PlanPhilly

Real Estate Development

    • Lincoln Square | Alterra Property Group

Johnson sponsors zoning change for Lincoln Square project at Broad & Washington

Councilman Kenyatta Johnson introduced two bills on Thursday that would allow Alterra Property Group to build a nine-story, 356-unit apartment complex and grocery store at the northwest corner of Broad Street…

    • 13th & Washington | Cope Linder

Unimpressed but unempowered, design committee gets a final look at Broad & Washington project

It took Bart Blatstein less than two minutes to describe the changes he made to his proposed mixed-use megaproject at Broad & Washington since his first presentation left the Civic Design…

    • David Feldman

David Feldman to helm builders' lobby Development Workshop

David Feldman, an architect and founder of the development outfit Right-Sized Homes, has been named the new director of the Development Workshop, a lobbying group and consortium of builders, designers, attorneys,…

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 Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process.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