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
September 24, 2019
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
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
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
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
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
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
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
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
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 […]