September 14, 2015 |
When they were both students at the University of Delaware, Darlene Cohn was a close friend of the roommate of the man who is now her husband. Known for her playful spirit, Darlene would leave notes on Alan Cohn's desk, which both baffled and delighted him. They finally met, had a college romance, and married in 1987, a year after graduation Life seemed reasonably predictable. They lived in the Philadelphia suburbs, including Merion Station, but then things got a bit complicated.
September 14, 2015 |
PMC Property Group has a novel idea for part of the Center City office building it just bought: Offices. The company's practice of buying up tired old office properties and refurbishing them into sleek, high-end apartments has helped make it one of Philadelphia's biggest residential landlords. It hasn't been working alone: Up to seven million square feet of office space - the equivalent of almost six Comcast Center towers - has left the market over the last 25 years, most of it converted to residential use, according to real estate services firm JLL. But as a flood of proposed rental properties in central Philadelphia coincides with a shrinking supply of office space, PMC is tweaking its formula at a former U.S. headquarters of drugmaker GlaxoSmithKline, which it purchased last month.
September 5, 2015 |
Center City's unionized office cleaners, maintenance workers, and other building-service staffers say they want to share in the benefits of an improving commercial real estate sector as they begin negotiations on a new labor contract. Members need to earn more to support their families and cannot afford the bigger payments for medical insurance sought by employers, Daisy Cruz, mid-Atlantic district leader for SEIU 32BJ, the local of the Service Employees International Union, told at least 100 workers at a rally on Thursday ahead of the talks.
August 29, 2015 |
For years, Conshohocken has owned not one, but two valuable properties that sat mostly vacant, even as it rented office space for its staff. This month, the borough is rectifying that problem, with one of the buildings opening as a new borough hall and police station, and the other undergoing a market analysis to see if it might be turned into a bed and breakfast or event venue, or put to some other use. The progress was years in the making and...
August 26, 2015 |
WHEN GALAEI decided to move from Center City to North Philadelphia in April, the queer Latino social-justice organization was eager to be part of the community. Ideally, their new neighbors would feel comfortable dropping by the home on 149 W. Susquehanna Ave. for a chat and a tour of the old house with tons of character. In the process, they'd get to know the staff, and learn more about the services the 26-year-old nonprofit organization offers the LGBT community. No appointment.
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.