Carlino Development Group of West Conshohocken is buying 213 acres in Marple Township owned by the Archdiocese of Philadelphia. In partnership with Brian McElwee, president of Valley Forge Investment Corp., the developer plans to build offices, retail, and restaurants, in addition to designating dozens of acres as open land.
According to an analysis by Drexel University economist Kevin Gillen, Philadelphia's suburban counties in both Pennsylvania and New Jersey have either a "healthy" supply of homes on the market - or an overabundance.
Due to a misunderstanding of the rules that govern how the Historical Commission votes, it turns out the Christian Street Baptist Church did not earn historic protection. Developer Ori Feibush plans to replace it with townhouses.
According to a study released by Zillow this year, less than a quarter of U.S. homeowners are minorities. That low number, experts say, is the result of discriminatory lending practices, financial hurdles, and troublesome market conditions.
Drexel economist Kevin Gillen's third quarter housing report reveals some interesting trends about the way the Philadelphia housing market is changing. Between million-dollar home sales sprouting in West Philadelphia and the Northeast, and with home values increasing in neighborhoods such as Bridesburg and Port Richmond, it's clear that the city's prosperity is expanding beyond Center City.
Caitlin McCabe covers Real Estate for the Inquirer.