Real Estate News

This section was specifically created by the Center City Team to provide the most up to date real estate news and data pertaining to the Philadelphia community. Find all of the real estate related news impacting Philadelphia and the surrounding suburbs.

We hope you enjoy the information we offer! If we can help you in any way, please speak with one of our talented real estate agents, or directly contact the Center City Team office: 215.440.2093

August 14, 2019
grocery store

Giant to Open… GIANT Flagship Store in Center City

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
orchids

New Four Seasons Philadelphia Brings Sky-High Views, Phenomenal Dining

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 29, 2019

The CENTERfold: Fitler Square Jewel-box That Blends Old and New

It’s been a long time since I’ve brought some swoon-worthy real estate to the CENTERfold. This particular beauty is a 2/1 condo in Fitler Square that is charming enough to make anyone fall madly in love. The room count makes this sound like a small place, but it actually wonderfully airy and spacious, spread over a generous 900 square feet […]
July 25, 2019
coworking

CommonGrounds Brings More Coworking Space to Center City

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
workers

Center City Tower Seeking Tenants

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 […]
July 17, 2019
coins

Washington Square Office Building Sets New Pricing High

Just when you thought that real estate prices in Center City couldn’t get more bananas, another newsworthy purchase has reset the bar for breathtakingly pricey square footage. This time, we’re not talking about a gleaming steel-and-glass penthouse in a skyscraper, but rather a medical tower. News broke last week that University of Pennsylvania Health System, alias Penn Medicine had snapped up […]
July 3, 2019
shipping containers

Freight Company Ready to Open Office in Center City

An international freight forwarder and logistics platform, Flexport, is coming to a former coworking space in Rittenhouse Square. The new office will be Flexport’s fifteenth global location, and is intended to serve the company’s mid-Atlantic customers. According to the company, there is a growing demand for freight services in this region. The new office will be located at 1430 Walnut […]
July 1, 2019
lawyer

Law Firm Sets Sights on Fitler Square Development

One of Philadelphia’s largest law firms is on the verge of hopscotching down Market Street for an immense new home when its current Center City lease expires in 2021. Morgan Lewis & Bockius says that it will not renew its lease at Six Penn Center at 1701 Market Street, which is set to end in 2021. Instead, the firm is […]
June 27, 2019
gas

Center City Utility Bill-Pay Center to Shut Down

In a send-off to a bygone era when city residents paid their utility bills in person with cash or a check, Philadelphia Gas Works’ Center City location in Washington Square West will be closing at the end of the month. June 28th will be the final day of business for the storefront, which handles customer bill-pay for those who don’t […]
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