One of University Realty's existing properties at 3337 Spring Garden Street. Photo courtesy University Realty.
A few years ago, Todd Potter says he realized there was a big void in the Philadelphia real estate market. Students looking to live off-campus had two options, he said. There was university-sponsored housing or local landlords renting out the same old properties. Four years later, his University Realty is expanding further into Powelton Village at about a 100% occupancy rate.
An interior shot of the Marketplace Design Center by MikeWebkist via Flickr.
We’ve heard from multiple sources that developer Bart Blatstein is trying to finance the purchase of the Marketplace Design Center, best known as the sprawling interior design center at 24th and Market that has 40 showrooms in more than 350,000 square feet. In actuality, the property for sale also includes an attached six-story building on 23rd Street, whose tenants include the Philadelphia Housing Authority’s Human Resources office and the nonprofit MANNA.
In total, the buildings represent more than 470,000 square feet of space. Reports of the price tag have ranged from $40 to $50 million.
Actually, we can’t really tell what the boxer shorts are covering. The first thought was a lamp, but then, there’s a lamp right next to them. So what else would a young male want to hide quickly when a landlord pops in to take some photos? The other possibility is that the young man believes this is appropriate boxer storage, and looking around at his room, that doesn’t seem far-fetched.
Papadakis Integrated Sciences Building, one of Drexel's new architectural jewels.
Drexel professor Kathleen Volk-Miller, who heads up the Painted Bride Quarterly literary magazine and brought the international Literary Death Match to Philadelphia (the only city where attendees whooped and a fully costumed Mummer served as a judge), has a bone to pick with her employer’s development success.