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

November 13, 2019
townhouse

Permanent, Affordable Housing Coming to Point Breeze

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
traffic jam

New Traffic Signal Near City Hall Gives SEPTA Buses a Head Start

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
south street

Philadelphia Joins Co-Living Movement

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
groceries

Trader Joe’s Prepares to Open Second Center City Location

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 […]
September 24, 2019
shopping

ICYMI: Fashion District Philadelphia Had Grand Opening This Week

In case you missed the shablam of media coverage (probably because you’re an Eagles fan who was too busy daydreaming about Nick Foles and mixing up your Draino cocktail), the long-awaited Fashion District Philadelphia opened in Center City this weekend! The so-called “retail-tainment” venue, which spans three city blocks, rose from the ashes of the former, decrepit Gallery Mall in […]
September 5, 2019
guitar

Headliners Announced for Center City Music Venue’s Opening

Market West is getting a new hotspot – a winery, resto, and music venue called (appropriately) City Winery. Born in New York City and with locations in East Coast cities as diverse as Atlanta, Boston, Chicago, and DC, this establishment has been much-discussed since the chain announced its imminent arrival back in May. Owned by entrepreneur and Knitting Factory co-founder […]
August 20, 2019
orchids

Fact Time: The New Four Seasons Philadelphia

The whole metro area has been buzzing about Philadelphia’s premier hospitality offering: the new Four Seasons, which just opened high atop the Comcast Technology Center. There has been one gushing review, article, or blog post after another in a deluge of press singing the praises of the pristine, glittering hotel. This is not an experience for everyone – rooms start […]
August 19, 2019
money

New Bank Coming to Center City

A new contender has entered the fray in Philly’s already crowded banking scene. Bank of Princeton, a financial institution based in – you guessed it – New Jersey has received authorization to build a banking center in Center City, on Chestnut Street, that will be completed by the end of this year. Bank of Princeton, which boasts $1.3 billion in […]
August 14, 2019
grocery store

Giant to Open… GIANT Flagship Store in Center City

A two-story grocery store is coming to Center City. The store is appropriately called Giant, because the size of the store is gonna be… huge. The store will be part of a new mixed-use development coming to 23rd Street, across from the Schuylkill River, called Riverwalk. It will consist of two apartment towers with Giant taking up 65,000 square feet […]
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