Real Estate
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Philadelphia’s Turn the Key Program Celebrates 100th Price-Restricted Home Sold in the City
In April 2022, Philadelphia officials announced the launch of the Turn the Key program to give away city-owned land to developers to build 1,000 price-restricted homes for first-time buyers. The program just recently celebrated its 100th sold home with now 900 to go, writes Michaelle Bond for The Philadelphia Inquirer. This program is the city’s…
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Homebuyers Regain Leverage in Competitive Philadelphia Area Housing Market
The hyper-competitive Philadelphia area housing market is finally starting to show some signs of cooling, with homebuyers regaining leverage, writes Ryan Mulligan for the Philadelphia Business Journal. The number of listings in the area has gone up recently and the median time on the market is on the rise as well, which is finally giving…
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Jersey Shore Tiny Homes Get Huge Offers, Flourtown Owners Refuse to Sell
Despite receiving many offers, some owners of tiny homes on million-dollar properties in ritzy Jersey Shore towns have no intention of selling, write Erin McCarthy and Ariana Perez-Castells for The Philadelphia Inquirer. Flowertown resident Linda Galer’s family has owned a tiny red cottage on a Stone Harbor street for six decades. They paid $6,000 for…
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First Bank House of the Week: Comfortable Farmhouse with Wood Accents in Chester Springs
A comfortable farmhouse on four acres with seven bedrooms and three full and two half bathrooms is available for sale in Chester Springs. . . Dancing Deer Farm traces its origins to 1788 and is a testament to bygone eras while also offering a lavish lifestyle. Highlights include the formal living room with original varying-width…
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Feasterville Plaza Sells for $18.5 Millon, Eight Percent Less Than Last Time it Traded in 2011
An entity owned by Nandish Patel, founder of Langhorne’s Phoenix Nexus Enterprises, recently bought Feasterville Plaza for $18.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The sale price for the 110,000-square-foot shopping center in Feasterville was 8 percent lower than the last time it traded hands in 2011. The property was previously owned…
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Twelve Chester County Places are Among Fastest-Growing Home Prices in Pennsylvania
Twelve Chester County places ranked among the fifty cities with the fastest-growing home prices in Pennsylvania, according to a new report from Stacker. Devon ranked highest in third place with a 1-year price increase of $65,717 (7.9 percent) and a five-year price increase of $280,099 (45.5 percent). A typical home value in Devon is now…
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First Bank House of the Week: Bright Traditional in Romansville
A gorgeous, brightly-styled traditional home on 6.32 acres with five bedrooms and four and a half bathrooms is available for sale in Romansville. This beautiful residence is a true private sanctuary offering tranquility and luxurious living. . . As you approach the home, you get welcomed by the thoughtfully designed specimen plantings and relaxing wrap-around…
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Greystone Hall in West Chester Lists for Millions
A West Chester wedding venue’s remaining property is on the market. The 44-acre property belonging to Greystone Hall is listed at $9 million. But a real estate firm representing the longtime owners wants to see it become a luxury resort, writes Emma Dooling for The Philadelphia Business Journal. The property currently includes a three-story…
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Wall Street Journal: How Philadelphia is Helping Renters Combat Nationwide Eviction Surge
The city of Philadelphia has helped thousands of renters get spared from eviction through its eviction diversion program, writes Will Parker for The Wall Street Journal. The relatively new process requires landlords to go through out-of-court negotiations with tenants before they can sue to remove them. It has helped eviction filings in Philadelphia to remain…
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VRA Realty Introduces John Williams, the Newest Agent at Chadd’s Ford Location
Jacob Verna, Director of Business Development and REALTOR®️ at VRA Realty, recently sat down with John Williams, the newest addition to the VRA Realty family, now operating out of its Chadds Ford location. Williams has firm roots in the Chadds Ford area, having started his career in real estate in the Garnet Valley School District,…
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Sweet Aloha Bowls Opens at Hankin Group’s River Station
Hankin Group, a vertically integrated real estate company, has added Sweet Aloha Bowls, an authentic superfood café specializing in acai bowls, to the mixed-use River Station community in Downingtown. The River Station location marks the second brick-and-mortar for Sweet Aloha Bowls, which launched as a popular food truck in 2016. Sweet Aloha Bowls at River Station…
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Former Gretz Brewery Site in Olde Kensington Listed for $6.6M, New Plan to Build 200 Apartments Emerges
The former Gretz Brewery building in Olde Kensington has been listed for $6.6 million, and a Conshohocken developers is seeking approval to build 200 apartments in advance of a potential sale, writes Ryan Mulligan for the Philadelphia Business Journal. In 2019, the Rufo Companies, which owns the historic property received permits to redevelop the property…
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First Bank House of the Week: Expansive Modern Colonial in Malvern
An expansive modern colonial home on two acres with seven bedrooms and five full and three half bathrooms is available for sale in Malvern. This gorgeous residence, perfectly situated at the end of a cul-de-sac, offers over 9000 square feet of living space. . . Highlights include a foyer with hardwood floors and pillars, library…
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Hankin Group To Break Ground on New Life Sciences Building at Exton’s Eagleview Following High Demand
Hankin Group plans to break ground on a 63,000-square-foot life sciences building this fall at Eagleview in Exton located at 100 Arrowhead Drive. The new project, aptly named “Arrowhead,” comes after the real estate developer recently welcomed tenants to its new, 113,000-square-foot life sciences building and is in direct response to that building’s near sell-out…
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First Bank House of the Week: Mid-Century Modern Tucked Away in Landenberg
An amazing mid-century modern home on 7.5 acres with three bedrooms and two and a half bathrooms is available for sale in Landenberg. This lovely residence is a true nature lover’s paradise with beautiful views of surrounding woodlands and meadows. . . The home boasts spacious rooms with many retro touches throughout. The charming chef’s…
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Five Major Developments Bring Over 1,700 Apartments In and Around Center City
Amid a surge in multifamily projects throughout Philadelphia, five major developments have brought over 1,700 apartments in and around Center City this summer, writes Paul Schwedelson for the Philadelphia Business Journal. Overall in Philadelphia, 2,653 new apartments were built during the first six months of the year. The five high-profile developments include: Together, they have…
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Bucks County Playhouse Expands with Purchase of Historic New Hope B&B
Bucks County Playhouse has expanded its commitment to the New Hope community with the acquisition of the historic Umpleby House, a 191-year-old bed and breakfast, writes Emma Dooling for the Philadelphia Business Journal. The theater purchased the property at 111 W. Bridge St. for $1.65 million on July 18, according to Executive Director Nicole…
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First Bank House of the Week: Stunning Traditional Home in the Heart of Chester Springs
A stunning traditional home on 16.9 acres with four bedrooms and three full and two half baths is available for sale in the heart of Chester Springs. . . Seventeen Acre Wood Farm also has a detached four-car garage, a barn with five stalls and pastures, an in-ground pool, spacious backyard, and a pond with…
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