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JBJ Soul Homes is Philly’s Newest Low-Income Housing

JBJ Soul Homes is Philly’s Newest Low-Income Housing

November 13 was the official ground breaking for a new mixed-use project on a half-acre triangular block located at the intersection of Broad Street, Fairmount and Ridge Avenues in the Francisville neighborhood and close to Philadelphia’s iconic Divine Lorraine building.…

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Penn Medicine to Add New Medical Facility in West Philadelphia

Penn Medicine to Add New Medical Facility in West Philadelphia

Penn Medicine, one of the world's leading academic medical centers, has announced plans to move forward with Phase II of an expansion plan of the Penn Presbyterian Medical Center (PPMC) campus located in the University City section of West Philadelphia.…

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Work Beginning on $79 Million Upscale Residential Complex in Conshohocken

Work Beginning on $79 Million Upscale Residential Complex in Conshohocken

A new upscale apartment community called The Courts at Spring Mill Station is coming to Conshohocken, a suburb of Philadelphia. Almost one year after announcing the project, real estate investment trust Home Properties broke ground last week on the $79 million complex during an official ceremony held onsite, at the…

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Philadelphia Navy Yard Adds New Marriott Signature Hotel

Philadelphia Navy Yard Adds New Marriott Signature Hotel

Last week development company Ensemble Hotel Partners, LLC celebrated the groundbreaking of its first Navy Yard Corporate Center project: a new Courtyard by Marriott hotel located at the corner of Rouse Boulevard and Intrepid Avenue.…

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Work Starts on 149-Unit Multifamily Development; Upscale Project in South Philly to Follow Soon

Work Starts on 149-Unit Multifamily Development; Upscale Project in South Philly to Follow Soon

Mayor Michael Nutter, Philadelphia City Councilman Curtis Jones, Jr. and representatives of development company J.G. Petrucci broke ground last week on a new transit-oriented residential community located at 4862 Umbria Street, right next to SEPTA’s Ivy Ridge Rail Station.…

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NewCourtland LIFE Center Underway for North Philadelphia Seniors

NewCourtland LIFE Center Underway for North Philadelphia Seniors

n underutilized brownfield in North Philadelphia is being redeveloped by NewCourtland Elder Services, Inc., a non-profit organization providing community services, into a $5.6 million mixed-use complex for seniors. The event was marked by a groundbreaking ceremony held at the site attended by city officials and local representatives.…

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Madison Apartment Group Breaks Ground on Luxury M-F Development in Bucks County

Madison Apartment Group Breaks Ground on Luxury M-F Development in Bucks County

By Veronica Grecu, Associate Editor Madison Apartment Group, the multifamily operating arm of Philadelphia-based BPG Properties, Ltd., recently broke ground on an apartment community called Madison New Britain and located in Chalfont, PA, in the heart of historic Bucks County. Madison New Britain is the first multifamily rental community to…

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First Affordable Housing for Gay Seniors to Break Ground Next Month

First Affordable Housing for Gay Seniors to Break Ground Next Month

By Veronica Grecu, Associate Editor A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. According to The Philadelphia Gay News, the $12 million low-income tax credits were purchased by Wells Fargo Bank, while the…

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Chestnut Hill Tower Changes Hands for $16.75 M; JV Announces Upscale Multifamily Project in Plymouth Meeting

Chestnut Hill Tower Changes Hands for $16.75 M; JV Announces Upscale Multifamily Project in Plymouth Meeting

By Veronica Grecu, Associate Editor Gebroe-Hammer Associates, a private real estate investment firm based in Livingston, NJ, has closed the sale of an 18-story residential building located at 7600 Stenton Avenue, in the upscale Chestnut Hill neighborhood. The seller, an undisclosed out-of-state private owner, and the buyer, a Gebroe-Hammer client…

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Developer Reveals Tentative Redevelopment Plan for Vacant Ajax Metal Works Site

Developer Reveals Tentative Redevelopment Plan for Vacant Ajax Metal Works Site

By Veronica Grecu, Associate Editor Philadelphia’s waterfront has attracted yet another prominent developer with plans to stir things up in the area. Michael Samschick, who has backed several development projects across the city, wants to turn the vacant Ajax Metal Works site into a sparkling mixed-use complex, according to a…

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Two New Mixed-Use Developments Proposed for the Delaware River Waterfront

Two New Mixed-Use Developments Proposed for the Delaware River Waterfront

By Veronica Grecu, Associate Editor The Philadelphia City Planning Commission received a proposal calling for a four-tower residential and retail complex at the former World Trade Center site, according to PlanPhilly.com. Reportedly, one of the towers would rise 426 feet, two of them would climb 227 feet, and the smallest…

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University City Science Center Announces New $15 Million Mixed-Use Tower

University City Science Center Announces New $15 Million Mixed-Use Tower

By Veronica Grecu, Associate Editor In less than one month the University City Science Center (UCSC) will break ground on a new mixed-use tower located at the corner of 38th and Market Streets in West Philadelphia. A $15 million joint venture between the University City Science Center and Wexford Science…

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