PlanPhilly

Real Estate Development

    • Rendering of proposed Hyde Hotel at Broad and Pine streets.

New zoning introduced for hotel at Broad and Pine

Councilman Mark Squilla is hoping to remove some obstacles for developer Carl Dranoff’s proposed SLS-brand Hyde Hotel at the corner of Broad & Pine streets in Center City. Last week, Squilla…

    • Development site at Broad and Washington | Bing Maps

Blatstein seeks zoning variances at Broad & Washington

Developer Bart Blatstein is looking to move ahead with his proposal for a major mixed-use project at Broad & Washington, on of the city’s most visible vacant lots. And he’s not…

    • 900-934 Callowhill Street | T.C. Lei & Associates

Design committee asks developers to rework proposal for 9th and Callowhill

The Civic Design Review Committee has asked the developers of a proposed mixed-use apartment project on the mostly-vacant 900 block of Callowhill Street to take another look at their plans and…

VIEW MORE

ABOUT REAL ESTATE DEVELOPMENT

Though it often has a negative connotation, development represents the absolutely crucial element of demand to use the urban form. Once completed, the development project ends up helping to define the built environment for future generations. Without development, there would be no city to plan. Despite the stigma often attached to it, development can meet both community needs and earn a profit when its design and program contributes to the larger urban framework.

It is important that development be regulated so that it supports the public health, safety, and welfare of a neighborhood, though this can be difficult to achieve today given the pressures facing the public sector due to rising social services needs and decreasing tax bases. Private developers often have leverage in these cases, which can lead to some unhealthy compromises that negatively affect our built environment. It is possible for development to be over-regulated, which often discourages investors from investing in particular cities. Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process. However, the re-zoning process currently underway by the Zoning Code Commission should go a long way in addressing this.  The goal is to set standards that encourage a balance of public good and private development.

VIEW MORE

Logging in via Facebook

Log in

Subscribe to our mailing list

* indicates required
Which weekly emails would you like to receive?