PlanPhilly

Real Estate Development

    • 4601 Market Street is owned by the city.

Provident Mutual building sale on hold, endangering planned West Philly health campus

West Philadelphia Councilwoman Jannie Blackwell has halted the city’s long-awaited remake of the former Provident Mutual Life Insurance Co. building at 4601 Market Street for reasons that include the interest of…

    • Sheet Metal Workers protest in City Council on Dec.4, 2018.

Labor leaders, city officials spar outside Council chambers

An hour before City Council’s final session of 2018, Sheet Metal Workers Local 19 attempted to push through a contested bill requiring costly new annual inspections of the fire protection devices…

    • Sheet Metal Workers protest in City Council on Dec.4, 2018.

Union scores hot win over real estate industry in fire code battle

City officials are brokering a deal they hope will extinguish a feud over Philadelphia’s fire code. The dispute between the city’s Sheet Metal Workers Union and local real estate industry groups…

VIEW MORE

ABOUT REAL ESTATE DEVELOPMENT

Though it often has a negative connotation, development represents the absolutely crucial element of demand to use the urban form. Once completed, the development project ends up helping to define the built environment for future generations. Without development, there would be no city to plan. Despite the stigma often attached to it, development can meet both community needs and earn a profit when its design and program contributes to the larger urban framework.

It is important that development be regulated so that it supports the public health, safety, and welfare of a neighborhood, though this can be difficult to achieve today given the pressures facing the public sector due to rising social services needs and decreasing tax bases. Private developers often have leverage in these cases, which can lead to some unhealthy compromises that negatively affect our built environment. It is possible for development to be over-regulated, which often discourages investors from investing in particular cities. Philadelphia is often seen as a city that has outdated local controls, which in turn delays the development approval process. However, the re-zoning process currently underway by the Zoning Code Commission should go a long way in addressing this.  The goal is to set standards that encourage a balance of public good and private development.

UPCOMING EVENTS IN REAL ESTATE DEVELOPMENT

VIEW MORE

Logging in via Facebook

Log in

Subscribe to our mailing list

* indicates required
Which weekly emails would you like to receive?