Development News
This section contains of everything you might need to know about real estate development news in Philadelphia—all of the new construction homes, condos, townhomes, and apartments. If there’s a major development happening, then our committed team of real estate agents are keeping you updated with everything you need to know.
We hope you enjoy the information we offer here! For a consultation with an experienced realtor, speak with one of our talented real estate agents or directly contact the CenterCityTeam office: 215.440.2093
January 16, 2020
At 37-39 S. 2nd Street in Old City, there’s a rundown parking garage. Poorly-lit and sporting ancient, yellowed signage, it doesn’t look like much of anything except scary. However, a real estate company owner saw potential in the aging structure and scooped it up recently. Unlike most sales of downtrodden real estate in booming Old City, the parking garage is […]
January 13, 2020
In a large metropolis like Philadelphia, things are usually bigger. The skyscrapers reach tall towards the clouds, the parks are vast and littered with historical markers, and flagshop store locations feature perhaps three floors of retail where their suburban counterparts have only one. But is bigger always better? Not necessarily. Old City Philadelphia is home to the world’s largest Wawa […]
January 2, 2020
Philadelphia is a big city that has long been plagued by one major shortcoming: there simply are not enough hotel rooms available for guests when the city hosts large events. The Pope’s visit, the DNC, and other international banner events have left would-be guests clamoring for overpriced Airbnb units or staying on friends’ couches, since the limited hotel space gets […]
December 26, 2019
It’s a prime piece of in a desirable and hot part of Center City. Sandwiched between the gleaming edifices of condo towers and ritzy downtown retail, this lot, bursting with potential, is currently nothing but a carpark. How did such a gem come to be jinxed, and why hasn’t someone stepped forward to try and claim it? It’s all in […]
December 16, 2019
There’s only nine more days until Christmas… can you believe it? I don’t know about you, but I’m fully in the spirit. I’m halfway done wrapping my Amazonian mountain of gifts – meaning that it is both huge and consists of Amazon boxes – my tree has been up and shining for several weeks, and my cards have all been […]
November 13, 2019
Affordable housing is at a critical low, not just in Center City, but in the suburbs surrounding downtown as well. It’s truly a problem that affects all of Philadelphia, but its densely-packed core experiences the housing issue most keenly. Rochelle Nichols-Solomon grew up in Point Breeze. It’s her neighborhood. She’s lived to see the neighborhood change, largely in part due […]
November 7, 2019
It’s a problem seen in big cities all across America – buses pull over to the curb to collect or disgorge passengers, and then are blocked by traffic on the street that will not allow them back in. It’s by no means an exclusively Center City problem, but downtown’s outrageous traffic issues, paired with a consequential aggression on the part […]
October 15, 2019
The price of housing in Philadelphia is, as many residents will tell you at length, skyrocketing. As the City of Brotherly Love emerges onto the national and world stages as a significant place to live, work, and play, more and more people want to live here. Even with new condo and apartment buildings rising from the ground on seemingly every […]
September 30, 2019
A brand-new Trader Joe’s grocery store is coming to Midtown Village later this month. The cult-favorite company managed to keep the news mostly mum until building permits (which are public) and looky-loos sussed out that the ground floor of 1324 Arch Street looked an awful lot like a TJ. Through the windows, you can spot a dozen cash registers and […]