Operations - Philadelphia
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AQ Rittenhouse Apartment High-Rise Sells for $51.1M
An out-of-state investor has recently expanded its presence in Philadelphia with the acquisition of an apartment building in the city’s downtown. The property changed hands for $51.1 million.
31 August 2015 13:04 -
European Fashion Retailer Signs Long-Term Lease for 677,000 Sq. Ft. Lehigh Valley Warehouse
Primark, a European fashion retailer looking to expand overseas, has officially entered the US market by leasing a 40-acre site in Pennsylvania’s Lehigh Valley industrial market to support its east coast operations.
18 January 2015 21:45 -
Keystone NAP Reinvents Former Fairless Works Steel Mill into Advanced Data Center
Once a buzzing steel mill that employed thousands of people, the former Fairless Works located on the bank of the Delaware River in Bucks County will be replaced by an advanced data center that is expected to cater to the technology needs of the Northeast’s growing business environment.
21 November 2014 19:45 -
Construction Starts at Panda Power Funds’ Second 829-MW Power Plant in Pennsylvania
Local and state officials last week joined Dallas-based private equity firm Panda Power Funds and representatives of Gemma Power Systems and Siemens Energy, Inc. to celebrate the official start of construction at the 829-megawatt Patriot Generating Station located near Williamsport, the largest city in Lycoming County.
13 August 2014 16:16 -
PREIT, Macerich $107 Million Investment to Redevelop The Gallery
The Gallery at Market East, one of Philadelphia’s largest urban malls that is located in the heart of the city, is about to get a major makeover. Pennsylvania Real Estate Investment Trust (PREIT), which owns the 1.4 million-square-foot property, announced this week a joint venture with Macerich to revamp the bleak mall into the city’s only multi-use property that will offer accessible luxury retailing in the Center City area.
30 July 2014 19:00 -
vXchnge to Open New Data Center at 1500 Spring Garden Street
With Philadelphia being one of the densest cities in the US according to official data, the demand for data centers and interconnection services is on the rise as well. As a result, many data center-oriented companies are choosing Philadelphia in an attempt to meet the growing demand of for colocation facilities.
16 July 2014 18:42 -
94-Unit Residential Building to Rise on Empty Lot at 810 Arch Street
With the grand opening of the JBJ Soul Homes not too far in the past, a new affordable housing complex backed by Project H.O.M.E. is set to break ground this September.
09 July 2014 21:31 -
Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant
Four communities that are part of the “Choice Neighborhoods Initiative” kicked off July on a strong note. The U.S. Department of Housing and Urban Development (HUD) announced this week that it has awarded a combined $119.7 million to redevelop severely-distressed neighborhoods in Columbus, OH, Norwalk, CT, and Pittsburgh and Philadelphia in Pennsylvania.
02 July 2014 20:24 -
Bon Jovi’s JBJ Soul Homes Project Officially Opens in Philadelphia, Receives ULI Award for Excellence
JBJ Soul Homes, one of the most advertised housing projects in Philadelphia celebrated its grand opening earlier this spring. Located on a 0.5-acre triangular block in the neighborhood of Francisville, the complex was backed by musician Jon Bon Jovi’s Project H.O.M.E. program that offers subsidized supportive housing for low-income and formerly homeless individuals and families.
28 June 2014 13:55 -
Taller Puertorriqueño to Build New HQ Facility ‘El Corazón Cultural Center’
Taller Puertorriqueño, a community-based multidisciplinary arts group that has been supporting the Latino and Puerto Rican culture in the Philadelphia region for almost four decades, is looking to expand in a new headquarters facility in the Fairhill neighborhood of eastern-north Philadelphia.
06 June 2014 14:00 -
Failed Marina View Project on Columbus Blvd. Comes Back to Life as 250-Unit Residential Building
PMC Property Group plans to revitalize 230 N. Christopher Columbus Boulevard, one of the many vacant parcels near the Benjamin Franklin Bridge in Philadelphia’s Penn’s Landing District
22 May 2014 16:06 -
Liberty/Synterra JV Breaks Ground on 75,000 Sq. Ft. Building at the Navy Yard Commerce Center
Activity is buzzing at the old Philadelphia Navy Yard as the business campus keeps on adding new office buildings to accommodate the growing list of companies that are rapidly joining the site’s tenant roster.
30 April 2014 16:09 -
110 Luxury Apartments Under Construction at 2021 Chestnut Street
By Veronica Grecu, Associate Editor The wave of residential projects that hit the vibrant Center City neighborhood of Philadelphia continues with yet another upscale development at 2021 Chestnut Street near Rittenhouse Square. In less than one week Aquinas Realty Partners is set to officially break ground on AQ Rittenhouse, a high-rise luxury apartment building designed [...]
08 April 2014 13:19 -
Philadelphia Advances Strategic Plan to Create 1,500 New Low-Income Apartments
A new housing plan that is expected to create more affordable units in gentrifying neighborhoods throughout Philadelphia was announced recently by the City Council.
31 March 2014 18:53 -
Penn’s South Bank Master Plan To Include 200,000 Sq. Ft. Innovation Center
The University of Pennsylvania (Penn) revealed plans for a research park anchored by a new innovation center that will be built on the former DuPont Marchall Research Laboratories site, a large industrial property along the Schuylkill River that will house the planned South bank campus.
10 March 2014 15:41