One MarketWay West Undergoing Major Revamp, Adding Eatery, Apartments

A largely underused building in the heart of York City will once again be a bustle of activity as its massive renovation project gets underway.

The massive One MarketWay West will be home to a restaurant, a flagship bank branch, apartments, an underground parking garage and more, said the father and daughter team who owns the building that was once Bear’s Department Store.

The owners and a redevelopment official say the amenities will not only attract people to the city for a bite to eat but also bring more residents to its downtown core.

“There will be people living here. There will be people coming back to the city,” said Patricia Will, a partner with One West, the company that owns the building.

Read more:

http://www.yorkdispatch.com/breaking/ci_28250253/one-marketway-west-undergoing-major-revamp-adding-eatery

Apartment Tower With 164 Units Approved Near Drexel University

A new apartment tower is scheduled to rise at 32nd and Race streets near the campus of Drexel University after receiving approval from the Zoning Board of Adjustment on Wednesday.

The project includes 164 apartment units in a 192-foot tower, along with 12 three-story townhomes serving as a buffer between the tower and the lower-density Powelton Village neighborhood. It will have underground parking space to serve the apartment tower and a small surface lot serving the townhomes. The apartment tower will also include a child-care center that will be open to the public, serving around 150 children and employing 20 adults (presumably).

Read more at http://www.philly.com/philly/classifieds/real_estate/Apartment_tower_with_164_units_approved_near_Drexel_University.html#hRXQ8FGr0ziz38a3.99

Developer Closes In On Macy’s Building In Downtown Pittsburgh

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

The talk at Macy’s Downtown on Thursday was not so much about Father’s Day sales or new fall fashions as it was about plans to turn much of the venerable old building with the famous clock into residences.

Philadelphia developer Core Realty has reached an agreement to buy the 13-story building on Smithfield Street with the intent of converting all but four floors into apartments, the Pittsburgh Post-Gazette has learned.

As part of the sale, Macy’s department store would stay, although the number of floors devoted to retail would be shrinking once again. The store, once a 12-floor behemoth, is expected to be housed on the building’s first four floors, minus the mezzanine level, which would be closed and used as an entrance for residents.

Three years ago, Macy’s cut the number of floors in half, consolidating all retail, including furniture, on the first six floors of the building, plus the mezzanine.

Read more: http://www.post-gazette.com/business/2014/06/06/Developer-closes-in-on-Macy-s-building/stories/201406060108#ixzz33sq0Uqh7