Real Estate
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Radnor Property Breaks Ground on University City Project
On Wednesday, the Radnor Property Group broke ground on Vue32, the $56 million mixed-use project on Drexel University land at 3201 Race St. in University City, writes Alan Heavens for Philly.com. This project is the latest foray into University City by the Wayne-based real estate development firm and its founder David Yeager. It will include a…
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Radnor’s Brandywine Realty Partners with Drexel for 20-Year Overhaul
Radnor’s Brandywine Realty Trust has partnered with Drexel University on a project, entitled Schuylkill Yards, that will be developed in six phases over a 20-year period, writes Natalie Kostelni of the Philadelphia Business Journal. The first phase will begin during the first half of 2018, according to documents filed with the Securities and Exchange Commission.…
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Cash-Strapped Archdiocese Selling 200 Acres Along Sproul Road in Marple
The cash-strapped Archdiocese of Philadelphia is selling 200 acres along Sproul Road and the Blue Route in Marple for $47 million, writes Natalie Kostelni of the Philadelphia Business Journal. Facing tens of millions of dollars in deficit at one point, the archdiocese launched an analysis of how to dispose portions of its portfolio last year.…
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Bike and Pedestrian Friendliness Are Big Factors for Home Marketability
Studies by the U.S. Census Bureau and the Urban Land Institute put walking and bicycling atop the list of alternatives to the automobile. Therefore, it should come as no surprise that bike and pedestrian friendliness are big factors in home marketability, writes Alan Heavens of the Philadelphia Inquirer. “While parking is still a valuable amenity,…
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Home Values in Garnet Valley, Media, and Wallingford Climb Most in Delaware County
The overall housing market in the United States has recovered from the crisis that plunged the country into a deep recession in 2008. But a new analysis by The Washington Post shows that the recovery has been deeply uneven along lines of race, income, and geography. The data indicates that, in Delaware County, the Garnet…
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Tinicum Recognized as Great Spot for Millennials Buying Their First Home
A recent report in the Philadelphia Inquirer plugged Tinicum as a great spot for millennials looking to buy their first home. Tinicum, which comprises Essington and Lester, is home to slightly more than 4,000 people. Real estate agents in this part of the region usually note the distance to I-95 and the airport when they…
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Radnor’s Traditions of America Among Top 10 Fastest-Growing Private Builders
Not only is Traditions of America ranked fourth among the Top 10 fastest-growing private builders in America, it is also the smallest company to make the list, writes Kayla Devon of Builder magazine. Traditions of America focuses on the development of award-winning Lifestyle Communities and building the finest low-maintenance homes for people age 55 and…
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Radnor’s Ardrossan Farm to Undergo Second Phase of Development
Radnor’s Ardrossan Farm is on the cusp of a second phase of residential development, writes Natalie Kostelni of the Philadelphia Business Journal. Eddie Scott will oversee the development of the property, and he’s offering 15 sites that will be three-quarters of an acre. The starting base price is $695,000 a lot. Previous offerings at the…
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House of the Week: Fairway Estate in Haverford
This beautifully renovated and expanded stone estate home is set on almost two acres near the prestigious Merion Golf Club, the home of the 2013 U.S. Open, overlooking the fairway on the West Course’s first hole, writes Matthew Sheridan of Philadelphia Magazine. Located at 20 Dartmouth Lane in Haverford, this mansion chose to build out…
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House of the Week: Fairy-Tale Cottage in Villanova
The relatively small lot – 0.27 acres – cannot dampen the beautiful exterior of this four-bedroom, three-bath property at 29 Aldwyn Lane in Villanova, writes Matthew Sheridan of Philadelphia Magazine. The Tudor house has cream stucco with blue wood-beam accents, a color combination that you don’t see very often. There are also green shutters and…
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Radnor’s Brandywine Realty Selling Properties in Response to Nation’s Commercial Real-Estate Decline
Sales of U.S. commercial real estate plummeted in February, according to a report in The Wall Street Journal by Peter Grant, signaling that a six-year bull market might be nearing its end. Just $25.1 billion worth of office buildings, stores, apartment complexes and other commercial property changed hands last month, compared with $47.3 billion in…
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Upper Darby Among Nation’s Top 30 in Hipster Home Flips
RealtyTrac, the nation’s leading source for comprehensive housing data, recently released its 2015 U.S. Home Flipping Report, and it reveals that Upper Darby ranks 28th in the country in what it calls hipster home flips. Using average flipping returns along with demographic data from the U.S. Census, RealtyTrac identified the Top 30 hipster zip codes…
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