PlanPhilly

Real Estate Development

    • Bills bringing shopping center to 2nd and Allegheny OK’d by Planning Commission

Bills bringing shopping center to 2nd and Allegheny OK’d by Planning Commission

The Philadelphia City Planning Commission approved three bills Tuesday afternoon that will allow for the development of a retail shopping center at 2nd Street and Allegheny Avenue in Kensington. All three…

    • Reprieve granted for historic Spring Garden church

Reprieve granted for historic Spring Garden church

Hold the wrecking ball. The Church of the Assumption received a pre-holiday gift Tuesday from the Board of Licenses & Inspections Review, which granted a stay on the demolition permit pulled…

    • Giovannone family said efforts to find a new tenant for the Ridge Ave. Bunting House site had seemingly failed. (Megan Pinto)

Giovannone brothers proceed with Bunting House demo plans while opponents seek injunction

By Amy Z. QuinnFor NewsWorks A court showdown over the fate of Roxborough's historic Bunting House is set for tomorrow, as those trying to save it say they will seek…

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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 Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process.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.

UPCOMING EVENTS IN REAL ESTATE DEVELOPMENT

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