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Philadelphia Real Estate Blog

The Reading Terminal Market draws food lovers from all over the region and beyond and has served as a sociological research "lab." The American Planning Association has recognized its importance in the life of Philadelphia by naming it to its "10 Great Public Spaces" list for 2014.

Shoppers and visitors alike have made the Reading Terminal Market the crossroads of Philadelphia since its 1990s revitalization under Pennsylvania Convention Center Authority ownership. Now the American Planning Association has recognized the market's significance in the life of the city by naming it one of its "10 Great Public Spaces" for 2014.

Reading Terminal Market General Manager Paul Steinke and American Planning Association President William Anderson formally

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By Matty Stringer

It's been the subject of rumors. It's been the keynote in speeches by Mayor MIchael Nutter. But it's all been conjecture. Until now. Construction crews are surrounding the building and beginning the preparations for the eventual transformation of the Provident Mutual Insurance Building at 4601 Market St. in West Philadelphia into Philadelphia Police headquarters.

Signs are plastered all over the site announcing the city's new vision for the future: the transformation of the police force as we know it. For the last 52 years, the Philadelphia Police called the Roundhouse home. Built in 1962 by architect Robert Geddes, many consider it a monstrosity, but Geddes called it a  “curvilinear baroque palace.” From the air, it resembles

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Want to win at the real estate bidding game? Do your homework and make your Realtor your ally and partner and you can.

In the world of buying real estate, you are almost never alone in your desire to obtain a property. Others interested in new places to call home, or great investment opportunities, can see what you see in a given property and may well elbow you out of the way for it. But with a professional Realtor at your side and knowledge in your toolkit, you can be the one doing the elbowing, not the other way around. Here are three strategies for outfoxing your competition:

1. Be Prepared

Strike While The Iron Is Hot: As noted above, you probably won't be the only buyer interested in a given property, especially if it meets your goals, for

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A Canadian investor group wins the bidding for the shuttered Revel casino, then announces it will remain one; two founders of a new advocacy group explain why they belive Philadelphia can have "Development Without Displacement"; and two major Center City office tenants are looking for new space - and less of it:

Revel announces winning bidder (Philadelphia Business Journal)
Revel buyers plan to re-open it as a casino (Associated Press via WFTV Orlando)
Philadelphia can gentrify while protecting residents ( 
Two big tenants looking at space in Center City (Philadelphia Business Journal) 

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Work on NREADS' East Market project begins tomorrow. Barriers are already in place along Market, 11th and 12th streets, and a SEPTA bus stop and subway entrance will close.

Attention SEPTA riders: Please be aware that another huge mixed-use development project will cause some slight disruption to your usual commuting habits.

This one's in Center City, on the northern edge of Washington Square West and Midtown Village, and it includes the closure of a subway station entrance as well as a bus stop, starting tomorrow.

That's when work officially begins on the first phase of East Market, the huge three-phase mixed-use project that will completely transform the Girard Square block (11th to 12th streets from Market to Chestnut).

This project, a

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Brandywine Park as it now appears.

By Gabriel Gottlieb

Two Mantua community groups, “We Are Mantua” and the Mantua Civic Association, are planning to redesign a small park on 34th Street. This park, known as Brandywine Park, sits at the intersection of 34th and Brandywine streets, near Mantua's southeast corner and in the middle of a stretch of 34th Street experiencing massive development of small apartment buildings. We Are Mantua received a “creative placemaking grant” from the Local Initiatives Support Corporation; the group is also getting help from the City of Philadelphia, Drexel University, the People’s Emergency Center and a new group called the Friends of Brandywine Park. Mantua artist Rebecca Rose presented the focus of the redesign effort

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Work on the Rodin Place apartment/office/retail complex starts tomorrow. SEPTA bus riders who catch buses at 22nd and Spring Garden streets will endure a little more than a year of inconvenience for a long-term benefit for the neighborhood.

It's not often that we get construction updates from SEPTA Media Relations, but we got one this morning:

Work will begin tomorrow on the Rodin Square mixed-use development at 22nd Street and Pennsylvania Avenue in Logan Square, just off the Ben Franklin Parkway in the Art Museum area.

While construction on this project that will combine luxury apartments, office space and a new, bigger store for Whole Foods Market is underway, riders on SEPTA bus routes 7, 43 and 48 who catch buses at the stops on the

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We may know it as News Corp. now, but it looks like Rupert Murdoch's global media conglomerate is bidding to become Real Estate Corp. too; Suburban developer Eli Kahn takes another 50 acres off the Archdiocese's hands; speaking of the Archdiocese, its deconsecration of a structurally unsound Fishtown church has neighbors scrambling for a Hail Mary to save it from the wrecking ball; and former Eagles tackle and outgoing U.S. Rep. Jon Runyan is putting his Mount Laurel estate on the market;

Murdoch's News Corp. to buy parent of for $950 million (Los Angeles Times)
Eli Kahn buys 50 acres from Archdiocese (Philadelphia Busienss Journal)
Archbishop decertifies Fishtown church (The Philadelphia Inquirer|
Jon Runyan selling NJ estate for

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Owners of quality properties will have invested in keeping them in good condition. That means they will perform better for you as places to live or as investments.

When shopping for household goods, you probably know that the lowest-priced item is not always the best value; the higher-priced item may cost less per unit of weight or volume, for instance. This is true for real estate too. If you're looking to buy a home to live in or an investment property, you should be looking not necessarily for the lowest-priced property that meets your needs, but the one that gives you real value for your money — or even better, quality at a discount. Here's how you can recognize such properties:

1. They're Priced Right From the Start

The price of these

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Ask the Expert Series

Do credit inquiries affect your credit when buying a home?  Jake Dreyfuss and David Wheeler, Regional Account Executive with Credit Plus discuss how credit inquiries may affect your credit score when planning to purchase a home in Philadelphia. David is a sought-after public speaker and expert in the field of credit scoring.


Jake Dreyfuss:            Thank you for joining us for another edition of Ask The Expert. Today we're joined by David Wheeler, regional account executive for Credit Plus.  David, thanks for joining us.

David Wheeler:             Any time.

Jake Dreyfuss:           Today's topic is this word, inquiries. A lot of times customers come to us, they say, "I'm afraid to get my credit

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