PlanPhilly

Real Estate Development

    • Cameron Square: 19th and Wylie streets, March 2017 | ISA

Development proposal revived, revised for Francisville's largest vacant property

Redevelopment for Francisville's largest vacant property, a 1.5-acre site across from Francisville Rec Center where a paint factory once stood, could move ahead after a years-long wait. Last week the Philadelphia City…

    • Tacony Music Hall (file)

Will Tacony Music Hall turn into 'sex-positive community center'?

The Victorian redbrick Tacony Music Hall is an icon of this working class riverfront community in the lower Northeast. The stately bulk of the building is breathtaking, standing out from its…

    • The View II | The Goldenberg Group, Niles Bolton Associates, March 2017 CDR

Design Review for student housing near Temple focused more on parking than design

When it comes to new student housing around Temple University, Civic Design Review may as well be Civic Parking Review. On Tuesday, the Goldenberg Group presented its plans for The View…

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 Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process.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

  • Mar 30, 2017
  • Jul 13, 2017
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