Philadelphia Real Estate Blog

500 Walnut Sets New Bar for Luxury Philadelphia Living

February 21st, 2017 Shannon O'Donnell Comments Off on 500 Walnut Sets New Bar for Luxury Philadelphia Living

They've been talked about for years now - including the rumor that Jay-Z and Beyonce were buying the penthouse - but the luxury condo units at 500 Walnut are nearing completion. Final work is being wrapped up on the building, and residents will be able to move in this summer. Developer Tom Scannapieco is making a name for himself as Philadelphia's go-to guy for top of the line living. He can brag that he has created the highest-selling condo in the...Read More

Grocer, Distributor Revenue Down Since Soda Tax

February 20th, 2017 Shannon O'Donnell Comments Off on Grocer, Distributor Revenue Down Since Soda Tax

It stood to reason that the soda tax was going to have an impact on the sales of sweetened beverages in the city of Philadelphia, but now the first wave of fiscal results are rolling in and the actual results are nothing short of dramatic. Bloomberg reports that, since the levy went into effect January 1st, some grocers and distributors are seeing as much as a fifty percent drop-off in revenue. Bloomberg cited the examples of Canada Dry Delaware Valley, a...Read More

Ridesharing Apps Bring Big Money in Philly

February 17th, 2017 Shannon O'Donnell Comments Off on Ridesharing Apps Bring Big Money in Philly

According to the Philadelphia school district, ridesharing apps Lyft and Uber brought in a combined $44 million in their first two months of legality. According to the Philadelphia Inquirer, this data was gleaned from tax revenue coming in. That means that the services are averaging $5.5 million a week in the City of Brotherly Love, starting on November 4th, 2016 and going through the last day of the year. As part of making ridesharing legal, the city laid out a 1.4...Read More

Will Pennsylvania Change State IDs?

February 16th, 2017 Shannon O'Donnell Comments Off on Will Pennsylvania Change State IDs?

As of right now, Pennsylvania's state IDs are a bit of a problem. The Keystone State is one of only a few states left in America that hasn't made its drivers licenses and IDs REAL ID compliant. REAL ID is a form of identification that came about following the 9/11 terrorist attacks. It is supposed to meet stricter regulations for safety and verification of identity. In REAL ID states (such as my home state of Florida), drivers and those seeking...Read More

Vanguard Chooses Center City Satellite Office

February 14th, 2017 Shannon O'Donnell Comments Off on Vanguard Chooses Center City Satellite Office

Yet another business has chosen Center City as a new home. The downtown core of Philadelphia is one of the city's hottest locations for real estate, as proven by the fact that a mutual fund company is opening an "innovation center" there. Vanguard's headquarters are enormous and based in Malvern, Pennsylvania. The new location, situated at 2300 Chestnut Street, will occupy just two floors of the historic building. At first, just twenty employees will staff the location. Vanguard is expecting that...Read More

Just Listed: 1739 Christian St, Philadelphia, PA 19146

February 13th, 2017 Frank L. DeFazio Comments Off on Just Listed: 1739 Christian St, Philadelphia, PA 19146

Just Listed: $695,000 Move in ready, very well maintained 3 bed, 2.5 bath home in Graduate Hospital! The first floor features tons of natural light, open living and dining room, hardwood floors and recessed lighting throughout, central air, huge kitchen with breakfast bar, granite countertops, backsplash and stainless steel appliances. Walk up the oak staircase to the second floor with 2 bedrooms, full bath and linen closet. The third floor features the master bedroom, walk in closet, master bathroom with glass...Read More

Just Sold: 1101 Washington Ave Unit #506, Philadelphia, PA 19147

February 13th, 2017 Frank L. DeFazio Comments Off on Just Sold: 1101 Washington Ave Unit #506, Philadelphia, PA 19147

  Just Sold: $491,000 Rarely offered: Stunning corner 2 bedroom plus den, 3 bath bi-level New York style loft located at the Lofts of Bella Vista. This stylish apartment features modern details throughout, including iron railings, polished cement & hardwood floors, two story exposed brick walls and immense windows with abundant sunlight spilling in. Stunning views facing east and capturing Center City. The first floor is a grand open space with one area that can be an office or converted back to...Read More

Where to Celebrate Valentine’s Day in Philly

February 13th, 2017 Shannon O'Donnell Comments Off on Where to Celebrate Valentine’s Day in Philly

So, Valentine's Day is tomorrow. If you have a significant other in your life, it's the day meant to show them just how much you really care. Now, we all know that true love is about so much more than a Hallmark card and some roses, but it never hurts to make the apple of your eye feel special. In Philadelphia there are plenty of places for you to wine and dine your sweetheart in style. Read on to find...Read More

Just Sold: 1903 W Diamond St, Philadelphia, PA 19121

February 10th, 2017 Frank L. DeFazio Comments Off on Just Sold: 1903 W Diamond St, Philadelphia, PA 19121

Just Sold: $327,500 Check out this multi-unit property located just blocks from Temple University Campus. Each unit in this triplex has 3 bedrooms and 1 bathroom. Each unit is separately metered. A true turnkey investment that offers tremendous value. Frank L. DeFazio CenterCityTeam Founder and Chief Executive Officer Berkshire Hathaway Fox & Roach Realtors 530 Walnut Street, Suite 480 Philadelphia, PA 19106 215.521.1623  Direct 610.636.4364 Cellular 888.308.1148  Fax Frank@CenterCityTeam.com www.CenterCityTeam.com PA License # RS299840 Over $80 million and 163 homes sold in 2016! CenterCityTeam Awards 2016, 2015, 2014 “America’s Best Real Estate Agents” -...Read More

New Ping Pong Joint Coming to Philly

February 10th, 2017 Shannon O'Donnell Comments Off on New Ping Pong Joint Coming to Philly

First it was the axe-throwing place, now ping pong. You really can do anything for fun in Philadelphia. News broke recently that SPiN, "The Original Ping Pong Social Club," will be opening a Philadelphia location this July. It's unlikely that the City of Brotherly Love will know what hit it. You might be thinking... why ping pong? Isn't that a geeky pastime enjoyed by the likes of Forrest Gump and really intense Asian dudes? To that, I say... have you tried...Read More