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

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 […]
August 5, 2019
orchids

New Four Seasons Philadelphia Brings Sky-High Views, Phenomenal Dining

It’s been a long four years since the beloved Four Seasons Philadelphia on the Benjamin Franklin Parkway shuttered, awaiting the construction of its new home in the Comcast Center building. With the tower, now the highest in the city, completed and the twelve floors allotted for the hotel polished, shined, and ready to accept guests starting August 12th, the wait […]
July 30, 2019
philadelphia

Chestnut Street Bridge to Close For a Year

Starting on August 5th, the Chestnut Street Bridge will be closed to traffic for a year as it undergoes necessary repairs and renovations. A lot of drivers are going to have a tougher time crossing the Schuylkill between University City and Center City due to the loss of this major thoroughfare that was a big part of many commuters’ routine. […]
July 25, 2019
coworking

CommonGrounds Brings More Coworking Space to Center City

With coworking being a major theme in the lives of a large pool of nontraditional workers who eschew a 9-5 job served out in a cubicle, can there ever be enough options for a social, well-equipped place to work? San Diego-based CommonGrounds is testing that theory with an enormous new coworking space in Center City West, the company’s first location […]
July 23, 2019
workers

Center City Tower Seeking Tenants

A Center City office tower plagued by vacancies has started to gradually fill empty square footage and plan for that which will be free in the future. 123 S. Broad, one of downtown’s iconic buildings, has been beleaguered by available space since the loss of two major tenants knocked down their numbers. This is not only a curious state of […]
July 22, 2019
bike

New, Safer Bike Lanes Edge Closer to Center City

Bike safety is a major theme in the City of Brotherly Love, and the topic of bike lanes is one that is ever-contentious. Currently, with several repaving projects dotted throughout the city, there has been some expansion of existing bike lanes and the addition of new ones. One of these projects, a two-lane bike path dubbed a “superhighway” for cyclists, […]
July 17, 2019
coins

Washington Square Office Building Sets New Pricing High

Just when you thought that real estate prices in Center City couldn’t get more bananas, another newsworthy purchase has reset the bar for breathtakingly pricey square footage. This time, we’re not talking about a gleaming steel-and-glass penthouse in a skyscraper, but rather a medical tower. News broke last week that University of Pennsylvania Health System, alias Penn Medicine had snapped up […]
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