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

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 […]
April 23, 2018

Historic Church Is On the Chopping Block

Usually, the saying “out with the old, in with the new” holds true for most things. Sometimes, however, something shiny and new isn’t preferable to something with age and beauty on its side. Such is the case with Christ Memorial Reformed Episcopal Church, which a developer plans to knock down so he can build apartments on the site. Christ Memorial […]
April 18, 2018

Rail Park On Schedule to FINALLY Open!

I think this is the third time I have written a headline about Rail Park opening, but this time it’s serious… there’s an opening date for the raised park that Philadelphia has been anticipating for years. The park was already supposed to be open by now, but city engineers called into question the structural integrity of a railroad bridge that […]
April 11, 2018

Will Condo Project Put a Damper on Viaduct Park Expansion?

Land around the Art Museum Area is at a premium these days. As one of the hottest nabes in Philly, developers are vying against each other for a chance to build in this desirable chunk of the always-hot Center City. In today’s news, a newly-approved condo project could put the kibosh on plans to expand Viaduct Park, the raised linear […]
February 8, 2018
rail park

Eagerly Awaiting Rail Park? You’ll Have to Wait a Bit Longer

Residents of Center City who have been waiting over a year for the opening of Rail Park (the former Reading Viaduct raised park project) will have to wait a bit longer to enjoy the new parkland: the opening of the park has been pushed back to spring. The culprit is a decaying pedestrian bridge located over 13th Street. The Center […]
January 11, 2018
comcast technology center

Comcast Technology Center: What You Need to Know

It’s on course to make one hell of a mark: the tallest, greenest, smartest building in Philadelphia. After a long period of anticipation, the Comcast Technology Center is due to open its doors this year. It will be the first “supertall” (read: mega skyscraper) building in Philadelphia, and a jewel in the crown of Center City. It was designed by […]
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