February 24, 2015 |
At their quarterly meeting with the boss last week, analysts who cover Pennsylvania Real Estate Investment Trust pressed for details about rebuilding PREIT's Gallery shopping mall in Center City. "Did the Philadelphia City Council consider the public financing for the project in December, or is that still waiting to occur?" asked Banc of America Merrill Lynch Securities analyst Craig Richard Schmidt . "We're navigating the political winds in Philadelphia," PREIT chief executive Joseph Coradino said.
February 19, 2015 |
For George Thomas, owner of the Creative Silver jewelry kiosk in the Gallery, the battle is over. "I'm done," he said Tuesday, as he individually wrapped silver necklaces and chains in tissue paper to transport them to his new store on South Street. Wednesday is the day that the kiosk merchants in the Gallery must pack up their merchandise in advance of renovations at the Center City mall. Even so, the merchants, many of whom have run their kiosks for decades, are hoping for a last-minute reprieve that will allow them to stay open during the renovations, moving around the Gallery as different sections are updated.
February 8, 2015 |
Donna Talis has lived in her beloved West Chester townhouse for a quarter-century, and has spent the last dozen or so years transforming the 1980s-era residence off West Chester Pike. A little patience in purchasing exactly what she wanted, plus some do-it-yourself gumption, helped her cap off the work in the fall with a new master bathroom that incorporates elements of universal design such as a low-barrier shower and open shelving. Working with the same contractor, James C. Schell, Talis did the renovations on a modest budget but made a big impact on the quality of her living space.
January 22, 2015 |
Correction: The original version misstated the date Gallery II opened. It was in October 1983. Market East Station (now Jefferson Station) opened in 1984. THE NEWS STAND. Toys "R"Us. Easy Pickins. Taco Bell. One by one, stores and eateries have been closing at the Gallery in recent weeks as the clock ticks down for a major renovation of the nearly 40-year-old Center City mall that stretches along Market Street from 8th to 11th. At the FYE entertainment-media store, signs tell customers to visit the store's Broad and Chestnut location.
January 5, 2015 |
Treetop Development, a Teaneck, N.J.-based real estate firm formed by two high school friends, is making a second major investment in Philadelphia by renovating the 504-unit apartment towers at 5450 Wissahickon Ave. in East Falls. Many commuters no doubt will drive by what is now known as Charter Court without noticing the new ownership. But plenty of people live in East Falls, too, and "we were interested in buying it as a transport hub-based development," said Adam Mermelstein, co-founder of Treetop.
December 29, 2014 |
Chris and Jillian Soriano bought and then renovated their Haddon Heights house using a Fannie Mae HomeStyle Renovation loan to finance the improvements. The couple moved into the four-bedroom, two-bathroom house last summer "knowing we were going to rip out the kitchen," said Jillian Soriano, who wanted an open-concept cooking and dining area. "I wanted to take down the wall separating the kitchen and dining room and replace it with a butcher-block island with two sets of seating," she said.
December 22, 2014 |
It's not just your parents moving back into an in-law suite - more often these days, it might be your adult children. In-law suites are more popular than ever among homeowners. These suites add value to the home and might allow three generations to live under one roof. Contractors and builders say they're having trouble keeping up with demand for in-law suites - renovations, say, of a porch or a garage, or for an addition to customers' existing homes. Dave Martin, president of Remodeling Concepts in Langhorne, hears this from his clients.
December 17, 2014 |
In a hotel game of musical chairs, the Four Seasons Hotel at One Logan Square in Philadelphia will close in early June and undergo millions of dollars in renovations so it can reopen as a new luxury hotel in the fall, Host Hotels & Resorts Inc. said Monday. The new brand was not disclosed Monday and was still under development, Host said. Host, the hotel's owner, has hired Sage Hospitality of Denver to manage the transition to a new luxury brand. Sage manages the Eilan Hotel Resort & Spa in San Antonio, Texas, the Nines in Portland, Ore., Oxford Hotel in Denver, and about 60 other hotels.
December 4, 2014 |
Camden High School will receive at least $50 million for an overhaul of its dilapidated building, a project that has been stalled for more than six years, Gov. Christie announced Tuesday. The funding, which Christie said would come from the state Schools Development Authority (SDA), also will go toward technological upgrades and new programs, including vocational courses aimed at helping students choose a career. "There's no reason that students who come to a place like Camden High School shouldn't have access to all of those things," Christie, flanked by Mayor Dana Redd, told a crowd of politicians, educators, and students in the school's yellow and purple gymnasium.
November 1, 2014 |
Bob Berry's house on the banks of the Pickering Creek near Phoenixville has evolved, to say the least. Born as a 19th-century farmhouse, it got its first makeover in the 1940s when famed architect Oskar Stonerov transformed it into an International-style haven for his family, which eventually included four children, and his wife, Elizabeth, who started a popular cooperative preschool there. Then, when Bob Berry bought the structure in 2005, his brother-in-law and architect John Kohlhaus remade it to fit 21st century needs.