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New Construction Projects in Philadelphia

New Construction Projects in Philadelphia


When living in a large city like Philadelphia it can be difficult to see all the new and upcoming real estate construction. With the demolition of old buildings to the construction of newly renovated complexes, let LYL Realty give you the scoop on what’s to come!

Just North of Broad Street is the newly constructed six-story multifamily apartments on the corner of Callowhill. The development broke ground in early 2016 with co-partners Hanover Co. and Parkway Corp. The bottom of the building will contain retail opportunities. With construction almost complete, tenant applications are also being accepted. The hopes for these new apartments is to start bringing Center City’s density up Broad Street.

Further toward Center City is the renovation an old parking garage located in the Avenue of the Arts section of Broad. The parking garage will be turned into a Cambria Hotel and will hopefully bring more tourists and business partners to the area. Pearl Properties broke ground in 2016 and is expected to be finished early 2017.

How could anyone miss Philadelphia’s newest skyscraper? A project expected to open in 2017 is the new Comcast Innovation and Technology Center. The new building will stand 172ft taller than the previous Comcast Center and have a remarkable 59 stories. The building will be occupied by 200+ luxury hotel rooms, a vast amount of retail space, and a top floor restaurant with a view of the city.

After months of debate and fights with the zoning board, the Toll Brothers has revealed their proposal for a 29-story tower filled with condos and retail opportunities on Sansom Street. To start the construction of this massive building 5 historic buildings will be torn away but not forgotten.  It is too have a modern feel with brick and metal exterior to still keep the history of the street alive. The project is not expected to be concluded until 2019.

With the new construction going on, some have felt that the history of Philadelphia was being forgotten. In most cases, significant historic buildings are being salvaged or just renovated for different use. With the changing skyline of our city we are still excited to see where it all goes. But don’t forget, when it’s time to find a new place to live, whether you are looking to buy or rent, LYL Realty Group is here to help you every step of the way!

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Off-Campus Living

If you’re reading this, chances are you’ve decided to ditch dorm life or are considering it for the near future. If this is you, here are some tips to help keep costs down while venturing into the exciting world of off-campus living!

Get Some Roommates
A lot of folks really like the idea of living alone while they plow forward to their degree, but that can often be cost-prohibitive for most students and their families who may be assisting with these expenses. Some say having roommates is a huge part of the “college experience” and you don’t want to miss out on a lifetime of memories and stories to tell! One of the major benefits of moving off campus is that you get to choose your roommate. Having a roommate(s) to share rent and utilities with can help keep some money in your pocket.

When you move off campus, you often lose the convenience of walking to class. The city of Philadelphia has an extensive public transit system so familiarize yourself with the routes that are relevant to the placement of your apartment as well as your school’s campus and if it makes sense for regular usage, consider getting weekly or monthly passes to save considerably on fares. Also, an excellent option is to obtain a bicycle, you can buy one for a reasonable price and you’ll never have to fill it with gas or pay a fare to get on it! Riding a bike to explore your neighborhood is also a great way to get to know what’s available to you in your area as far as food, entertainment, parks, school resources and more!

This is something to consider heavily especially if you’re transitioning from a dormitory situation where these costs may have been included before. Be aware of the things that use energy in your home and try to reduce the usage of said things whenever possible. Make sure you turn off lights and appliances when not in use, make sure windows and doors are closed when using heat or air conditioning, only do full loads of laundry to reduce the number of times you use the washer/dryer. Same thing if there is a dishwasher in your apartment, wait until you can fill it before running for just a few items, or maybe just consider washing them by hand anyway as you’ll certainly use less hot water. Remember that even if you’re not paying for water in your apartment, you’re paying to heat that water!

It’s no secret that cable can cost an arm and a leg on a monthly basis so it might be smart to go without it. Surely you’ll need an internet connection in your new apartment since you’re a college student, so use this to your advantage for entertainment as well. Using streaming services (even if you pay a for a few of them) is considerably cheaper than using traditional cable service, and let’s be real…nobody needs 200 channels to flip through! Also, maybe your parents have cable anyway and you can use their login information to watch your favorite shows on network websites. An HDMI cable is fairly inexpensive and will hook your computer to your television for ultimate comfort while using your favorite streaming service.

In this age of fast moving information, we all find ourselves busy and leaning on convenience because well…it’s convenient. But convenience always comes with a price! Instead of going for those quick bites at the store or restaurant, think ahead! Do a weekly grocery trip with plans for meals, pack a lunch for when you’re going to on campus all day, make a large meal at the beginning of the week that you can eat for multiple days. Not only will these kinds of things save you money, it’ll also increase your appreciation for that awesome meal you get at your favorite restaurant when you aren’t eating out several times a week.

Student Discounts
There are so many places especially near campus that offer student discounts, it never hurts to ask, you might be surprised at what you can save just by showing your student ID. Here is a link with some places you may not have known offer discounts to students in Philly.

Hopefully, this list has been helpful in your quest to be economical about your venture into the world of off-campus living!

Jake Smith © LYL Realty Group 2016