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Philadelphia Metropolitan Area Real Estate Law Blog

Tag: Real Estate Development

If Millennials can’t afford houses, are developers out of luck?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Jul 3, 2015.

Real estate developers, homebuilders and realtors have had a pretty rough decade, and new potential problems seem always to be on the horizon. The foreclosure crisis sent new housing starts plummeting — and the apartment industry booming. Climate change threatens to alter entire coastlines — or at least to create new design and insurance challenges. Now, an entire generation of Americans may have given up on homeownership.

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Neighborhood Improvement Zone helps get Allentown project off the ground

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Mar 29, 2013.

Real estate developer Bruce Loch has proposed building a 33-story tower at North Ninth and West Walnut streets in Allentown. The building will offer retail space, office space, and restaurant space, as well as catering and conference space. The proposal is reportedly a renewed plan Loch first envisioned in 1985, but which was put off because of unfavorable economic conditions. The plan is being proposed now in hopes that economic improvement will allow the project to go forward

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Philadelphia ranks 7th for number of economic development projects in 2012

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Mar 6, 2013.

According to a recent publication ranking regions and metropolitan areas annually on how many new companies and jobs they attract, Pittsburgh beat the Philadelphia region. With a total of 126 projects in 2012 compared with the 124 in the Philadelphia-Camden-Wilmington metro area, Pittsburgh was slightly ahead.

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City Council to hold hearing on contentious aspects of new zoning code

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Land Use & Zoning on Oct 26, 2012.

On Monday, October 29, the Philadelphia City Council will hold a hearing on the issue of the city’s new zoning code, under which neighborhood block organizations no longer have any input into zoning decisions. The new law reserves that task to Registered Community Organizations instead, which must claim a service area of at least five blocks.

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Developer and city work out agreement on empty lot as city prepares to open up bidding process

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Sep 29, 2012.

In our last post, we wrote about a local real estate developer by the name of Ori Feibush, who got himself into trouble with the Philadelphia Redevelopment Authority after he made improvements to a vacant lot next to his new coffee shop that had long been neglected.

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Opportunities are out there in real estate investment

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Aug 10, 2012.

Since the economic slowdown, there has been a pullback from real estate investing, but things have recently begun to pick up in real estate. Even the likes of Warren Buffet are noticing the trend and taking advantage of it.

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Pennsylvania apartment development caught in zoning debate

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Land Use & Zoning on Aug 12, 2011.

Due to changes in the economy and in the real estate market, many homebuilders and developers are seeing decreased demand for new single-family homes. At the same time, demand for rental housing is increasing. Responding to this change, many builders and developers are focusing their efforts on building high-density apartments and rental housing.

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Brownfield redevelopment success at the Bethlehem Steel site

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Jun 16, 2011.

Pennsylvania and the Philadelphia region have many brownfields. Broadly defined, a brownfield is a parcel of real estate that poses development challenges because of the presence of a hazardous substance, pollutant or contaminant on the site. Commonly, brownfields are found on abandoned industrial sites.

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