The Latest
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Temple University Pays $4M for Historic Building That Housed 2 Former Fraternities
Temple University has paid $3.95 million to purchase 2000 N. Broad St., an historic building on its campus that had been used for years to house a fraternity, the Philadelphia Business Journal reports.
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Urban Outfitters to Move Into Secondhand Apparel Market
Fresh off of record-breaking second quarter results, Urban Outfitters Inc. is forging ahead with a new consignment app that looks to create a marketplace for previously owned products and boost sales for the Philadelphia retailer, reports the Philadelphia Business Journal.
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Nearly 10,000 Apartments Under Construction in Philly, With More Coming
A new housing report by Center City District reveals that an area defined as Greater Center City had 9,400 residential units under construction as of the end of last year, which is a 39% increase compared to the end of 2019.
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Two Topgolf Locations Coming to Philadelphia Region
The development of a new Topgolf in Northeast Philadelphia is expected to begin April 19 and another facility in King of Prussia is anticipated to get underway this summer, reports the Philadelphia Business Journal.
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There Is a $2.5B Plan for Mixed-Use Development at the Philly Navy Yard
A new development team for the Philadelphia Navy Yard has come up with a $2.5 billion plan for the eventual construction of 3,000 residential units and 3 million square feet of office, retail, hotel and makerspace at the South Philadelphia site, the Philadelphia Business Journal reports.
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New Grocery Store Chain Enters Into the Market With Montco Store
Grocery Outlet Bargain Market has opened in East Norriton, becoming the newest supermarket to enter the Philadelphia area and adds to the growing competition throughout the region, the Philadelphia Business Journal reports.
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Amazon Grocery Store Headed to New NoLibs Project, Sources Tell PBJ.com
Amazon.com Inc. has signed a lease for one of its new grocery stores in the Northern Liberties neighborhood of Philadelphia, according to sources familiar with the deal tell the Philadelphia Business Journal. The online retailer has taken 40,000 square feet of 60,000 square feet that is proposed for a new apartment complex at 5th and Spring Garden streets, the sources…
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PennDOT Has a Plan to Use Technology to Ease Congestion on I-76
PennDOT is turning to technology in the next phase of a $125 million, multi-year program to ease congestion along the Schuylkill Expressway, which is in a chronic rush hour no matter the time of day.
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Exposure to Macy's Store Closures in Philly Area Could Be Vast
Pennsylvania Real Estate Investment Trust and Simon Property Group have the most Philadelphia region exposure to a round of closures Macy’s Inc. is planning this year at its namesake Macy’s and Bloomingdale’s department stores.
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Philly Poised for Office Boom Not Seen Since Early '90s
So much new office construction is currently proposed for Philadelphia that it rivals the late 1980s and early 1990s, when an onslaught of office development flooded the market and recast the city’s skyline.
