August 23, 2015 |
PMC Property Group has bought the Center City office building that once served as headquarters for GlaxoSmithKline for $43 million from Equity Commonwealth, the Chicago-based real estate trust controlled by Sam Zell. PMC plans to convert the top two-thirds of the 24-story One Franklin Plaza building into rental apartments, with the lower stories being used for about 200,000 square feet of office space, Michael Margolis, of Newmark Grubb Knight Frank, said Friday. PMC, one of the city's biggest residential landlords, closed on the 607,474-square-foot building at 200 N. 16th St. on Aug. 18, Margolis said.
July 1, 2015 |
Liberty Property Trust is set to break ground Tuesday on a 94,000-square-foot office building at the Navy Yard designed by the architect behind Two World Trade Center, a plan that is among the developer's boldest bets yet on the sprawling business center. The building at 1200 Intrepid Ave., fronting a five-acre park by the designer of the High Line in New York, would contain the most office space that Liberty has started at the South Philadelphia complex without a tenant in place.
June 30, 2015 |
In 2007, Indy Hall in Old City was the only coworking space in Philadelphia. Eight years later, Indy Hall buzzes with more than 300 member companies. And now it's one of at least 16 coworking spaces in Center City. An additional 11 sites have sprung up in South Jersey and eastern Pennsylvania. "Coworking has been growing globally by over 100 percent a year for at least five years now," said Alex Hillman, 31, the founder of Indy Hall. "It's happening on every continent except Antarctica.
June 13, 2015 |
The marketing materials for SoNo, a new "creative office space" being developed at Fifth and Spring Garden, depict a millennial's workday paradise. Softly colored renderings show handsome folks grabbing lunch from food trucks, dropping off bikes at a sleek storage room, and lounging around the amphitheater in a dramatic skylighted lobby. In the evenings, employees gather near a roof-deck fire pit to watch the sun set over the Center City skyline. Market Street's towers look like they're down the street.
May 25, 2015 |
As you look down from the ninth floor of what is now known as "The Curtis," a canopy of trees hides all but the tower of Independence Hall, just a few feet below the clock. It was a three-season view of history for more than a century of office workers, from employees of Curtis Publishing Co. to federal government workers in more recent times. Soon, the almost floor-to-ceiling windows overlooking Independence Square, and the space surrounding them, will be someone's spacious new apartment.
April 27, 2015 |
In South Philadelphia's Newbold neighborhood, Anna Maria and Carmen Vona have renovated the historic Abbotts Alderney Dairies building at 1715-1719 McKean St. The couple own and operate a business in a rear building on the parcel, which takes up nearly the entire block. But they have renovated 10,000 square feet in the two-story front structure, facing McKean and Colorado Streets, into apartment and office space at a cost of about $400,000. The Vonas did most of the work themselves.
January 13, 2015 |
A historic Camden townhouse that was home to a prominent Camden doctor will again be filled with life and learning when Rutgers University students and faculty move in to their new Writers House. The Henry Genet Taylor House, undergoing renovations at 305 Cooper St., will open next academic year as the home of Rutgers-Camden's graduate programs in English, with space for classes, workshops, offices, and public events. "This building is a gem - maybe one of the best of its type in the region - and I do think it has got to be more inspirational than sitting around chipped, cramped classroom desks in a 1960s building," Lisa Zeidner, an English professor at Rutgers-Camden and a novelist, wrote in an e-mail.
November 28, 2014 |
STATE COLLEGE, Pa. - James Franklin rises from his bed before sunlight can break through his new Port Matilda home. It's the Sunday after a game day in Happy Valley, but there's no hangover for the Nittany Lions coach - Sunday mornings are for him and the girls. "When I say I make them breakfast, it's pour cereal in a bowl," said Franklin, smiling as he clarifies that his breakfast special for his two daughters isn't all that special. "And waffles, frozen waffles, and toast. My one daughter loves Eggos, so we'll do that.
November 8, 2014 |
A proposed development on Lancaster Avenue, a key corridor on the Main Line, would bring new restaurants, shopping, and offices to an undeveloped tract in Bryn Mawr. The $20 million development still requires final approval from the Lower Merion commissioners. It could open in spring 2016 and would incorporate a vacant 1920s-era garage at 909 Lancaster Ave., between North Merion Avenue and North Warner Avenue. A strip of vacant shops behind the garage would be torn down. "Bryn Mawr has a history," said Paul Aschkenasy, the property owner and developer.
October 26, 2014 |
Starting a business of your own sounds like a do-it-yourself proposition. But entrepreneurs will tell you this secret to success: It takes a village. When Francine Griesing left "Big Law" to start her own firm, she needed some key things: a few clients, a business plan, and some savings in the bank. She had worked at Greenberg Traurig and networked extensively during her time there, serving on professional organizations such as the Philadelphia Bar Association. Today, her firm, Griesing Law, represents Fortune 500 corporations in high-stakes litigation, intellectual property, and employment matters.