October 28, 2013 |
Even as an increasing number of home sales head to the settlement table, the luxury-rental market in the eight-county Philadelphia region grows stronger and more sustainable. The latest example, Rivergate, is rising on eight-plus acres of industrial land in Burlington County, along Bordentown's Delaware River waterfront - one piece of the estimated $300 million, 98-acre rehabilitation of what was, until the early 1980s, the site of North American Ship Salvage Co. Rivergate is a 159-unit, four-building luxury-rental venture developed by Sterling Properties of Livingston, N.J., which builds for-sale and rental housing and owns and manages apartment communities in New Jersey, Pennsylvania, New York, and Connecticut.
October 1, 2013 |
There have been many incarnations of and near-deaths for the storied Levoy Theatre in Millville, Cumberland County, from vaudeville emporium, silent-film house, talkie movie palace, eventually to boarded-up old wreck. And it collapsed into a pile of rubble during an initial renovation in 2010 before being miraculously reborn into the sweet little jewel-box that has recently dominated efforts to redevelop Millville from beleaguered glass-factory town into a trendy arts district. This month, the 105-year-old Levoy (pronounced "LEE-voy" if you're from around there, "la-VOY" if you're not)
August 21, 2013 |
The Harrison Township Committee rescinded a resolution Monday to designate parts of Main Street in Mullica Hill as an area in need of redevelopment, in response to fierce public backlash over fears of eminent domain. The vote came 11 days after a citizens committee formed to block the proposal circulated letters warning property owners of a government "land grab. " Mayor Louis Manzo said the township had planned to use the designation only to benefit property owners. The township expects that 51 acres of privately owned farmland behind Main Street will be developed in the next couple of years.
August 12, 2013 |
Sporadic, scattershot, and slow, efforts to improve the White Horse Pike in Oaklyn may have succeeded in sprucing up the strip a bit but haven't reversed its fortunes. "We want things to move along," says Mayor Robert Forbes, a lifelong resident of the blue-collar suburb of 4,000 people, which designated the pike as a redevelopment zone in 2002. In the years since, some building owners "haven't done anything with their properties," the mayor says. "And if they're not going to do anything, we're going to help them.
August 11, 2013 |
A Harrison Township proposal to designate part of Main Street in Mullica Hill as an area in need of redevelopment has residents and business owners up in arms over fears of eminent domain, even as the mayor insists that the designation would only strengthen their position on the market. The township expects that about 60 acres of farmland behind Main Street will be developed in the next couple of years. With that in mind, the planning board extended the redevelopment designation to the properties to make them more attractive to prospective buyers, should the current owners decide they want to sell sometime in the future.
June 30, 2013 |
Holding on to hopes that expansion of eds and meds will lead to Camden's rebirth, the city's redevelopment agency took several prime real estate parcels off the market and agreed to negotiate their sale to Cooper Health System. The proposed deal is at the center of an ambitious plan to connect the university district, where Rutgers-Camden resides, and the medical science district, where Cooper University Hospital and Rowan University have an established presence. Full execution of the plan depends on raising millions of dollars in funding, though the cost of acquiring the plots is likely to be nominal.
March 21, 2013
More snake eyes on casino plans? Imagine that a choice must be made among six massive development proposals, ranging from $400 million to $900 million in capital investment. The agency charged with this important decision has no urban redevelopment experience, has not engaged consultants in the fields of architecture and planning, and is not accountable to the city in which the development will take place. What could possibly go wrong? Actually, that is the situation with the state Gaming Control Board in its second effort to pick a casino site for Philadelphia.
February 3, 2013 |
Brandywine Realty Trust says it will redevelop 1900 Market St., which houses Nasdaq's Philadelphia Stock Exchange operations and investment and law offices, "as a Class A office building. " Work will start next year and be done by 2015, the company said. Separately, Brandywine, of Radnor, has asked Campus Crest Communities, a Georgia company known mostly for building student housing at suburban and small-town colleges in the South and West, to put up student housing on a site approved for a 36-story high-rise at 2930 Chestnut St. in University City, according to two real estate industry sources familiar with the deal.
December 17, 2012
Chuck Ulmann, who has lived a few minutes outside the borough proper for the last 42 years, has kindly agreed to provide as comprehensive a tour of West Chester as six hours allows. Ulmann, who worked in the pharmaceuticals industry from college through retirement, is not only well-versed in West Chester's architectural history but has, over the years, shepherded groups through the borough's streets and alleys, showing them the highlights. In the first hour of the tour, Ulmann proves that just about every style of housing from the early 19th century to 2012 is represented in West Chester.