PlanPhilly

Real Estate Development

    • Warwick Apartments and Bair Funeral Home | Jake Blumgart / PlanPhilly

1911 Walnut tower edges closer with preservation hardship relief in sight

On Wednesday, the Historical Commission held its first Hardship Committee hearing in almost two years, deciding the fate of the property at 1918-20 Sansom Street. Last used as the Oliver H.…

    • Construction worker

Center City's housing boom slightly outpaces demand

Center City is still booming, the Center City District (CCD) reports. Housing is the subject of the latest report from Philadelphia’s premier business improvement district. The headline number is that 2,506…

    • Jewelers Row, August 2016

Jewelers' Row development up in the air (rights)

On Tuesday, Toll Brothers presented their proposed 29-story Jewelers Row skyscraper for Civic Design Review (CDR), but only for an informational discussion—not the actual review as initially intended. When Toll Brothers…

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 Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process.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

  • Jul 13, 2017
  • Aug 10, 2017
  • Sep 14, 2017
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