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 phc.christina@gmail.com.