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    Top News in Philly Development: June 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 May news.

    Real Estate Trends and Market Updates:

    Philly housing costs rising faster for poor and middle-income residents than for the wealthy
    What: A new study finds that from 2007-18, housing costs for those making below the national median income rose by 8 percent in Philadelphia.
    Where: Metro

    Energy Efficiency Regulations Are Hitting U.S. Cities. How Can Property Owners Prepare?
    What: How Philly builders can prepare for future energy efficiency regulations by partnering up with existing companies.
    Where: Bisnow

    Why Are House Prices Higher in LGBT Neighborhoods? Buyers in Gay Areas Face Paying up to Four Times the Average Price
    What: New study finds that properties with highly-concentrated numbers of LGBT couples can be up to four times as expensive as properties in other neighborhoods within the same city.
    Where: Newsweek

    The Problem With Depending On Eds And Meds For A City’s Growth
    What: Making the case for why Philly’s booming business in eds and meds brings in more investors, but not more jobs.
    Where: Bisnow

    Openings and Up-and-Coming Development Projects:

    Outside Philly’s Reading Terminal Market, a pedestrian plaza to come to Filbert Street
    What: A new pedestrian-friendly plaza will bring more foot traffic, dining, and art installations to the space adjoining Reading Terminal Market.
    Where: Philadelphia Inquirer

    The Arts and Architecture:

    In Philadelphia, a Small Living Prototype Aims to Go Where Other Developers Won’t
    What: A fascinating look into the recently-built, award winning design of a home in Brewerytown that maximizes small lot space with surprising height.
    Where: Metropolis

    Meet the Husband-and-Wife Team Behind Philly’s Coolest Hotels
    What: The faces – and stories – behind the unique line of Lokal Hotels in Philadelphia (and now in Cape May!)
    Where: Philly Mag

    At Philly’s community gardens, growing frustration over their future
    What: Philly’s urban gardens struggle to survive in the wake of increasing neighborhood development projects.
    Where: WHYY

    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 phc(dotted)christina(at)gmail(dotted)com.

    Category: News, Philly Real Estate