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.christina@gmail.com.