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 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 […]
August 30, 2016
university city

Massive Redevelopment Plan for University City Takes Shape

It’s going to take 35 years and $6.5 billion dollars, but you’re going to see a whole new face on Philadelphia’s University City. The central Philadelphia neighborhood, located on the Schuylkill River and east of Drexel University between Walnut and Spring Garden Streets, is facing major changes. It’s thanks to a cooperative effort between Amtrak and the Southeastern Pennsylvania Transportation […]
March 10, 2016
house for sale

Wells Fargo Pledges $5 Million to Philadelphia Homeownership

The Wells Fargo & Company bank is committed to helping out with boosting home ownership in the Philadelphia community. To that end, they’ve teamed up with NeighborWorks America and its network member New Kensington Community Development Corporation (NKCDC) to create a program that will hopefully create more new homeowners by assisting citizens with their down payments. Wells Fargo has committed […]
December 15, 2015
apartments

Developers Seek to Fill Philadelphia’s Apartment Shortage

A piece that ran today in the Wall Street Journal covered Philadelphia’s apartment shortage and profiled one big-name project stepping in to fill the void. As is the trend in cities with more than five million people, the downtown population is on the rise in Philadelphia. Millennials and empty-nesters especially are flocking to these urban centers, and Philadelphia has lagged […]
December 11, 2015
249 arch

Tech Company Moves to Old City

Tech company Linode was one of the innovators of “the cloud,” a service that today has been dominated by industry giants like Amazon and Google. Linode was there first, offering affordable storage plans to consumers. The company was founded by Christopher Aker on the Jersey Shore, but now Linode will be moving to Philadelphia’s Old City. The company will be […]
November 16, 2015
one riverside 2

Coming Soon: One Riverside

Fitler Square is one of Philadelphia’s most-desired addresses – and now, a brand new condo building will give you a new option in luxury living. One Riverside is located at 210-20 S. 25th Street, an easy walk to Rittenhouse Square, the University of Pennsylvania, Drexel University, 30th Street Station, CHOP, and more. Every Philadelphian knows that it is all about […]
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