Top News in Philly Development: July 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 June news.

Real Estate Trends and Market Updates:

New study finds elevated risk of pollution exposure in some of Philly’s hottest neighborhoods
What: Unlike other cities in the Northeast, a study finds that a higher concentration of pollution can be found in Philly’s more popular neighborhoods – owing in part to the location of the Vine Street Expressway.
Where: Philadelphia Tribune

Black Real Estate Mogul Don Peebles to Create $500 Million Fund for Minority Real Estate Developers
What: Don Peebles plans to start a $500 million investment fund aimed at minority and women developers, with a special focus on projects that will include affordable housing.
Where: Black Enterprise

Would A Luxury Multifamily Market Be Welcome In University City?
What: Recent breakthroughs in medical science coming from University City have led to an upsurge in developer interest in the area.
Where: Bisnow

Philadelphia’s controversial new affordable housing policy might actually be working
What: In exchange for building taller sites, developers in Philly must either offer affordable-housing units or pay into the Trust Fund.
Where: Philadelphia Tribune

Openings and Up-and-Coming Development Projects:

Plot twist: Land Bank seeks to repurpose vacant properties, but critics say progress is slow
What: The Land Bank was created to smooth over the purchase of vacant land by gathering it all under one entity. But years of delays have bogged down the progress of what the city hopes will revitalize decaying neighborhoods outside of Center City.
Where: Philadelphia Weekly

Force big developers to offer community benefits? Philly’s Council President wants to make it law
What: City Council President Darrell Clarke proposed a bill that will require big development projects to negotiate with neighborhood groups and offer community benefits.
Where: WHYY

Property company gives Philly homeless free apartments for a year
What: Berger Rental Communities teams up with homeless magazine One Step Away to offer 4 apartments rent-free for a year to Philadelphians who need a helping hand.
Where: Billy Penn

The Arts and Architecture:

The Mütter Museum, Philly’s Highbrow House of Horrors, Preps for Good Kind of Growth
What: Mutter Museum plans to expand its exhibition space by 80 percent.
Where: Philly Mag

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.