Real Estate
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Here’s What $2 Million Buys These Days in Main Line Real Estate
For those who can afford it, $2 million on the Main Line can give you a nice property with some unique luxury items, writes Ryan Mulligan for Philadelphia Business Journal. Take this $2 million home on Winding Way in Merion Station, for example. This 5,547 square-foot home has six bedrooms and six baths. The mid-20th…
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Haverford Garden Part of Book on Private Gardens of Philadelphia
Sometimes your neighbors can have the most beautiful garden settings that rival even a public garden. Such is the case with the garden of Frank and Reggie Thomas of Haverford. The 55-year couple have been growing a sanctuary in their backyard for almost 40 years. Now their garden is showcased in a new book by…
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New High-end Residential Project Likely Replacing Two Center City Buildings
Two buildings on Chestnut Street owned by the Philadelphia Federation of Teachers and the former site of Freeman’s auction will likely be the site of a new residential project, writes Jake Blumgart for The Philadelphia Inquirer. The plan calls for a high-end condo-and-rental building with fewer than 100 units. The Philadelphia Federation of Teachers recently…
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Pat Burrell’s Former Center City Penthouse Sells For Well-Under Original Asking Price, Two Years Later
The Center City penthouse that former Philadelphia Phillies star Pat Burrell previously owned has been sold to a local Philadelphia couple for $2.65 million. It sold for about 38 percent less than the original asking price of nearly $4.3 million, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale brings an end to…
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First Bank House of the Week: Classically-Decorated Stone Traditional in Blue Bell
A classic stone traditional home on 2.3 acres with eight bedrooms and five full and two half bathrooms is available for sale in Blue Bell. . . This gorgeous residence perfectly blends historical elegance and modern luxuries. Perfectly nestled within 106 acres of preserved woodlands and scenic trails, the home has recently been fully restored.…
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Rapidly Growing Warehouse Space Reshaping Jobs, Traffic, and Landscapes in Philadelphia Region
In the last four years, the demand for warehouse space has resulted in 55 million square feet of related industrial real estate being added in the Philadelphia area, write Frank Kummer, Kevin Riordan, Jake Blumgart, Joseph N. DiStefano, and Erin McCarthy for The Philadelphia Inquirer. The nine-county Philadelphia region now has 188 warehouses bigger than…
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Chestnut Hill Could Be Getting a Conservation District
An effort is currently underway to create a neighborhood conservation district around East Mermaid Lane in Chestnut Hill that is likely to be passed by City Council in June, writes Jake Blumgart for The Philadelphia Inquirer. The bill would result in a zoning overlay that would govern all new construction and remodeling in that part…
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Sprawling 32-Acre Gladwyne Mansion Hits Market for $12.9 Million
A sprawling Gladwyne estate built in 2011 for Andrew Barroway, a former owner of the NHL’s Arizona Coyotes and managing partner at Merion Investment Management, has hit the market once again for $12.925 million, at 100 Maple Hill Rd., writes Ryan Mulligan for the Philadelphia Business Journal. The property last traded hands less than two…
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Lovely White Brick Colonial in Elkins Park Hits Market
When Chip and Courtney Hardie first saw the white brick colonial home in Elkins Park ten years ago, they knew it was the place they wanted to raise a family, even though it needed some work, writes Paul Jablow for The Philadelphia Inquirer. They made many improvements to the four-bedroom, three-and-a-half-bathroom home over the next…
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Horsham Hotel Put Up for Auction; Starting Bid Is $1.4M
The TownePlace Suites Philadelphia Horsham is headed to auction, writes Emma Dooling for the Philadelphia Business Journal. The 94-key hotel was put up for auction earlier this month with a starting bid of $1.4 million. Online bidding will take place on Crexi, a digital real estate platform, starting June 24. The property is currently owned…
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Toll Brothers’ Strategy Shift to Speculative Builds Drives Another Quarter of Record Sales Revenue
Toll Brothers’ strategy shift toward more speculative builds due to a tight resale market has paid off for the Fort Washington homebuilder, writes Paul Schwedelson for the Philadelphia Business Journal. During the second fiscal quarter that ended April 30, more than half of contracted Toll Brothers homes were speculative builds, or homes sold after the…
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First Bank House of the Week: Magnificent Colonial in Royersford
A magnificent colonial home on 0.45 acres with four bedrooms and three and a half bathrooms is available for sale in Royersford. . . This stunning residence offers the perfect blend of elegance and functionality with custom finishes throughout. Many gorgeous details are inside the home, such as hardwood floors, custom millwork and trim, and…
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A Cheltenham Cottage Has Because a Dream Home Thanks to Some Carefully Curated Antiques
A Montgomery County home in Cheltenham built in 1868 features historic objects found at vintage shows and flea markets, making it a dream home, writes Sally A. Downey for The Philadelphia Inquirer. When owner Barbara Kotzin bought the home in 1973, she replaced the asbestos siding with white aluminum siding, installed missing second-floor shutters, and…
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Large Phoenixville Apartment Complex Sells to New York Firm for $90 Million
A large Phoenixville apartment complex has been sold to an entity connected with New York financial services firm Cantor Fitzgerald for $90.3 million, writes Paul Schwedelson for the Philadelphia Business Journal. The seller of the 349-unit Riverworks complex was Pantzer Properties. The development is set on 30 acres located on the north side of French…
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First Bank House of the Week: Stunning Tunnel Farm with Stone-Front Colonial in Lower Gwynedd
A beautiful stone-front colonial on 23.99 gorgeous acres with four bedrooms and four full and three half bathrooms is available for sale in Lower Gwynedd. Tunnel Farm is a stunning estate surrounded by permanently preserved Natural Lands Trust Gwynedd Wildlife Preserve. . . In addition to multiple residences, the property has a beautiful pond, arboretum,…
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Philadelphia Metro Ranks in Middle Among Best Places for Home Buyers
Philadelphia metro ranked in the middle of the pack among the best places for home buyers in Zillow’s new market heat index. Zillow’s new market heat index represents buyers’ urgency or sellers’ confidence in an area. It considers the share of homes that sell quickly, the share of homes that get a price cut, and…
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New Owners of Bala Plaza Office Campus Considering Seven New Development on Property
The new owners of Bala Plaza, New York’s Adjmi family and New Jersey-based FLD Group, have big redevelopment plans for the Bala Cynwyd office campus, writes Paul Schwedelson for the Philadelphia Business Journal. The plans include seven new developments on the property, including a hotel, apartment buildings, and a retail center. The new owners acquired…
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Pilot Program Helps Philadelphians Become First-Time Homeowners, Pay Off Student Debt
Since October, the Pennsylvania Housing Finance Agency has been testing the waters of a grant and loan program that helps aspiring homeowners with down payments and closing costs. However, the Revitalizing Neighborhoods and Increasing Homeownership pilot program sets itself apart by also helping with student loans, writes Michaelle Bond for The Philadelphia Inquirer. For people…
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