March 10, 2016 |
An affiliate of Vancouver, Wash.-based Hawthorn Development L.L.C. has paid $1.8 million for four acres in Glen Mills where it plans to build a 142-unit retirement community, according to Colliers International, which helped broker the sale. Hawthorne purchased the property at Brinton Lake Corporate Center from Wynnewood Development Inc., Colliers said in a release Tuesday. The retirement community is scheduled to open in 2017. email@example.com 215-854-2615 @jacobadelman
March 10, 2016 |
The owners of Center City's Lit Bros. building are restoring the former department store's historic moniker, as its main tenant - Bank of New York Mellon - slims down its presence at the site. Brickstone Cos. is striking Mellon Independence Center from the edifice at 701 Market St. and replacing it with a new, old name: The Lits Building . Precise timing on the rebranding is unclear, but it will occur "sooner rather than later," Mark Merlini, a Brickstone partner, said Tuesday.
February 26, 2016 |
London-based 90 North Real Estate Partners and Arzan Wealth of Dubai have paid $127 million for the Malvern campus of advanced building materials manufacturer Saint-Gobain, which will remain at the site. The transaction includes Saint-Gobain's 320,000 square feet of office and lab space across two buildings on 65 acres of land, 90 North Real Estate said in a release. The manufacturer moved to the site from Valley Forge less than a year ago with a 15-year lease. The seller was a consortium including E. Kahn Development Corp and J. Loew & Associates, which had redeveloped the site for Saint-Gobain.
February 24, 2016 |
Valley Forge businessman Vincent Piazza has purchased a King of Prussia office building on an 18-acre site that may be further developed with housing and offices, commercial real estate services firm Newmark Grubb Knight Frank said in a release Monday. Piazza purchased the parcel at 1100 First Ave. from Devon Health Services, which has its headquarters there, said NGKF, which is marketing the space to potential tenants. Plans for the property include managing the existing building and exploring the development of a mixed-use project that could include professional or medical offices, homes, shopping and a hotel.
February 20, 2016 |
Pennsylvania's Pipeline Infrastructure Task Force filed its final report Thursday with Gov. Wolf, including 184 recommendations that identify best practices for pipeline siting, permitting and safety. Wolf created the task force last year in response to public anxiety over the number of pipelines proposed to deliver natural gas from the state's Marcellus Shale formation. Though pipeline regulation largely falls under the scope of the federal goverment, the recommendations include suggestions on employing better routing and construction methods to reduce environmental and community impacts.
February 19, 2016 |
There could be more pop-up beer gardens in the city this summer. Philadelphia Parks & Recreation, in partnership with the Fairmount Park Conservancy, is seeking proposals to develop and operate a mobile operation that will serve food and beverages for up to five consecutive days at a series of 18 pop-up locations at city park sites. The mobile facilities will be self-contained and provide their own restrooms, power, lighting, sanitation equipment, and seating for 50 to 200 customers.
February 18, 2016 |
PMC Property Group plans to redevelop the former Marketplace Design Center building at 2400 Market St. into a block-wide 22-story office and residential tower, the latest sign that Philadelphia's most aggressive development is shifting west. The company, with real estate investment firm Lubert-Adler, is proposing 450,000 square feet of offices and 350 apartments in a building that uses the former interior design showroom center as its base, PMC executive vice president Jonathan Stavin said Tuesday.
February 14, 2016 |
The chairman of a Delaware River neighborhoods association is raising concerns about a developer's apparent plans for the South Philadelphia waterfront site north of Reed Street formerly owned by Sheet Metal Workers Local 19. Matt Ruben said at a meeting of the Central Delaware Advocacy Group Thursday that a plan on the website of K4 Associates for what appears to be a cluster of residential high-rises on the 18-acre parcel would introduce too...
February 10, 2016 |
The Klein Co. has purchased the 320-unit Soko Lofts residential-development project at 1300-54 N. Second St., near Northern Liberties, from Canus Corp., real estate services firm Newmark Grubb Knight Frank said in a release on Monday. According to records filed with the city, a company with an address matching Klein Co.'s paid $7.3 million for the property in November. The apartment project is fully approved, with construction on a 2.8-acre parcel expected to begin later this year, according to NGKF, which represented Canus in the deal.
February 2, 2016 |
The lost 19th-century graveyard established by Richard Allen, founder of the African Methodist Episcopal Church, and utilized heavily by the city's black community until shortly after the Civil War, has been named a National Historic Site by the federal government. The existence of the graveyard had been forgotten until rediscovered by a historian a few years ago and designated a city landmark in 2013. Bethel Burying Ground now joins a handful of city graveyards - Christ Church Burial Ground, Old Swedes' Church Cemetery, Mikveh Israel Cemetery, the Woodlands - on the national register.