Residents of the Lofts at 509 Vine apartments in Old City are to be replaced with business travelers and tourists, as the property becomes the latest in Philadelphia to fall under the control of a new breed of tech-enabled start-ups that are converting residential real estate into visitor accommodations. Renters at the 44-unit building have …
Old City apartments to make way for Philly visitorsRead More
Developers have their eye on the historic Ardmore Theater. The latest proposal received by Lower Merion Township has developers wanting to demolish the back portion of the building and construct a seven-story, 18-unit complex, said Christopher Leswing, director of the township building and planning department. The developer proposes keeping the theater’s façade on the Lancaster …
The Lower Merion Building and Planning Committee recently gave tentative sketch approval for a new mixed-use building proposed for Suburban Square. A tentative sketch plan allows the developer to lay out the general idea of a project. The project first went before the planners in May 2017 and generated concern over the size of the …
Lower Merion planners approve tentative sketch plan for Suburban SquareRead More
After some wrangling, the Radnor Board of Commissioners approved a new 25-year lease with the Willows Park Preserve (WPP), a nonprofit group that plans to renovate the more than 100-year-old mansion in the park. There is a non-disturbance clause that construction will not bother neighboring residents from 9 p.m. to 7 a.m. The group is …
Radnor approves new 25-year lease with Willows Park PreserveRead More
The U.S. Federal Reserve on July 31 announced it would cut interest rates by 25 basis points, the first such cut since the Great Recession in 2008. Real estate economists are split on the immediate impact it will have on mortgage rates and the housing market. Lawrence Yun, chief economist at the National Association of Realtors, believes …
What the Fed’s interest rate cut means for the housing marketRead More
