Top News in Philly Development: November 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 October news.

Real Estate Trends and Market Updates:

$12.6 billion: Why the company that built Philly’s skyline is being sold to a California firm
What: Liberty Property Trust is responsible for some of Philly’s most important buildings – like the Comcast Center and the transformation of the Navy Yard into the business corridor it is today. Now its being sold to California-based Prologis.
Where: Billy Penn

Show me the money: Jumpstart Philly announces $3 million in loans for neighborhood developers
What: Jumpstart Philly is serving up mentoring programs and low-interest loans to new developers who need a financial kickstart
Where: WHYY

Building industry endorses changes to 10-year tax abatement as City Council mulls next steps
What: Rather than eliminate the 10-year tax abatement on new developments entirely, City Council is working with the building industry to come up with reasonable changes.
Where: Philadelphia Tribune

Philadelphia Is Experiencing An Influx Of New York Investors Fleeing Rent Control
What: Investors are shifting focus from New York to Philly due to NY’s latest rent control laws.
Where: Bisnow

Openings and Up-and-Coming Development Projects:

Peek inside Philly’s new Trader Joe’s, coming soon to Broad and Arch
What: Second Trader Joe’s location to hit Center City, just across the street from the Pennsylvania Convention Center.
Where: Billy Penn

Developer Streamline plans apartments spanning city block near waterfront in Fishtown
What: New apartment building will span entire city block along the Delaware River Waterfront in Fishtown.
Where: Philadelphia Inquirer

Neighbors green light massive new development project at 24th and Washington
What: A new apartment complex, complete with space for retail, is coming to 2401 Washington Avenue.
Where: South Philly Review

Finally, the final design phase is beginning for Park at Penn’s Landing
What: Penn’s Landing is finally about to complete its redevelopment, as it approaches the final phase in 2021.
Where: WHYY

The City’s $200M Plan to Save South Philly’s FDR Park
What: A cleaner, greener (and less-flooded) plan for FDR Park is in the works thanks to a $200M renovation that will expand the wetland and elevate the parks walkable areas and recreational facilities.
Where: Philadelphia Magazine

A Black-owned firm will help transform part of Philly’s Avenue of the Arts
What: A former health clinic at 500 S. Broad Street along the Avenue of the Arts is tentatively in the works to become a retail and entertainment center.
Where: Pennsylvania Capital Star

The Arts and Architecture:

In Search Of The Girard
What: The surprising architectural background of an otherwise nondescript grocery store in the Old Kensington area.
Where: Hidden City Philadelphia

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.