Wayne-based Liberty Property Trust and Synterra Partners of Philadelphia, the Navy Yard's main developers, plan to break ground early next month on the 95,000-square-foot lab-and-office building.
U.S. Construction aims have the four-story, 5,000-square-foot houses that make up what it calls the Moderna at Rittenhouse project ready for occupancy by August 2019.
The 1735 Market St. tower is the last remaining property in what had been a large portfolio of Philadelphia office buildings owned by Equity Commonwealth.
The drop comes as apartment landlords face a surge in supply that's already starting to tamp down rents, while homebuyers tighten their purse strings in the face of increasing interest rates and other headwinds.
TruFusion will occupy the ground floor of a six-story apartment building Spain Property Group is preparing to construct at Germantown Avenue and North American Street.
The project is billed as Newark's first ground-up luxury high-rise in more than 50 years.
Midwood's latest plan for the site on the southeast corner of Ninth Street and Washington Avenue calls for an eight-story building with 182 apartments.
Offsite at Fitler Club will accommodate designated offices, shared desks and common areas for 300 users.
An Anchor subsidiary paid $17 million Monday for the Crozer-Keystone Surgery Center at 2010 and 2050 West Chester Pike.
Streamline Group, based in South Philadelphia, is scheduled to present the proposed projects to the Philadelphia Civic Design Review board on Oct. 2.
The selection of Honor Foods' parent, Burris, to develop the property comes six months after officials issued an invitation for prospective buyers to propose plans for the site.
Developer Carlos Herrera, who came the United States from Venezuela as a teen, is under contract to buy the Delaware River pier where a Trump Tower Philadelphia had been planned.
The new, 33,360-square-foot space, surrounding the atrium above the 111 S. Independence Mall East building's ground-floor food hall, is scheduled to open early next year.
The move will allow the insurer to increase employment by 127 over three years, according to a release from Gov. Wolf's office.
The 1200 Intrepid Ave. office building, recognizable by its sloping white facade, opened in mid-2016.
In Philadelphia, $56 million was awarded for 32 projects.
The move is an early - and possibly the first - case of a company moving its legal home from abroad to the United States as a result of last year's tax cuts.
With the move, Aldi is hoping to sustain a growth spurt by bringing its stripped down inventory of deeply discounted store-brand staples to city dwellers' doorsteps.
Jacob Adelman covers property deals, retail trends and the hospitality business as the commercial real estate reporter.