Morning Headlines: Dranoff Encourages New Schuylkill Corridor Development

Photograph by Jeff Fusco

Photograph by Jeff Fusco

Carl Dranoff was present at yesterday’s Urban Land Institute meeting, where real estate professionals gathered to address current and future plans for the flourishing Schuylkill River area connecting Center City and University City.

The Dranoff Properties president held up Boston’s MIT as an example of a higher education campus with a significant private sector (thanks to their research facility) and encouraged something akin to this in Philadelphia. From NewsWorks:

“He [Dranoff] pointed out that Philly needs to attract new jobs and research facilities and new start-ups, instead of just shifting around the current players.

“Up to now we’ve attracted too few new jobs. I hope that changes,” he said. “But new exciting plans, more modern facilities — that will attract new companies. And I hope that begets new housing and new retail.”

On that note, it seems the Pennovation Center appears to be on the road to doing just that.

Bigger plans for developing both sides of Schuylkill [NewsWorks]

In the meantime, more news this way…

Market-rate lofts proposed for Sepviva Street [Northeast Times]

The dangers of gentrification [AxisPhilly]

Here’s a map of properties up for sheriff’s sale this month [ Philly]

300-bed homeless facility proposed for Lumberton []

Seventeen Homes Will Go Up on Lawrence Street [Naked Philly]