Multifamily news in Philadelphia
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The Design Files: Embodying the Community Spirit
Architects are taking design to the next level by using input from the community to add more meaning to shapes. The Tangram development in Queens, N.Y., is an ode to Flushing, while residents at One Riverside in Philadelphia dictated the final layout of the condominium.
07 August 2018 10:46 -
Next Step in Condo Design: Flexibility
The 22-story One Riverside in Philadelphia is a modern residential property not just because of its design and high-tech amenities but also because it caters to its residents' unusual needs. Buyers could create their dream home by combining several units to accommodate their lifestyles.
07 August 2018 09:46 -
Southern Land Sells 28-Story Tower in Downtown Philly
The 3601 Market luxury tower, which opened its doors in 2016, is LEED Silver certified. The community also features 13,600 square feet of retail and restaurant space.
01 August 2018 14:11 -
Broadtree Acquires $138M Portfolio
The company purchased 1901 S. Charles and 2 E. Wells in Baltimore, as well as The Overlook in Camp Hill, Pa. After closing, Broadtree now has a property base of nearly $350 million.
31 July 2018 18:22 -
PA Community Changes Hands for $12M
The transaction is representative of the strong demand for multifamily assets in the Harrisburg-Carlisle MSA, a growing alternative market, according to Rittenhouse Realty Advisors.
23 July 2018 15:28 -
HFF Secures Loan for 71-Building Student Housing Portfolio
The $20 million in financing was used to purchase the buildings, which include 383 beds serving students attending Lehigh University in Bethlehem, Pa.
11 July 2018 14:15 -
Philadelphia’s 10 Largest Communities Under Development
From Center City to the suburbs, developers find rising demand for live-work-play environments. Luxury high-rises, student housing and creative redevelopments lead the list.
05 June 2018 07:43 -
Stepped-Up Development Takes a Toll in Philadelphia
Echoing a trend that marks some other major metros in 2018, the pace of construction has caught up with demand. That, in turn, is keeping rent growth at modest levels.
30 May 2018 15:49 -
Rittenhouse Realty Advisors Arranges Sale of Student Housing in Philadelphia
Located at 516 S. 42nd St., the community comprises 25 units and 74 bedrooms. Amenities include hardwood flooring and on-site laundry facilities.
24 May 2018 13:38 -
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
18 May 2018 17:38 -
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week's listings are a century-old Manhattan property, a brand-new community near Philadelphia's Center City, and more.
11 May 2018 15:46 -
Asset Campus to Manage PA Student Housing
The 345-unit pet-friendly community evo at Cira Center South serves the University City Philadelphia.
08 May 2018 15:59 -
Rittenhouse Realty Sells Again in Philly’s Fishtown
The property, originally constructed in the late 19th century, was transformed into a luxury community and features a ground-floor commercial space currently leased to Fishtown Brewery.
07 May 2018 16:29 -
BET Investments Develops Philly Asset
The property in Media, Pa., includes 162 units and an electric car charging station, a coffee lounge and a game room.
17 April 2018 17:34 -
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
17 April 2018 16:58