Real Estate
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Philadelphia’s Largest Office Property to Go Up For Sale, Conversion Likely to Follow
Centre Square, the largest office property in Philadelphia, will soon go up for sale two years after it was foreclosed, writes Noah Zucker for BisNow. After the building at 1500 Market Street was foreclosed in the aftermath of the crowdfunding scandal involving Nightingale Properties CEO Elie Schwartz, CBRE became the court-appointed owner. According to Green…
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Meridian Bank House of the Week: $5.95M Attractive Cape Cod Home in New Hope
An attractive Cape Cod home on 12.16 acres with six bedrooms and six and a half bathrooms is available for sale in New Hope. This refined residence offers a secluded retreat surrounded by rolling meadows and woodlands. Elegant details include stunning new floors, unique light fixtures, hand-painted orchid walls and reclaimed wood beams. . .…
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Upper Darby School District Closes on Shuttered Hospital Purchase
The Upper Darby School District closed a deal Friday with Prospect Medical Holdings to purchase the former Delaware County Memorial Hospital and two other structures on the Drexel Hill property for $600,000, writes John George for the Philadelphia Business Journal. The Crozer Health hospital has been closed since November 2022. Prospect Medical, owner of Crozer…
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Philadelphia Region Is Prime Market for Mansions
The Philadelphia region ranks among the top markets in the country for mansions, with 32,400 properties located throughout the area, according to a new analysis by Zillow, writes Michaelle Bond for The Philadelphia Inquirer. Zillow defines mansions as homes that have 5,000 square feet or more of finished living space. In the region, the median…
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Hankin Group to Add 373 New Apartments in Chester County Following Strong Demand
Amid strong rental demand, the Hankin Group is adding 373 new apartments to three existing projects in Chester County by the end of next year, writes Ryan Mulligan for the Philadelphia Business Journal. The developer is now executing phase two of its Downingtown and Exton projects, representing a more than $150 million investment. Exton-based Hankin…
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Union League to Add Sleek New Ballroom at Liberty Hill in Lafayette Hill
The Union League of Philadelphia is planning a major addition to its Liberty Hill golf course in Lafayette Hill, writes Ryan Mulligan for the Philadelphia Business Journal. The new Liberty Ballroom will feature floor-to-ceiling windows, two levels of event space, and room for up to 450 guests. Designed for weddings, galas, and corporate events, it…
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New York Developer Acquires Vacant Rittenhouse Square Apartment Tower for $7.7 Million
The long-vacant, 17-story apartment tower at the corner of 16th and Spruce streets was recently acquired by New York-based developer, Zoria Housing, write Jake Blumgart and Ryan W. Briggs for The Philadelphia Inquirer. Years ago, Main Line-based real estate investor Dovid Daniel had a failed redevelopment project for the building, leaving it vacant ever since.…
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Meridian Bank House of the Week: Charming Bedminster Estate with Luxury Upgrades for $4M
Listed at $4,125,000, this Bedminster Township estate blends Bucks County history with modern sophistication. . . Set on 12.7 private acres, the property centers on a restored c.1840 brick Colonial farmhouse paired with a c.1763 settler’s cottage. Once part of an original William Allen land grant, it has been reimagined to integrate high-end finishes and…
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Cheap Rents Disappearing Throughout Pennsylvania As Luxury Rentals Rise
Cheap rents are becoming increasingly scarce in Pennsylvania while the number of luxury rentals continues to rapidly rise, write Mike D’Onofrio and Sami Sparber for AXIOS. This is a growing affordability issue in a state where buying a home is impossible for many due to the high prices and rising mortgage rates. Pennsylvania has recorded…
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4 Bucks County Towns on List of Most Expensive Pennsylvania Homes
Bucks County is home to four towns that rank among the most expensive places for homes in Pennsylvania, according to a new report by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of January 2025. New Hope is highest…
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Conshohocken’s Idle Steel Mill Property Draws a Bidding War for ‘Generational’ Opportunity
Cleveland-Cliffs, Conshohocken’s former steel mill, is up for grabs and drawing a lot of attention, writes Paul Schwedelson for Philadelphia Business Journal. The riverfront property has tapped real estate brokerage Binswanger to sell the idled 66-acre plant tucked between I-76 and the Blue Route. Though currently zoned for industrial use, the site could transform into…
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Destroyed Levittown Lanes Bowling Alley Set to Become Apartment Building
Levittown Lanes, a family-run bowling alley destroyed three years ago in a three-alarm fire, is now set to become an apartment complex, writes JD Mullane for the Bucks County Courier Times. Falls Township supervisors gave the green light for a three-story, 24-unit apartment complex to be constructed at 8815 New Falls Road. The one- and…
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Comfortable Living Becomes a Dream as Bucks County Rents Skyrocket
In Bucks County, renters must earn $34.65 an hour to comfortably afford a two-bedroom apartment, more than double the average renter’s wage of $16.53 an hour, writes Chris Ullery for the Bucks County Courier Times. The 2025 Out of Reach Report by the National Low Income Housing Coalition uses data from the U.S. Census Bureau,…
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Meridian Bank House of the Week: $4.25M Stunning Stone Manor in New Hope
A stunning manor home on 10.93 acres with eight bedrooms and nine and a half bathrooms is available for sale in New Hope. This exquisite residence offers a blend of historic charm and modern sophistication. Refined details include crystal chandeliers, built-in shelving and skylights. . . Among the highlights on the first floor are a…
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7 Philly Area Housing Trends You Should Consider If You’re Thinking of Buying or Selling a Home this Summer
Philadelphia’s housing market has been doing a slow shuffle for the past year, never quite stalling, never quite sprinting. But as we hit the heart of summer 2025, the tempo is changing. According to Realtor.com’s Jake Kimmel’s summary of the latest July housing data, there are seven key trends shaping what buyers, sellers, and renters…
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Incredible West Chester Home with Indoor Pool, Custom Treehouse Up for $3.4 Million
A beautiful West Chester home with an indoor pool and a custom tree house sitting on 12 acres is available for sale for $3.495 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built in 1985, this five-bedroom, five-bathroom home spans 7,248 square feet, with the two-story indoor pool featuring a glass overlook from the…
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Plans for Doylestown Townhomes Include Victorian-Era Home Preservation
Newtown-based Triumph Building Group proposed constructing townhomes on a nearly four-acre site in Doylestown Township, incorporating the preservation of an 1880 Victorian home into the design, writes Lacey Latch for the Bucks County Courier Times. During a presentation of preliminary sketch plans to the township’s planning commission, the builders said the historic structure would be…
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Bristol Township Council Approves Plan to Build $500K Homes in Croydon
The Bristol Township Council has approved the plan to build seven houses at 1020 Anne Street in Croydon, allowing the project to proceed to the construction phase, writes JD Mullane for the Bucks County Courier Times. A Levittown builder will develop single-family, four-bedroom, three-bath houses spanning 1,800 square feet and priced around $495,000, a range…
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