Tech City Philly!

Not surprised to learn that Huffington Post has ranked Philly high on their list of Top 10 Citites for Techies!  It’s not to hard to explain either. With the number of elite and highly respected educational institutions concentrated in a dense area, combined with an affordable cost of living and very reasonable access to 3 other major cities (Hello NY, Boston and DC!) one would be foolish not to set up shop in this great city! 

Advertisements

This one’s got potential…..

Keystone Property Group closes deal on acquiring One Belmont Ave.  Most of you know it as the GSB Building along City Ave.  The deal is estimated at $46 million for the 12-story, 245,000 square foot building with massive parking lot.  If the zoning gets approved, this could be a big-deal, mixed used development along a resurgent City Ave corridor.  You can read more here  GSB Building Sold!

GSB Building

Photo Courtesy: Greg Benson

Brandywine’s Big Flip!

One of my favorite developers in this city has made a genius move and traded a beautiful piece from their real estate portfolio.  Read more in the link below

via Former University City post office site selling for $354 million – Philadelphia Business Journal.0165-01

Photo Courtesy of brandywinerealty.com