What We're Reading: Week of November 8, 2021


What We're Reading

Here's what we're reading this week about the projects, people and policies driving local development:


Philadelphia Business Journal: The massive former refinery site in Southwest Philadelphia that was purchased by Hilco is being officially rebranded as “The Bellweather District”

by Ryan Mulligan, October 25, 2021


Philadelphia Business Journal: As One uCity Square tops off, Wexford Science & Technology is already looking forward to the next life sciences project at the Science Center

by Natalie Kostelni, October 26, 2021


Philadelphia Business Journal: With large undeveloped areas, the Bala Cynwyd office center, just across City Ave, has plans to add over 2 million square feet of new office space as well as new residential rental units, retail and a hotel

by Natalie Kostelni, November 1, 2021


Philadelphia Business Journal: Two large, high amenity new apartment developments are breaking ground in the suburbs, one a rare high rise with steel frame, unlike the typical wood-framed on a podium model being built throughout the region

by Natalie Kostelni, November 2, 2021


Philadelphia Business Journal: Two large open air shopping centers in Northeast Philadelphia sold at notable prices

by Natalie Kostelni, November 11, 2021


Penn Capital-Star: The US Treasury is receiving updated rental assistance plans from states as it evaluates how to reallocate unused funds from ineffective programs to locations that have effectively gotten funds to renters impacted by covid; Philadelphia has had one of the most effective programs in the country, disbursing over 90% of the funds it received

by Laura Olson, November 14, 2021


Urbanland: JP Morgan Chase is dedicating $13 billion in lending and equity investment to closing the racial wealth gap, largely through LIHTC and NMTC projects and funds invested in CDFI’s

by ULI Staff, October 29, 2021


Plan Philly: After a contentious public hearing with strong opposition, City Council’s Rules Committee approved a bill rezoning a single, privately owned large parcel on the edge of the life sciences center

by Aaron Moselle, October 26, 2021


Next City: A bill introduced in the District of Columbia City Council would pay landlords directly to set aside units for tenants earning under 50% of the area median income, in an effort to expand the number of affordable rental units among existing housing stock

by Jared Brey, June 4, 2021


Philadelphia Business Journal: The pandemic has spawned a wave of urban concept high end restaurants opening in nearby suburban locations

by Laura Smythe, November 11, 2021