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 26, 2011

Goodbye American Commerce Center, Hello 2nd Comcast Building?

Goodbye American Commerce Center, Hello 2nd Comcast Building? Center City – An article on Philly.com speculates about a possible second Comcast Building in the Center City Philadelphia skyline.  A buyer affiliated with Liberty Property Trust purchased the lot on corner of 18th and Arch in Logan Square that could have been used to build the American Commerce Center Tower – […]
August 26, 2011

Northern Liberties Superfresh Is Open

Northern Liberties Superfresh Is Open Northern Liberties – Northern Liberties finally has a Superfresh.  Since 2010 the 51,000 square foot building that was supposed to house a Pathmark has remained vacant. Finally after approximately 2 years the building located at 2nd and Girard, in Northern Liberties,  is occupied!   This morning 120 employees showed up and Superfresh opened to the […]
August 24, 2011

Philadelphia Real Estate And Beyond August 24, 2011

Philadelphia Real Estate And Beyond August 24, 2011 Homeowners Facing Foreclosure Increasing – The number of Americans at risk of foreclosure is rising, likely due to high unemployment. The Mortgage Bankers Association said recently that 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which is adjusted for seasonal factors, rose 0.12 percentage […]
August 23, 2011

Curtis Institute’s Rittenhouse Square Dorm Complete

Rittenhouse Square – According to Philly.com the Curtis Institute of Music’s  Lenfest Hall in Rittenhouse Square is nearly complete. Lenfest Hall is  the new dormitory and rehearsal hall for the Curtis Institute of Music designed by Robert Venturi and Denise Scott Brown of Venturi, Scott Brown and Associates.  The property is located between 16th and 17th on Locust Street in Rittenhouse […]
August 22, 2011

New Drexel University Biology Building at 33rd and Chestnut

University City – New Drexel University Biology Building at 33rd and Chestnut According to a Philly.com article,  Drexel University is building its new Papadakis Integrated Sciences Building at 33d and Chestnut.  Here are some pictures of the impressive building.       Here’s a snippet from the Drexel University Website The Papadakis Integrated Sciences Building, designed by world-renowned architects Diamond and […]
August 19, 2011

Venice Island Renovations In Manayunk To Begin

Venice Island Renovations In Manayunk To Begin The $46-million overhaul of the Venice Island Recreation Center in Manayunk site gets underway next week.  The renovations will be a three-phase project that over the next two years will result in the removal of the current recreation center, playground, and swimming pool in order to install 1) “The Big Tank” — a […]
August 18, 2011

Owner of Melrose Diner Purchases Broad Street Diner

Owner of Melrose Diner Purchases Broad Street Diner Philly.com reports that the owner of the Melrose Diner, Michael Petrogiannis, recently purchased and started improvements on the long closed Broad Street Diner. The diner, which has been closed for years, garnered city wide attention two years ago when Stephen Starr became interested in the property. Starr put the property under contract for […]
August 15, 2011

Historical Commission OK’s New Old City Building

Historical Commission OK’s New Old City Building At a recent meeting of the Historical Commission, the firm of HarmanDeutsch gained final approval for its design of a proposed Old City building at intersection of 3rd and Chestnut. HarmanDeutsch had appeared two times previously before the Commission’s Architecture Committee and been denied approval. The five-story project falls under the jurisdiction of the Historical Commission because the previous […]
August 15, 2011

Philadelphia Devising Plan To Convert Reading Viaduct Into Elevated Park

Philadelphia Devising Plan To Convert Reading Viaduct Into Elevated Park Philadelphia is still continuing working on a plan to transform the Reading Viaduct, an antiquated and abandoned elevated train track into a new Philadelphia park with amazing views of the Loft District Neighborhood and the Center City Skyline. According to Wikipedia, The Reading Viaduct is the common name for an abandoned railroad […]
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