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
July 22, 2019
Bike safety is a major theme in the City of Brotherly Love, and the topic of bike lanes is one that is ever-contentious. Currently, with several repaving projects dotted throughout the city, there has been some expansion of existing bike lanes and the addition of new ones. One of these projects, a two-lane bike path dubbed a “superhighway” for cyclists, […]
July 17, 2019
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
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
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
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
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
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 […]
June 17, 2019
The site of the former, rundown and depressing Gallery Mall in Center City is undergoing a Cinderella-worthy transformation as its new incarnation, Fashion District Philadelphia, shapes up. In the capable hands of local mall operator Pennsylvania Real Estate Investment Trust (PREIT) and Santa Monica, CA-based Macerich, the new mall is attracting tenants quickly as it approaches its planned September 19th […]
April 9, 2019
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 […]