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

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 […]
June 24, 2019
living room

Maryland Investment Company Buys Up Logan Square Apartments

A luxury apartment complex has been purchased by a Maryland-based development company. Edgewater, a well-heeled complex consisting of one 13-story tower and 20 townhouses (286 units in total), is located in Logan Square at the base of the Vine Street Expressway and overlooks the Schuylkill River. The parcel, which was bought by Chevy Chase-based company FCP as the latest in […]
June 18, 2019
arthaus

Arthaus Condo Tower Breaks Ground in Center City

A(nother) beautiful luxury condo tower is coming to Center City!   Welcome to the Arthaus Located in the desirable Avenue of the Arts neighborhood, the Arthaus building will have forty-seven stories of high-end living. The building will be situated across from the Kimmel Center. The developers are touting the fact that residents can live, work, and play all within the […]
May 23, 2019
woodcutter

These Surprise Home Maintenance Costs Can Shock First-Timers

It’s rough being a first-time home buyer. You probably just spent more money than you ever had on anything in your life, and that was just the down payment. Closing costs and the many fees that go along with purchasing a home can leave you reeling if you haven’t been through the whole rigamarole before. And, to add insult to […]
May 22, 2019
tropical

Airbnb for Summer Vacay? Don’t Get Scammed!

Summer is in the air. As the days grow longer and warmer, we say goodbye to the snow and freezing cold of winter, and cast off our layers of clothing in favor of swim trunks and sundresses. For many Philadelphians, and not just those with kids, the coming of the warmer months means one special thing – it’s time for […]
April 24, 2019
solar power

Philly Opens Program to Help Homeowners Go Solar

There’s no doubt that “going solar” is the wave of the future. As trends turn away from fossil fuels and other types of energy that are bad for the environment; clean, plentiful solar energy is clearly the answer. Many homeowners are interested in harnessing the power of solar, but the cost of the equipment needed to convert (to wit: solar […]
April 9, 2019
traffic

Is Philadelphia Considering Congestion Fees?

Everybody with a car done been knew that traffic in Philly is a hot mess. Congestion reigns supreme during both morning and evening rush hours, which are so long that it almost feels like they bleed into one another. Getting in or out of Center City at almost any time is a disaster. The state of the traffic promotes road […]
March 26, 2019
hotel room

Hospitality Jobs Skyrocket as Philly Hotel Scene Expands

Tourism has been on the rise in the City of Brotherly Love for a long time. In the last five years or so, Philly has been thrust repeatedly into the national spotlight. We had the visit from the Pope, the Republican National Convention, and many other events that have put Philly even more prominently “on the map.” More special events […]
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