A new warehouse has been proposed for a nearly 11-acre property that was once slated for residential development. The plan represents a significant shift in the site’s future use. Previously, a homebuilder proposed constructing dozens of townhomes on the property. However, the project never moved forward. Following that decision, a New York-based investment firm acquired… Read more »
In contrast to national trends, Philadelphia’s industrial development has rebounded significantly in recent quarters. After hitting a three-year low at the end of 2023, the region’s active industrial construction pipeline has surged by 28%. As of Q3 2024, over 17.3 million square feet across 55 industrial buildings are under construction in the Philadelphia metropolitan area,… Read more »
