Expect an increase in investment and property values in South Philadelphia in 2020. Many stakeholders have invested in large projects in the area, particularly around the stadium district and eastern South Philly.
Here are some major projects coming soon in zip code 19147/19148:
Live! Hotel and Casino at 900 Packer Ave: The $700 million casino and hotel is expected to be completed by the end of 2020. The long delayed construction begins in 2019.
Pattison Place beside Xfinity Live! at 1100 Pattison Ave: The glass-sheathed office tower will encompass at least 200,000 square feet and is the first step toward developing the sprawling property in the South Philadelphia stadium district. Also included in the proposal are 20,000 square feet of street-level retail at the site to the immediate west of Xfinity Live. Find out more on Philly.com.
South Columbus Boulevard center redevelopment, starting with a $12 million renovation of UA Riverview Plaza. The center spans the western side of South Columbus Boulevard, from Washington Avenue to Dickinson Street, in the city’s Pennsport neighborhood. Cedar Realty Trust plans to redevelop the center over 7-10 years in three phases, the first two of which will consist of about 260 apartments and 125,000 square feet of retail. This mixed-use project made up of apartments sitting over street retail will feature some of the finest river views in all of Philadelphia. Cedar anticipate launching this project in the first half of 2019.
South Quarter Crossing on the west side of South Philadelphia: Cedar Realty Trust will redevelop and merge Quartermaster and South Philadelphia Shopping Center into a single one million-square-foot shopping and residential complex. Click here to see their leasing plan.