Redevelopment plans for the historic Bourse building in Old City have been revised. As a result, the previously proposed hotel component is being replaced with apartments. Under updated plans, a portion of the 302,000-square-foot property would be converted into 85 residential units. Previously, a 152-room hotel had been planned for that space. Therefore, the project’s… Read more »
Centre Square is under agreement to be acquired by PMC Property Group and Dean Adler. As a result, a major redevelopment of the Center City office complex is being planned. The 1.76 million-square-foot property sits at 1500 Market Street near City Hall. According to ownership, the distressed asset will be purchased for less than $100… Read more »
After years of uncertainty surrounding the future of the iconic Wanamaker building, TF Cornerstone has officially taken full ownership following a foreclosure auction held Tuesday. The New York-based developer announced plans to convert a significant portion of the building’s office space into residential units as part of a major repositioning effort. With the acquisition, TF… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2315-2319 North Broad Street, Philadelphia, PA 19132. The Philadelphia property is available for sale. The property holds +/- 12,789 square feet on .33 acres, that could be utilized by opportunity zones and… Read more »
A two-story office building in Center City, located at 2042-2048 Arch St. in Logan Square, is now available for purchase, presenting a prime redevelopment opportunity. Positioned between two notable projects, the property spans 17,940 square feet and sits on the southeast corner of 21st and Arch streets. Adjacent to the east, Parkway Corp. is underway… Read more »
