Dennis Benner Proceeding With Plans For 7-Story Building In South Bethlehem

Developer Dennis Benner is proceeding with his long-held plans for a 7-story building at Third and New streets in Bethlehem.

Benner originally intended six floors of offices with first-floor retail on the corner but his new plans submitted to the city show one floor of retail, four floors of offices and two floors of apartments.

His plans will go before the South Bethlehem Historic Conservation District for review at 7 p.m. Monday at Town Hall.

Read more: http://www.lehighvalleylive.com/bethlehem/index.ssf/2015/04/dennis_benner_proceeding_with.html

Planned Smallman Place Condos In Strip District Selling Fast

Sales agreements are in place for about two-thirds of the 36 condominiums that a suburban Philadelphia developer is planning in the Strip District, months before construction is set to begin.

The Smallman Place condos went on the market in the first week of April.

“If you have the right project at the right place and the right price, you can be successful,” said developer Jack Benoff of Solara Ventures Inc.

Benoff has been one of Pittsburgh’s most active condo developers in recent years. He converted 941 Penn Ave., Downtown, and the Otto Milk building in the Strip District into condo buildings that sold out quickly, with the exception of a $1.8 million penthouse at Otto Milk that’s now under agreement.

Read more: http://triblive.com/business/headlines/8209221-74/condos-district-smallman#ixzz3XxjNdmxS
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(Greater) Center City Philadelphia’s Population Now Second Only To Midtown Manhattan’s

An expanded Center City Philadelphia has grown so much that it now ranks second only to Midtown Manhattan when it comes to people who live in the heart of the city.

That’s according to the Center City District, which released its annual report Monday – and which is defining the area as extending from Girard Avenue to Tasker Street.

Over the past 15 years, population grew 16 percent in the district that is also bounded by the Schuylkill and Delaware Rivers, bringing the population to 183,240, according to latest State of Center City report.

Brisk redevelopment also continued last year in that area, the CCD reported, with 1,983 new residential units completed by developers in that area.

Read more at http://www.philly.com/philly/news/20150421__Greater__Center_City_s_population_now_second_only_to_Midtown_Manhattan_s.html#8uGCG8AyUkPxSytk.99

Development Could Soon Be Booming In West End

Pittsburgh’s building boom, centered for years on Downtown and East End neighborhoods, is spreading into the West End.

Developers are focusing on Banksville Road where nearly $3 million is being spent to build a hotel, an office building and an expansion of offices for an engineering firm.

“The city of Pittsburgh overall is doing well in terms of development,” said City Councilwoman Theresa Kail-Smith, who represents West End communities. “Banksville has good access to Downtown, the Parkway (West), the airport and suburbs.”

A Comfort Inn and Suites is going up near a Days Inn along lower Banksville Road. The $2.7 million project includes a four-story hotel building with 69 rooms and 64 parking spaces, according to Pittsburgh Planning Commission records.

Read more: http://triblive.com/news/allegheny/8187310-74/banksville-building-west#ixzz3XfbnKxm8
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New ‘Flagship’ Wawa In Center City To Have Seating

Wawa will open its first store with interior seating in Center City Philadelphia this year, the company announced Thursday as it celebrated its 51st anniversary by giving away free coffee.

Work on the store at South Broad and Walnut Streets should begin in May and be finished in time for a Thanksgiving opening, said Lori Bruce, a Wawa spokeswoman.

Wawas in Florida and several other locations have outside seating, but not indoors.

Bruce said besides the seating the “new flagship store … will feature many new design concepts.”

Read more at http://www.philly.com/philly/business/20150417_Wawa_celebrates_anniversary_with_free_coffee.html#L3Rq2Z2yXVzmS5Lj.99

Plan Calls For 175 Luxury Apartments In Downtown Kennett Square

KENNETT SQUARE, PA – Borough officials are considering a plan that would bring 175 luxury apartments and a pub restaurant to the western section of town.

Called The Lofts, it will be located very close to Victory Brewing Co. on Cypress Street that will open sometime this month. Specifically it will be bordered by State Street to the north, Washington Street to the east, South Mill to the west, and Bernard Alley to the south.

Developer, StanAb Real Estate Development Co. of West Chester, purchased the entire 600 block of State Street recently, which had been the site of Kennett Motors and Kennett Transmissions.

“Except for Magnolia Place, there are few other choices (for rental housing),” said Tony Stancato, an executive with StanAb. “The lure of Kennett Square is that is has walkable amenities, and there are many businesses wanting to come to Kennett. Demand for rental has been increasing with those ages 20 to 34 holding off buying decisions for many reasons. Kennett Square is an underserved marking for rental housing.”

Read more:

http://www.dailylocal.com/general-news/20150412/plan-calls-for-175-luxury-apartments-in-downtown-kennett-square

Owners Of Burned-Out McDonald’s In Ephrata To Begin Rebuilding

The owners of a burned-out McDonald’s in Ephrata plan to soon begin tearing down the old restaurant and building a new one that could be open by mid-July.

The McDonald’s at 140 N. Reading Road in the Cloister Shopping center was destroyed by a fire last June.

Read more:

http://lancasteronline.com/business/local_business/owners-of-burned-out-mcdonald-s-in-ephrata-to-begin/article_38b10996-df7e-11e4-b95b-c30bb5aceab5.html

Bethlehem Approves 30-Unit Apartment Complex Off Elizabeth Avenue

The Bethlehem Planning Commission on Thursday approved construction of 30 apartments on two vacant parking lots off East Elizabeth Avenue.

Peron Development hopes to start construction on the three-story apartment building at Chelsea Avenue and East Greenwich Street within 90 days, company Director of Development Rob de Beer said.

Peron also is about to start on the construction of 110 apartments on East Third Street on the South Side.

“There’s that much significant interest for living in Bethlehem and we want to meet that demand,” de Beer said.

Read more:

http://www.lehighvalleylive.com/bethlehem/index.ssf/2015/04/bethlehem_approves_30-unit_apa.html

Pittsburgh URA Set To Approve Housing Developments In Larimer, East Liberty

A new day is dawning in Larimer, with the city getting ready to plant the first seeds in a massive effort to revitalize the neighborhood with the help of a $30 million federal grant.

Pittsburgh Urban Redevelopment Authority board members are poised to give the go-ahead Thursday for construction of 85 mixed-income residential units in Larimer and East Liberty, the first phase of a broader $400 million revitalization strategy.

The townhouses and apartments will be built at the site of the former Liberty Park site and Omega Place in East Liberty and the former Auburn Towers site in Larimer.

They were made possible in part because of a $30 million Choice Neighborhoods Initiative grant awarded last year by the U.S. Department of Housing and Urban Development. Pittsburgh was only one of four cities in the country to win a grant. Forty-three had applied.

Read more:

http://www.post-gazette.com/business/development/2015/04/08/URA-set-to-approve-Larimer-housing-project/stories/201504080115

Bethlehem Moving Forward With South Side Garage Despite Stalled Development

The Bethlehem Parking Authority is moving forward with a study for a new South Side parking garage despite any concrete plans for the major buildings for which the garage is supposed to be needed.

Authority Executive Director Kevin Livingston said the authority can’t wait for developer Dennis Benner to have signed tenants for his planned South Side buildings because the authority could lose the state grant funding set aside for the garage.

Bethlehem has filed for an extension for the $5.2 million in state grant funding but isn’t sure if the extension will be approved, Livingston said.

“We’re obviously afraid of losing it,” he said.

Read more:

http://www.lehighvalleylive.com/bethlehem/index.ssf/2015/03/bethlehem_moving_forward_with.html

On The Horizon: PNC’s $400M Tower Nears Completion

Picture of PNC Tower in July 2014

Picture of PNC Tower in July 2014

PNC Financial Services Group’s $400 million skyscraper in Downtown is nearly 80 percent complete and on track to be finished in the fall, the company said Friday.

Mayor Bill Peduto said he welcomes “the addition of their new tower to our celebrated skyline,” along with the financial giant’s continued investment in Pittsburgh.

PNC’s Downtown presence includes the 30-story One PNC Plaza, 34-story Two PNC Plaza, 23-story Three PNC Plaza and five-story PNC Firstside Center on First Avenue.

Construction of the skyscraper, dubbed The Tower at PNC Plaza, began in spring 2012. A PNC-run website dedicated to the project says The Tower is 78 percent complete, with work to enclose the building about 90 percent done and interior construction about 60 percent finished. The latter work is expected to be completed in the spring.

Read more: http://triblive.com/news/allegheny/7991821-74/pnc-percent-tower#ixzz3VAhTA2hf
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Music History In South Broad Hotel-Condo Project

Introduced as interior designer for the 152-room SLS LUX Philadelphia Hotel, the iconic Phillipe Starck found it easy to strike the right chord with his audience of city movers and shakers.

Turning to Kenny Gamble and Leon Huff, the Frenchman thanked the recording impresarios for giving him “the kind of music that has allowed me to make good projects.”

“This is my opportunity,” Starck said of his first Philadelphia project, “to be able to pay my debt to you and your music,” to which he listens as he designs.

With speeches, gold bricks, and daytime fireworks Friday at the Kimmel Center’s Hamilton Garden, developers Carl Dranoff and Sam Nazarian, CEO of Los Angeles-based sbe Entertainment Group, led the tributes to Gamble and Huff.

Read more at http://www.philly.com/philly/business/20150314_Music_history_in_South_Broad_hotel-condo_project.html#Bbp17K28Dt0jt96z.99

Harsh Winter Delaying Opening Of Camelback’s $163 Million Waterpark Complex

TANNERSVILLE, PA — Shedding winter layers for swimsuits at Camelback Lodge and Aquatopia will take a month longer than expected.

The newest addition to Camelback Resort, a 453-suite hotel and a 125,000-square-foot indoor waterpark, was tentatively scheduled to open in March. The 16-month, $163 million construction project has been delayed due to winter’s tight grasp on the region.

“Obviously, we’ve had tremendous weather difficulties, and that is a fact, but we are probably 95 percent on schedule,” Arthur Berry, president of Camelback Resort told the Pocono Record.

Read more:

http://www.timesleader.com/news/business-local-news/152089723/

Can The Wyoming Valley’s Platter Hold More Restaurants?

WILKES-BARRE TWP., PA — Five national chain restaurants opened in the area last year and two more are slated to open soon. Two others — Pizza Hut and Lone Star — went out of business last month.

So has area’s restaurant bubble finally popped?

No, said John Bartorillo, president of Maslow Lumia Bartorillo Advertising in Wilkes-Barre.

“Saturated? No,” said Bartorillo. “We have not reached that point yet.”

Read more:

http://www.timesleader.com/news/business-home_top/151817501/Is-there-room-for-more

Center City District: Housing Boom Continues

The housing boom rolling across central Philadelphia showed no signs of weakening last year, according to data released Tuesday, but a population exodus could be on the near horizon if little is done to fix the city’s schools and tax structure.

The news was mostly positive out of Center City District’s annual housing report, which found that 1,983 new apartments, condos, and houses between Girard and Tasker Avenues, and the Schuylkill and Delaware River hit the market in 2014, thanks to an influx of empty nesters and young professionals, said CCD chief executive Paul Levy.

That number was down 8.5 percent from the record-breaking 2,168 logged a year earlier. But Levy and his staff concluded that demand for the torrent of new construction of homes and apartments would be strong for at least several more years.

“Property is selling for more. It’s selling more quickly,” Levy said.

Read more at http://www.philly.com/philly/news/20150218_Center_City_District__Housing_boom_continues.html#gfAQAl0PUIx9wOV9.99

Lehigh Valley Apartments Are Still Booming With No Bust In Sight, Experts Say

When Mark Mulligan saw how fast his new apartments in Easton’s former Pomeroy’s building were leasing, he started snapping up more city properties for more rentals.

Now more developers are jumping on board. In one week alone this month, three new apartment projects were announced in the Easton area, including a plan for 240 apartments at an abandoned industrial site in Palmer Township.

City Center Lehigh Valley is building 370 apartments in Allentown, 570 apartments have been approved along Freemansburg Avenue in Bethlehem Township and the long-stalled Dixie Cup factory renovation in Wilson Borough appears to be finally starting with plans for 250 apartments.

There’s no denying that the Lehigh Valley is in the midst of an apartment boom. But will there be a bust?

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2015/02/lehigh_valley_apartments_are_s.html

Plan To Relocate Pittsburgh Playhouse Downtown Approved; Millcraft Proposes Condos For Saks Site

The stage is set for the relocation of the Pittsburgh Playhouse to Downtown. City planning commission members unanimously approved plans for construction of new playhouse complex on Forbes Avenue Downtown today, clearing the way for its move from Oakland.

Approval came over the objections of preservationists who urged the commission to no avail to save three Forbes Avenue facades that will be relocated and integrated into the new complex under the plans advanced by Point Park University.

With today’s decision, Point Park intends to start construction in March with the demolition of three Forbes Avenue buildings and hopes to have the new complex ready for audiences in July 2017.

The $53 million project will feature a 550-seat main theater, a 200-seat adaptive theater with doors that will open to a plaza for outdoor performances, a 100-seat black box theater and supporting facilities.

Read more: http://www.post-gazette.com/business/development/2015/02/10/Millcraft-proposes-to-build-condos-garage-at-former-Saks-site-Downtown-Pittsburgh/stories/201502100184

NY Times: Millennials Driving Apartment Boom In Wilmington

Wilmington is becoming quite the hot spot for young professionals.

In Delaware’s largest city, about 30 miles south on I-95 from Philadelphia, the downtown is expanding with several hundred apartments on the way.

These new apartments, profiled in a New York Times article this week, are aimed at millennials who are “driving increased demand for city-center living, car-free commutes and transit oriented development in cities around the country,” the article states.

To build these residential units, developers are taking vacant or underused buildings and either demolishing or renovating them.

Read more at http://www.philly.com/philly/blogs/philadelphia-real-estate/NY-Times-Millennials-driving-apartment-boom-in-Wilmington.html#LYzMk5JseugGvOJ3.99

Costco, Whole Foods Shopping Center Tenant Roster Almost Full; Project Set For Spring 2016 Opening

LOWER MACUNGIE TOWNSHIP, PA – The Hamilton Crossings tenant roster is almost full, project developers Tim Harrison and Jeremy Fogel said Tuesday.

Nearly 100 percent of the retail and restaurant space available at the 570,000-square-foot shopping center has been leased, they said during a presentation organized by Commercial Real Estate Women Network Lehigh Valley.

“There are people that, personally, I’d like to fit, but we just don’t have the room,” said Harrison, of Staten Island, N.Y.

The Lower Macungie Township complex will feature several Lehigh Valley firsts — Costco, Whole Foods and Nordstrom’s Rack — but declined to name retailers or restaurants that have not previously been announced.

Read more: http://www.lehighvalleylive.com/lehigh-county/index.ssf/2015/01/hamilton_crossings_lower_macun.html

Target Aiming To Build Small Center City Stores

For years, landlords tried to coax Target to open one of its big-box stores in the heart of Philadelphia. Each time they failed, daunted by the difficulty of plunking a store the size of two football fields into a packed downtown.

That chase appears to have come to an end, with a much smaller version called Target Express now looking to make a splash at multiple locations in the hottest pockets of redevelopment near Philadelphia’s core.

Target Corp. is hunting for lease deals in Center City and University City to build what could be as many as four of the new stores, which are about one-sixth the size of a suburban Target.

The goal is to bring the brand to the very Baby Boomers and young professionals who became loyal customers in the suburbs, but who increasingly are moving into resurgent central Philadelphia.

Read more at http://www.philly.com/philly/business/20150109_Target_aiming_to_build_small_Center_City_stores.html#jQsGpabPqVtiiwUp.99