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Top News In Philly Development: July 2020

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 June news.

Real Estate Trends and Market Updates:

Philadelphia Real Estate Market Booming Despite Coronavirus Pandemic, Huge Unemployment Rates
Where: CBS Philly
What: Despite Philadelphia’s huge unemployment rate, Real Estate Investment is soaring with buyers hurrying to take advantage of the city’s tax abatement program.

Philly-Area renters are staying put, opting for shorter leases, and seeking more affordable units amid coronavirus uncertainty
Where: The Philadelphia Inquirer
What: With Coronavirus cases still surging, Philadelphians face a lot of uncertainty, and many are halting plans to move in hopes to save money.

Tenant Talks: Life Science is COVID-Proof Real Estate
Where: Commercial Observer
What: As New York City prepares to head into Phase II Covid recovery, the Life Science market is an area of commercial Real Estate that remains safe and full of potential.

New York’s Population Drain is Philadelphia’s Gain
Where: Bisnow
What: New Yorkers are migrating to Philadelphia in increasing numbers, due to cheaper rents and better home values for homebuyers.

The Flight to the Suburbs is Real and Growing, as Coronavirus Changes the Way People Live
Where: NBC10
What: Many Philadelphians are looking to escape denser city areas for suburban communities with more space and remote work.

Be Ready for Bidding Wars: Tips to Win in Philly
Where: Philly Voice
What: The lower home inventory means an even more competitive market for home buyers, but Philly Voice has some great tips to help.

Openings and Up-and-Coming Development Projects:

PES Site’s New Owner Envisions an Environmentally Conscious Commercial Hub
Where: WHYY
What: Chicago – based Hilco Redevelopment Partners officially ends 150 years of oil refining in the Philadelphia Energy Solutions Refinery with plans to convert the space into a 1,300 acre distribution and commercial center.

Developer Breaks Ground on Massive Conshohocken Apartment Complex Near SEPTA Station
Where: Philly Voice
What: A brand new transit-oriented development project will bring 304 apartments in Conshohocken, boasting easy access to SEPTA’s regional rail.

The Arts and Architecture:

This SimCity-type Game Will Help Players Understand Urban Planning Via Philly Open Data
Where: Technical.ly
What: Drexel’s Entrepreneurial Game Studio has developed a video game that will help players acquire a better grasp of urban planning and how real estate development can shape the communities around it.

Inga Saffron’s New Book, “Becoming Philadelphia,” Collects Her Columns into a Story of Our City, Renewing Itself
Where: The Philadelphia Inquirer
What: Philadelphia Writer and Critic Inga Saffron has published Becoming Philadelphia, a new book containing a collection of her Inquirer columns from 1999 to 2019.

If you’re looking for your next neighborhood and not sure where to go, just ask your Philly Realtor, Christina Briglia, for help! 267.231.5484 or phc.christina@gmail.com.

Category: News
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