Residential Real Estate & Development
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After Sonder’s Collapse, Witherspoon Building Returns to Long-Term Rentals
The 186-unit Witherspoon Building has transitioned from short-term rentals into a more traditional leasing model following the sudden collapse of Sonder Holdings, writes Emma Dooling for the Philadelphia Business Journal. SSH Real Estate, which owns the Center City building in partnership with Young Capital, is now repositioning the property as a traditional rental asset. According…
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First Bank House of the Week: Cozy Country Home in Spring City
A beautiful country home on 24.1 acres with five bedrooms and four and a half bathrooms is available for sale in Spring City. . . This charming residence blends classic country elegance with modern functionality. Sophisticated details include hardwood floors, wainscotting, and thoughtful architectural touches throughout, that create a warm and inviting atmosphere. Among the highlights are the bright living room…
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Florida Oceanfront Estate Owned by Late Coatesville Campbell Soup Heiress Hits Market for $85M
An oceanfront estate in South Florida owned by the late Mary Alice Dorrance Malone, a Campbell Soup heiress from Coatesville, has been listed for $85 million, writes Ryan Sharrow for the Philadelphia Business Journal. Situated on the barrier island of Manalapan between the Atlantic Ocean and the Intracoastal Waterway, the 1.5-acre property sits just 12…
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Philadelphia Metro is One of 10 Job Markets Setting the Stage for Strong Housing Demand in 2026
Of the numerous factors that impact the housing market, one is emerging as particularly important for 2026: employment. Employment strength is the driver behind buyer confidence, income growth, and, ultimately, housing demand. Conversely, slower hiring, layoffs, and rising unemployment have a direct correlation to weaker housing markets. With this logic, NewHomeSource parent company Zonda produced…
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First Bank House of the Week: New Construction in Berwyn with Nearby Lake
A beautiful colonial home on 1.2 acres with five bedrooms and five-full-and-two-half-bathrooms is available for sale in Berwyn. . . This refined new residence blends classic architectural influence with contemporary luxury, creating a sense of scale, balance, and thoughtful design throughout. Polished details include wide-plank hardwood flooring, tall ceilings and elevated finishes. Among the highlights are the formal dining room enhanced by elegant…
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Scarcity and Celebrity Influx Send Value of New Hope Riverfront Homes Skyrocketing
Prices for riverfront homes in New Hope have surged in recent years, driven by limited inventory and a growing influx of celebrities to the charming Bucks County town, writes Ryan Mulligan for the Philadelphia Business Journal. The recent sale of a Delaware River property for $9.5 million highlighted the durability of higher home prices in…
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Formerly Farmland, New Mixed-Use Community Planned for New Garden Township
Stonewall Capital, a Baltimore-area developer, is planning a massive mixed-use project on former farmland in New Garden Township, writes Melody Simmons for the Philadelphia Business Journal. Construction on the $300 million White Clay Point development is scheduled to begin next fall. The project will include 622 residential units, a grocery store, and a Wawa convenience store, as well…
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Proposal for 14 New Homes in Phoenixville Reigniting Core Borough Debates
A proposed development that would add 14 new homes to the north side of Phoenixville is currently under consideration by borough officials, writes Justin Heinze for Patch. The idea is reviving long-running debates over traffic impacts, residential density, housing affordability, and the changing character of a historic district. Under the proposal, 14 twin units would be constructed on…
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First Bank House of the Week: Elegant Manor Covering 23 Acres in Chester Springs
A gorgeous manor home set on 23 rolling acres with six bedrooms and six full and two half bathrooms is available for sale in Chester Springs. . . This elegant residence blends European-inspired design with artisan craftsmanship, which creates a refined and timeless atmosphere. Distinctive details include custom cabinetry, hammered copper accents, and expansive windows that bring in the natural light and beautiful scenic…
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Mount Vernon-Inspired Sellersville Estate Prepares to Hit the Market for $3.3M
A Mount Vernon-inspired estate in Sellersville, set on 35 acres and recently updated through a multimillion-dollar renovation, has been listed for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built in 1987, the 6,137-square-foot home is flanked by two stone barn-like structures, one with a full bar and loft with the other currently…
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Center City’s Largest Apartment Tower Goes Up for Sale Again After 4 Years
Center City’s largest apartment tower, on 1500 Locust Street, is back on the market four years after it was last traded, writes Paul Schwedelson for the Philadelphia Business Journal. The 605-unit, 45-story building was acquired by New York real estate firm Fairstead and Minneapolis investment company Castlelake for $233 million back in December 2021. It…
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Over 200 Apartments, Retail Space Coming to Malvern After Office Building Demolition
Downingtown-based TriPoint Properties is planning to demolish a Malvern office building to make way for 250 apartments and retail space, writes Ryan Mulligan for the Philadelphia Business Journal. Purchased in 2020, TriPoint and East Whiteland Township reviewed many ideas for the property at 52 Swedesford Road, ultimately settling on a mixed-use, campus-like project that will…
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New Garden’s $300 Million Mixed-Use Project Could Ease Chester County Housing Crunch
Baltimore-based Stonewall Capital recently acquired a 187-acre property in New Garden Township with plans for a $300 million mixed-use development, writes Ryan Mulligan for the Philadelphia Business Journal. Local officials said the project, with 622 residential units, offers a chance to provide much-needed housing in the area. The White Clay Point project will also feature 115,000 square feet of commercial space, a…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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Yolanda Hadid Withdraws Her “Sanctuary” Farm in New Hope from Market
Three months after listing her “sanctuary” for sale, Yolanda Hadid decided to withdraw the $10.88 million New Hope farm from the market, writes Kelsi Karruli for Realtor.com. In September, the former Real Housewives of Beverly Hills star said that she was prepared to move on from her New Hope home, where she had lived for…
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First Bank House of the Week: Woodsy Traditional Home in West Chester
An attractive traditional home set on 4.64 acres with seven bedrooms and four full and two half bathrooms is available for sale in West Chester. . . This stately residence combines historic character with refined modern living, offers a thoughtful balance of warmth and sophistication. Distinctive details include deep marble windowsills, exposed stone walls, rustic beams, and carefully preserved…
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First Bank House of the Week: Gorgeous Traditional in Elverson
A gorgeous traditional home on 0.56 acres with three bedrooms and two full and two half bathrooms is available for sale in Elverson. . . This refined residence blends historic character with thoughtful modern craftsmanship, composed layout and a warm, welcoming atmosphere throughout. Designed to echo the look of an antique home, it showcases meticulous construction and has…
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Germantown to Get New 46-Unit Apartment Building
Longtime Northwest Philadelphia developer Ken Weinstein is planning a new 46-unit apartment building on Germantown Avenue, writes Jake Blumgart for The Philadelphia Inquirer. Located in Germantown’s Penn Knox area, the five-story building will include more than 1,600 square feet of commercial space and 17 parking spaces. The project reflects a new wave of multifamily development…
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