PlanPhilly

Real Estate Development

    • Walnut Street, Philadelphia Photos

Center City report finds $1 billion in retail demand

Just in time for the holidays, the Center City District (CCD) released a 24-page glossy report on the state of retail its purview, finding downtown Philadelphia blossoming as a “24-hour downtown”…

    • 6200 block of Osage Avenue, November 2016 | Jake Blumgart / PlanPhilly

Acknowledging MOVE bombing’s enduring trauma, city wants to rebuild again

Philadelphia has the distinction of being one of the only cities in history to have bombed itself.  On May 13, 1985, the police dropped a satchel of explosives of 6221 Osage…

    • St. Laurentius from Palmer Cemetery, 2015 | Michael Klusek, EOTS Flickr Group

St. Laurentius reuse clears zoning board, opponents eye appeal

Earlier this week the Zoning Board of Adjustments (ZBA) finally issued its decision on the future of the closed St. Laurentius Catholic Church in Fishtown. The almost 150-year-old structure has been…

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 Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process.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