Here's what we're reading this week about the projects, people and policies driving local development:
Axios reports that Philadelphia’s office vacancy rate is lower than the average office vacancy rate nationally
🔗 Office building vacancies in Philadelphia better than national average - Axios Philadelphia
by Mike D'Onofrio, Isaac Avilucea, Jan 24, 2024
With addressing the drug markets in Kensington at the top of Mayor Parker’s first actions, NBC10 asked Kensington residents their reactions to the new mayor’s first announcements about addressing their neighborhood’s problems
🔗 Kensington residents react to Mayor Parker’s plan for community – NBC10 Philadelphia
by Hayden Mitman and Miguel Martinez-Valle, Updated Jan 4, 2024
The Philadelphia Business Journal asks three local residential real estate leaders for their predictions of the residential sales market in 2024
🔗 Philadelphia housing market experts 'cautiously optimistic' on 2024 - Philadelphia Business Journal
by Ryan Mulligan – Reporter, Philadelphia Business Journal, Jan 8, 2024
The Philadelphia Business Journal highlights a unique boutique office building for sale in Center City at 1760 Market Street, constructed in 1981 with floor plates under 10,000 SF per floor, making it flexible for residential conversion or lease to smaller commercial tenants who could have exclusive use of a single floor
🔗 1760 Market St. in Philadelphia listed for sale - Philadelphia Business Journal
by Paul Schwedelson – Reporter, Philadelphia Business Journal, Jan 25, 2024
WHYY examines Philadelphia’s plans to power a significant amount of energy in public buildings from solar farms located in upstate Pennsylvania
🔗 Philadelphia to power up to 25% of its buildings with solar energy from Adams County
by Susan Phillips, Dec 30, 2023
Bisnow looks at the rapid increase year to year in the number of new housing units being created nationally through conversion of existing office buildings, and that the median age of the buildings is creeping steadily younger, though still over 70 years old
🔗 Office-To-Apartment Conversions In Major Cities Quadruple In 4 Years
by Maddy McCarty, Jan 22, 2024
The Inquirer shows the updated rendering for Pearl Properties proposed residential tower on Jewelers Row
🔗 Updated plans released for Jewelers Row apartment tower
by Jake Blumgart, Jan 23, 2024
Axios Philadelphia reports on the opening of the first newly constructed public elementary school in North Philadelphia in 70 years
🔗 Newly built school opens in North Philadelphia - Axios Philadelphia
by Mike D'Onofrio, Jan 3, 2024
Philadelphia YIMBY shows renderings of the nearly completed Amy Guttman Hall at the University of Pennsylvania, built upon a lot that has been a parking lot that was slated for new construction for over three decades
by Vitali Ogorodnikov, Dec 31, 2023
CoStar reports on the largest commercial lease signed in the Philadelphia region in over a decade, a renewal of 800,000 SF in Collegeville by DOW
🔗 CoStar News - Dow Signs What May Be Philadelphia Market’s Largest Office Lease in More Than a Decade
by Mark Heschmeyer, Jan 16, 2024
Condo development is active in North Miami, included a proposed redevelopment of the collapsed Surfside site and a mixed-use development that includes a synagogue on site
🔗 Evacuated Surfside Condos Slated To Be Replaced With 10-Story Luxury Project
by Matt Wasielewski, South Florida, Jan 19, 2024
Bisnow reports on a 55-year-old, 44 story office tower in downtown Atlanta that is getting converted to 220 units of affordable rental housing
by Jarred Schenke, Atlanta, Jan 18, 2024
Bisnow reports on the first steps Texas is taking towards resiliency of its infrastructure in light of changing climate conditions, as it allows connection between the state’s internal power grid and adjacent state power grids
🔗 Texas Moves To Link Its Power Grid To Other States After Heavy Property Losses 3 Years Ago
by Maddy McCarty, Houston, Jan 3, 2024