned in the Cramer Hill section of Camden, on Petty's Island in Pennsauken, and in the Meadowlands.
May 15, 2012 |
A federal judge in Trenton has begun weighing the fate of former State Sen. Wayne Bryant, who is already serving a four-year sentence for a corruption conviction and who could end up with additional jail time if convicted in the case pending against him. Testimony in the nonjury trial before Judge Freda L. Wolfson ended in February, but the judge gave the prosecution and defense a May 8 deadline to file legal briefs. The documents, more than 100 pages from the prosecution and 58 pages from the defense, summarize and expand on arguments and evidence introduced during the three-week trial.
December 15, 2011 |
Saying it marked the end of an expensive era, the board of the Delaware River Port Authority on Wednesday spent $20 million of its remaining economic-development funds for non-transportation projects. The board's two unappointed members, Pennsylvania's auditor general and treasurer, opposed the spending, arguing that the money should have gone for transportation projects or toward reducing the agency's $1.4 billion debt. The vote on the last $29.9 million of the DRPA's controversial economic-development funds sent about $10 million back to the agency for future capital projects and $19.7 million to such projects as local food banks, a new cancer center in Camden, student housing for Rutgers-Camden, and Cooper River rowing facilities.