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

September 3, 2011

New Investors Attempt To Revive Foxwoods Casino

New Investors Attempt To Revive Foxwoods Casino According to Philly.com a new investor team is attempting to revive the Foxwood Casino project however gaming regulators in Pennsylvania claim they don’t have the authority or desire to reinstate Foxwood’s revoked casino license.  Foxwoods lost its license last December and they are now trying to extend their appeal in Pennsylvania Commonwealth Court.  […]
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September 1, 2011

New Center City Philadelphia Restaurants

New Center City Philadelphia Restaurants Michael Klein wrote a great article that outlines the 60 new restaurants coming to Center City Philadelphia that included and interactive map! Not only does it include the names and locations, but also the project opening date. “Pockets of Center City, especially near Broad Street and Rittenhouse Square, are the hottest areas. The restaurant zone […]
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August 31, 2011

More on Toll Brother’s Headhouse Square Project in Society Hill

More on Toll Brother’s Headhouse Square Project in Society Hill Society Hill – Coincidentally, Planphilly.com posted an article today on the Toll Brother’s Society Hill project I blogged about yesterday.  Here’s the latest update from their article. Toll Brothers wants to build a 70-unit, low-rise condominium on the site of the failed NewMarket development in Society Hill.  The location, between […]
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August 31, 2011

Philadelphia Real Estate Prices Rebound

Philadelphia Real Estate Prices Rebound Center City – Alan J. Heavens of the Philadelphia Inquirer wrote a piece describing how Philadelphia real estate home prices have rebounded in the 2nd quarter of 2011. Home prices in the second quarter of 2011 rose 3.6 percent nationally after falling 4.1 percent in the first three months of 2011, according to the Standard […]
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August 30, 2011

City of Philadelphia Negotiating With Reading Viaduct Owner

City of Philadelphia Negotiating With Reading Viaduct Owner Loft District – Philly.com reports that The Center City District and SEPTA are working on a legal agreement to start the process of creating a park on the SEPTA-owned portion of the remaining Reading Viaduct. The Center City District received grants from two foundations to pay for design work for a park, and that […]
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August 30, 2011

Toll Brothers Coming To Headhouse Square in Society Hill?

Toll Brothers Coming To Headhouse Square in Society Hill? Society Hill – According to Philly.com, Toll Brothers has until August 31st to exercise an option to acquire a site of the NewMarket restaurant and retail center, between Front and Second, Pine and Lombard, on the east end of Society Hill, for a condominium development. New Market, as it was originally known, also […]
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August 29, 2011

White House Support For Mortgage Refinance Plan?

White House Support For Mortgage Refinance Plan? According to the New York Times, the Obama administration is considering a number of proposals aimed at strengthening the housing market, helping a large number of homeowners and stimulating the economy for a low cost. One proposal would allow millions of homeowners with government backed mortgages to refinance them at today’s lower interest rates. […]
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August 29, 2011

Buyers Choosing Fixed Rate Mortgages And 15 Year Term

Buyers Choosing Fixed Rate Mortgages And 15 Year Term According to Freddie Mac, most home buyers and refinancers are choosing fixed rate loans but prefer 15 year amortizations over the traditional 30 year fixed rate mortgage. Between April-June 2011, of all the Freddie Mac-to-Freddie Mac refinances, 37% of homeowners who started with a 30-year fixed transitioned into 15-year or 20-year fixed rate […]
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August 28, 2011

30th Street Station Next Great University City Outdoor Space

30th Street Station Next Great University City Outdoor Space University City – According to www.UniversityCity.org, the next great Philadelphia outdoor space is coming to the areas surrounding 30th Street Station.  Currently the area remains nameless and there is a contest to name it.  Here are some of the details and renderings from the website. Name Philadelphia’s Next Great Public Space! […]
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