November 4, 2014
G ARY CARDI, 39, of Wayne, is a partner in Public House Investments (PHI), which provides management services to restaurant/bars in the mid-Atlantic and Northeast. He also owns two City Tap Houses, in University City and Logan Square, and Field House and Pennsylvania 6 in Center City. Q: How'd you come up with the idea for PHI? A: That's the management company. Each restaurant is individually owned by me or one of my three partners. The management company supplies managers to all 16 restaurants that each partner owns.
October 28, 2014 |
Liberty Property Trust plans to spend $900 million putting up Comcast 's second tower over the next three years. That works out to about $600 a square foot to build. Last week, the owners of 2.0 University Place, a year-old green-roofed building west of the Drexel campus, put it up for sale at $46 million, or $469 a square foot. That's not quite as much as the Comcast tower - but roughly three times what the city's dominant landlord, Brandywine Realty Trust , was paying for central Philadelphia office towers just a few years back.
October 25, 2014 |
Owners of the five-story glass-and-brick building at 30 N. 41st St., west of the University of Pennsylvania campus - one of the few office projects built in the early part of this decade, when rents and values were weak from the recession - have put it on the market at the robust asking price of $46 million, or $469 a square foot. That is triple what some prominent Center City office buildings have traded for in recent years. If they get their price for the building, dubbed 2.0 University Place, it will be a rich yield on the $31 million committed three years ago by its investors - University City redevelopers Scott Mazo and James Levin, and lawyer Thomas Leonard, a Democratic Party fund-raiser, with backing from TD Bank.
October 21, 2014
LET'S GET IN the gutter for a bite to eat. In another of the myriad ways Philadelphia is evolving, now you can sit in the gutter, chill and eat at a parklet, a platform in a parking space. Here's something the world has been clamoring for. Well, maybe it has. We call them parklets. The first time I saw anything like this was in an Israeli Arab town, where they are called necessity. My family ate lamb kebab and hummus at a table placed perpendicular to the curb while cars - even a guy on horseback - rode by. If it's good enough for an Arab town, it's good enough for Philly.
October 20, 2014 |
Philadelphia is as cool as Silicon Valley or Manhattan for start-ups and aspiring entrepreneurs. Yes, really. Got an idea? Go for it. "Philly is a great sandbox. You can try, fail, try again, tweak, and you're not under a huge microscope," says venture capitalist Patrick FitzGerald. Just ask Allison Berliner, who earned an M.B.A. from the Wharton School of Business at the University of Pennsylvania. She spent a semester in San Francisco, but came back east to work at Wanderfly, then co-founded a fashion brands-matchmaking website, PopInShop, in Philly.
October 20, 2014 |
Philadelphia, your moment has arrived. Billionaire-deep wallets and millennial minds are descending on the city Sunday for the start to the first Forbes Under 30 Summit, where tycoons and start-up stars will mindmeld with young entrepreneurs in what organizers hope may become an annual East Coast version of the South by Southwest Festival in Texas. The exclusive event kicks off with a concert in Northern Liberties on Sunday featuring Wiz Khalifa and others. It continues through Wednesday with TED-like talks at the Convention Center, tours of budding commercial and tech enterprises across the city, and visits by Forbes honorees to seven schools.
October 18, 2014 |
The University City Science Center, a 51-year-old business incubator in West Philadelphia, has received a $1 million grant from the U.S. Economic Development Administration for a new program to help start-ups get to commercialization. Phase 1 Ventures will vet technologies that have moved beyond initial proof-of-concept stage, provide management and other project-development resources, and help arrange financing. It will draw on the participation of a range of experts - in science and technology, academia and industry, as well involve entrepreneurs and venture capitalists.
October 6, 2014 |
Hello there It was the last day of Katie's Match.com subscription. After six months with zero luck, she was ready to say buh-bye. Then, scrolling halfheartedly through her last list of possibly matching men, she saw Matt, who had just that day signed up for the online dating site. His profile photo was ridiculous - he was sticking out his tongue. But here was a local guy who had traveled, studied at the University of California at Berkeley, and was rowing-team coxswain both in high school and college.
October 4, 2014 |
The Schuylkill Banks Boardwalk, an $18 million concrete walkway that seemingly floats atop the Schuylkill with spectacular views of University City and Center City, opened to the public Thursday. Officials and citizens praised the sleek walkway as an amenity that will endure for generations. Supported by caissons drilled into the riverbed between Locust and South Streets, the 15-foot-wide walkway is the latest milestone in a years-long effort to convert eight miles of the industrial banks of the Schuylkill into interconnecting walking, cycling, and running trails between the Delaware River and the Fairmount Dam. With a ramp to the walkway visible behind them, Mayor Nutter, U.S. Rep. Chaka Fattah, and other dignitaries took to a podium under overcast skies to lavish the project with accolades.
September 18, 2014
T ESS MICHAELS, 20, of University City, is a social entrepreneur and a Penn senior pursuing a dual degree in management and life sciences. The Philly native is the founder and CEO of Soceana, a startup that launched in January with tech-enabled platforms to generate social good. Q: How'd you come up with the idea for Soceana? A: I volunteered a lot in high school and saw a need for a unique approach. At Wharton, I found that the corporate space was an effective way to bridge volunteerism with philanthropy.