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      Top News in Philly Development: April 2019

      Ever feel like Philly changes so fast you can’t keep up? No sweat. We’ll be bringing you our favorite articles from the month on Philly development – North, South, East, and West. See below for a roundup of all the best local articles from March news.

      Real Estate Trends and Market Updates:

      Flexible-Stay Apartment Company Makes Big Entrance Into Philly Market
      What: Over 500 Philadelphia apartments will be leased under the flexible stay model, which can run as short as a few days, or for as long as a few months.
      Where: Bisnow
      When: March 7, 2019

      Fire sale? The Kensington-Port Richmond scrapyards are cashing out to developers
      What: Scrapyards in Kensington selling out in favor of developers bringing apartment buildings and commercial spaces to the neighborhood.
      Where: Billy Penn
      When: March 8, 2019

      This Map Shows How Much You Need to Earn to Afford a House in the 15 Biggest U.S. Cities
      What: Philadelphia ranks as the most affordable major US city to buy a home.
      Where: Thrillist
      When: March 19, 2019

      Unlocking Philadelphia’s Office Market Potential
      What: Demand – and rental prices – predicted to increase for office spaces in Philadelphia and surrounding suburbs.
      Where: Commercial Property Executive
      When: March 21, 2019

      Report: Philly Is Gentrifying More Than San Francisco, the Poster Child for Displacement
      What: An analysis of development trends in Philadelphia tracks the neighborhoods most likely to see change.
      Where: Philadelphia Magazine
      When: March 25, 2019

      Openings and Up-and-Coming Development Projects:

      Philly-to-Pittsburgh hyperloop gets funding for $2 million feasibility study
      What: $2 million study approved to determine the feasibility of a hyperloop rail line connecting Philadelphia to Pittsburgh. The hyperloop would cut down travel time between the two cities to under half an hour.
      Where: Philly Voice
      When: March 11, 2019

      Nation’s First Video Gaming Arena Coming To South Philly
      What: The nation’s first video gaming arena, with 3,500 seats, opens in South Philadelphia right next to Xfinity Live.
      Where: Radio 104.5
      When: March 25, 2019

      The Arts and Architecture:

      Philly Is Getting 5 New Historical Markers
      What: 5 more places in Philadelphia will be commemorated as important historical sites, with the corresponding plaques to accompany them.
      Where: Philadelphia Magazine
      When: March 15, 2019

      Do you have questions about Philly’s changing neighborhoods and real estate trends? Reach out to Christina Briglia, Realtor, anytime at 267.231.5484 or [email protected].

      Category: News, Philly Real Estate