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

April 9, 2019
traffic

Is Philadelphia Considering Congestion Fees?

Everybody with a car done been knew that traffic in Philly is a hot mess. Congestion reigns supreme during both morning and evening rush hours, which are so long that it almost feels like they bleed into one another. Getting in or out of Center City at almost any time is a disaster. The state of the traffic promotes road […]
April 3, 2019
skull

Colonial Bones Found at Philly Construction Site

When I was in college (and afterwards), one of my favorite network TV shows was Bones, a procedural drama about a world-renowned forensic anthropologist and her FBI partner/love interest. The drama was steamy, but by far the most intriguing part of the show were the cases, inspired by real-world situations encountered by author Kathy Reichs. I was astounded by how […]
March 26, 2019
hotel room

Hospitality Jobs Skyrocket as Philly Hotel Scene Expands

Tourism has been on the rise in the City of Brotherly Love for a long time. In the last five years or so, Philly has been thrust repeatedly into the national spotlight. We had the visit from the Pope, the Republican National Convention, and many other events that have put Philly even more prominently “on the map.” More special events […]
March 25, 2019
apartment

Trend: Philly Apartments Being Converted to Quick-Stay Hotels

There has been a revolution in hospitality in the last decade or so, and it has been the “homestay” experience. This is, of course, most exemplified by AirBnB and other sites that let out short-term rentals for tourists who want a homier, more low-key lodging experience in popular areas. There are already units like this in Philadelphia, but the city […]
February 18, 2019
cash register

City Council Passes Cashless Ban

Philadelphia is one step closer to eliminating cashless businesses. On Thursday, the City Council passed a bill that would require all businesses to accept cash as well as debit/credit. The bill is now on Mayor Jim Kenney’s desk for signing. Consumer advocates argue that cashless businesses are discriminating against poor people and the elderly. Low-income citizens are often underbanked, meaning […]
October 25, 2018
amazon

Is Philly Still in Contention for Amazon HQ2?

Philadelphia technically still hangs in contention for nabbing the golden ring that is Amazon’s HQ2 home, but signs seem to indicate that other front-runners in the race are pulling ahead. Specifically, several experts think that the Washington D.C. / Northern Virginia area is primed to be chosen. Money magazine gathered the input of five experts and quizzed them as to […]
October 11, 2018
schuylkill river trail

Philly Quality of Life: Living Near the Schuylkill River Trail

The Schuylkill River Trail is one of Philadelphia’s treasures. Spanning thirty miles from Center City Philadelphia, through Valley Forge National Historical Park in Montgomery County, and ending in Parkerford, PA, the trail is beloved by cyclists, walkers, runners, and Philly-area families. Further work is planned to connect the trail between Christian and 34th streets, closing the gap between the Schuylkill […]
September 25, 2018
terrace

GET HYPE: The Laurel Breaks Ground!

You read it here first when the luxury condo tower The Laurel released promotional pictures of the tony high-rise. The building, which will rise on the last vacant parcel directly on Rittenhouse Square – and, many have opined, the most desirable. The Ritt is already known for being the most well-heeled neighborhood in Philly, but The Laurel will bring with […]
August 7, 2018
terrace

🔥 Hype Alert: The Laurel is Coming to Ritt Square 🔥

Fall will bring the groundbreaking of the hotly-anticipated condo/apartment hybrid building The Laurel. Situated at 1911 Walnut Street – the last vacant lot on Rittenhouse Square – the building will bring unprecedented luxury to an already well-heeled part of Philadelphia. The Laurel will stand 48 stories high, with retail on the first few floors, 20 floors of apartments, and condos […]
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