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Top News in Philly Development: March 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 February news.

Real Estate Trends and Market Updates:

Federal Budget Includes $92M Philadelphia Investment
Where: patch.com
What: In 2021, The U.S. Custom House at 1200 Chestnut Street is getting rewarded with a $91,965,000 million dollar repair and upgrade.

Streamline seeks fresh start on toxic Kensington soil: ‘We’re a different animal’
Where: The Philadelphia Tribune
What: Streamline Solutions has plans to develop East Kensington in efforts to redefine the area, with a proposal to build a 190-unit housing complex.

Top 6 Small Business Ideas for New Entrepreneurs in Philadelphia
Where: The Hack Post
What: Interested in starting a small business in Philly? This article covers different ideas and recommendations to help get you started on building your dream.

Phillies great Ryan Howard lists luxury condo in Philadelphia
Where: The Los Angeles Times
What: Retired Philadelphia Philies Ryan Howard, has just listed his luxury Rittenhouse condominium for sale.

7 Ways to Solve Philly’s #ConstructionSoWhiteProblem
Where: WHYY
What: This article by WHYY discusses the importance of diversity in Philly’s construction and real estate industries.

6 Best Real Estate Investing Strategies for Beginners
Where: My Mother Lode.com
What: Are you a beginner looking to invest in Real Estate? This article gives several tips on how to get started.

Philly Poised for Office Boom Not Seen Since Early 90’s
Where: NBC10 Philadelphia
What: What’s the next big trend in Philly real estate? Office space, and lots of it.

South Philadelphia Community, Activists Unveil Plans to Save Beloved Hoa Binh Plaza
Where: CBS Local
What: South Philly Activists are fighting to save the beloved community shopping center Hoa Binh Plaza from being closed and redeveloped into condos.

Meet 3 U.S. Cities Where the Cost of Living Is Low, the Talent Pipeline Is Rich, and Entrepreneurs Are the Youngest in the Nation
Where: Inc.com
What: Alongside New Orleans and Salt Lake City, Philadelphia has the honor of being one of the cities with the youngest entrepreneurs and business founders.

Local Exposure to Macy’s Store Closures Could be Vast
Where: WHYY
What: Macy’s Inc. is planning on closing at least 125 of its “least productive” locations. Many of those locations could be in Pennsylvania.

Building it Better Together: Efforts Underway to Ease the Squeeze of Gentrification
Where: 6ABC Action News
What: Aaron Clarke and his company, “Philly Credit Mechanic,” are working with the City of Philadelphia to ensure rising costs of rent do not kick out tenants from neighborhoods they call home.

Philly expands down-payment assistance program that will give $10,000 to first-time home buyers
Where: The Philadelphia Inquirer
What: Philly is expanding its program to help local first-time buyers in the purchase of a new home. Click on the link for more details!

Openings and Up-and-Coming Development Projects:

Innovation Center in Philly Navy Yard Sells for 61M
Where: Connect Media
What: Liberty Property Trust has listed Axalta’s Global Innovation Center in Philadelphia’s Navy Yard is up for sale for 61 Million.

Philly Refiner’s Bankruptcy Plan, Sale to Real Estate Developer Approved
Where: Financial Post
What: On Thursday, the bankruptcy court approved a plan for The Philadelphia Energy solutions oil refinery site to be sold and redeveloped.

12 Units Rising within Old and New Structures in Fishtown
Where: Rising Real Estate
What: New construction blends the old with the new in Fishtown, where 12 units were built in one of the tallest structures in the immediate area of 2045 Trenton Ave.

Bok North? Historic Kensington School Reopening as Space for Creatives
Where: Billy Penn
What: Coming up soon, the former Thomas Powers School constructed in 1899 will be converted into a massive studio space for artists.

The Arts and Architecture:

Positively Philadelphia: The Tale of the ‘Handmaid’s Tale’ Costume
Where: KYW News Radio
What: If you’re a fan of the show, The Handmaid’s Tale, then you can see one of the original costumes on display now at The Philadelphia Museum of Art exhibit, Designs for Different Futures.

Philly Entrepreneur Richard Fox Dies at 92
Where: NBC Philadelphia
What: Entrepreneur, philanthropist, and namesake of Temple University’s Fox School of Business, Richard Fox, has passed away at the age of 92.

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.christina@gmail.com.

Category: News
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