Real Estate
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Yolanda Hadid’s New Hope Estate Back on Market After Offer Falls Through
Just days after Yolanda Hadid revealed that her New Hope farmhouse was under offer, the $11 million estate has returned to the market, writes Charlie Lankston for Realtor.com. The listing for the 32-acre property was updated on Oct. 8 to reflect an offer that had been made. The property remained active while the details of…
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Mayor Parker Launches New Task Force to Revitalize, Renew Struggling Market East Corridor
Mayor Cherelle Parker and her administration have announced the formation of the Market East Advisory Group, tasked with renewing Market East, write Joe Brandt and Natasha Brown for CBS News Philadelphia. The new task force is a partnership between Comcast, the Philadelphia 76ers, the Fashion District’s owner Macerich, Brandywine Realty Trust, Thomas Jefferson University, Visit…
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Ten Penn Center Sold in $30M Deal, Conversion Project to Follow
The sale of Ten Penn Center is now complete, closing a $30 million deal, writes Paul Schwedelson for the Philadelphia Business Journal. PMC Property Group acquired the 27-story, Center City building from a partnership between two firms, Sterling Equities in New York and Greenville Partners based in West Chester. This sale close comes more than…
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Doylestown Mill-Turned-Home Heads to Auction After Two Years on the Market
Shelly Mill, once an active Doylestown mill now restored into an expansive private residence, is set to go to auction two years after it first hit the market, writes Ryan Mulligan for the Philadelphia Business Journal. The 9,500-square-foot property was initially listed in September 2023 for just under $4 million, but this has since dropped…
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Meridian Bank House of the Week: $3.9M Charming Traditional in Doylestown
A traditional home on a 0.68-acre lot with four bedrooms and three full and two half bathrooms is available for sale in Doylestown. This exquisite residence exudes refined sophistication and timeless charm, with a harmonious blend of architectural elegance and thoughtful design throughout. Impeccable details include wide oak floors, vaulted ceilings and intricate woodwork. .…
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Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
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Affordable Senior Housing Project Breaks Ground In Ardmore
Construction has started on Ardmore House II, an affordable housing project designed to help seniors stay in one of Montgomery County’s most expensive towns, writes Kim Hudson for CBS News Philadelphia. HumanGood, a national nonprofit group, is building the 48-unit building, similar to the one that it already operates in Philadelphia, the Janney Apartments in…
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Meridian Bank House of the Week: $3.2M Breathtaking Colonial in Newtown
A colonial home on 4.94 acres with five bedrooms and five and a half bathrooms is available for sale in Newtown. This stunning residence offers a perfect blend of sophistication and comfort, designed to impress at every turn. . . Highlights include a private first-floor home office with serene views and a bright sunroom with…
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South Jersey Firm Buys Willow Grove’s North Crossing Apartments
A South Jersey company is investing big in Willow Grove’s rental market, writes Ryan Mulligan for the Philadelphia Business Journal. Gibbsboro-based Friedman Realty Group has purchased North Crossing Apartments for $27.6 million, with plans to pour several million more into upgrades. Moreland Hall has owned the 145-unit complex at 3625 Welsh Road for 55 years.…
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Abrams Realty’s Plan for Exton Square Redevelopment Rejected
Abrams Realty & Development plans to file a lawsuit following the West Whiteland Township Board of Supervisors’ rejection of its master plan to redevelop the Exton Square Mall, writes Noah Zucker for BISNOW. “For political reasons, it looks like these guys didn’t want to approve us,” said developer Peter Abrams. “My partners and I view this…
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Affordable Senior Living Community, Named After Late Chairman of Firstrust Bank, Opens in Trevose
State and local officials recently joined community supporters to celebrate the opening of Federation Housing’s newest senior living community, the Daniel B. Green House. The 60-unit community in Trevose will help address the Philadelphia region’s growing demand for affordable housing for older adults. Dedicated to providing housing for individuals who meet low-income housing requirements, the community will allow…
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Toll Brothers Plans Massive Age-Restricted Community on 100 Exton Acres
Toll Brothers has paid $70 million for a 100-acre site in Exton, where it plans to construct its largest age-restricted residential development in the Philadelphia area, writes Ryan Mulligan for the Philadelphia Business Journal. The luxury homebuilder, based in Fort Washington, acquired the parcel at 301-305 Church Farm Lane. The planned project will have 317…
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Developer Withdraws Plans For Controversial Warehouse In Buckingham
Developer J.G. Petrucci will permanently withdraw plans for a warehouse at the site bordering Cold Spring Creamery Road in Buckingham Township under a stipulation agreement, writes Jeff Werner for the Patch. “The stipulation, once fully executed and approved by the Bucks County Court, will end all litigation and permanently withdraw the warehouse application with prejudice,”…
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This Philadelphia Program Has Helped 1,000 Local Homeowners Complete Their Wills
The Will Power Program was launched in 2022 to provide free real estate planning to Philadelphia’s low-income homeowners. Three years later and the program has just helped its 1,000th Philadelphia homeowner with their will and other related legal documents, writes Aaron Moselle for WHYY. Debby Freedman, executive director of Community Legal Services, spoke on the…
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Doylestown Council Green Lights New 47-Room Boutique Hotel
During a recent meeting, the Doylestown Borough Council approved both preliminary and final land development plans for a 47-room boutique hotel at 57 West Court Street, writes Jeff Werner for the Patch. The hotel will be constructed at the site of the former Doylestown Borough Hall and police station. Along with the guest rooms, the…
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Meridian Bank House of the Week: $5.5M Gorgeous Waterfront Colonial in New Hope
A waterfront colonial home on 0.29 acres with four bedrooms and four bathrooms is available for sale in New Hope. This exceptional residence blends timeless craftsmanship with contemporary elegance and the serenity of riverfront living. . . Designed for those who value luxury and comfort, it offers refined interiors, beautiful architectural details and seamless flow…
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Developer Plans $50M Five-Story Mixed-Use Project in Conshohocken
Buccini Pollin Group is planning to build a $50 million, five-story mixed-use development near Conshohocken transit hub, adding apartments and retail to the area, writes Ryan Mulligan for the Philadelphia Business Journal. The proposed development would feature 115 apartments and 5,400 square feet of retail space, replacing part of the parking lot that now serves…
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Archdiocese of Philadelphia to Relocate from Headquarters After More Than 50 Years
The Archdiocese of Philadelphia will be moving from its headquarters of more than a half-century early next year, writes Paul Schwedelson for the Philadelphia Business Journal. The Archdiocese just recently signed a new long-term lease for 80,000 square feet at the Three Parkway building in Philadelphia. The new location is just a block away from…
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