Top News in Philly Development: October 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 September news.

Real Estate Trends and Market Updates:

Attention, Bargain Hunters! Here Are the 10 Cities With the Most Homes Under $100K
Where: SFGate
What: Philadelphia among top 10 cities in US with high inventory of homes under $100K.

Philly’s Life Science Boom Will Be Heavy On Coworking
Where: Bisnow
What: Philly might see the rise of more co-working spaces to support its life sciences startups.

Philadelphia’s real estate tax breaks benefit the wealthiest in the city, analysis shows
Where: The Daily Pennsylvanian
What: Tax abatements bring more development to Philadelphia, but potentially tens of millions of dollars loss in funding to Philadelphia schools.

With Fashion District Finally Open, Insiders Buying, 5% Investor Stake Disclosed – Philadelphia REIT Is At The Inflection Point
Where: Seeking Alpha
What: Philadelphia’s new Fashion District is trending among investors on the market.

City Council expands lead-safety testing for rental units; Kenney says he will sign
Where: Philadelphia Tribune
What: New bill could require landlords of all rental units in the city to perform lead-testing by 2020.

Homeowners are on the hook to fix Philly’s ‘disintegrating’ sidewalks
Where: Billy Penn
What: With disability organizations suing Philadelphia over sidewalk disrepair, the city works to find options for homeowners to afford repairs.

Openings and Up-and-Coming Development Projects:

Navy Yard Developer RFQ
Where: PIDC Phila
What: PIDC is looking for a commercial development partner at the Philadelphia Navy Yard. Deadline for RFQ is Nov. 22.

Turnkey Property Pro Vows to Revitalize West Philadelphia
Where: PRNewswire
What: Turnkey, a Philly-based real estate investment co, is redeveloping homes (and neighborhoods) in West Philly.

Center City draws $2.8B in development — and fewer parking lots
Where: WHYY
What: Developers shift away from building parking lots towards building more buildings in Center City, Philly, causing concern over increased traffic congestion.

The Arts and Architecture:

Property with a Revolutionary War-era legacy gets a new life
Where: Washington Post
What: A couple with experience in real estate purchase, restore, and save a Revolutionary War era property from extinction.

Construction threatened to hide a mural. Technology ‘never done’ before in Philly will save it.
Where: Philadelphia Inquirer
What: A mural in Philly saved, through a surprising new process of digital reproduction.

90-Foot-Tall Hologram ‘Ghost Ship’ to Dock on Race Street Pier
Where: NBC10Philadelphia
What: A 90-foot-tall holographic ghost ship will be on display at Race Street Pier through Nov. 3, giving audio histories of Philadelphia in the 1700s.

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.