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South Philadelphia real estate news

I'm Jarrell James, a REALTOR with KW Empower. Every week on ReLLestate I go through the region's real estate news. This page is everything from those episodes about South Philadelphia, newest first.

What's been reported

  1. One South Broad in Center City is 46% occupied after Inizio left 43,500 square feet, and the special servicer is looking for a broker to sell it, according to Bisnow.

    , Episode 64

  2. A two bedroom rowhouse in Graduate Hospital listed for $485,000.

    , Episode 58

  3. A 614 unit residential complex at the Navy Yard delivered in March and is 40% leased, with restaurant tenants signed.

    , Episode 57

  4. Renderings are out for the new South Philadelphia arena. Construction starts next year, with a 2030 opening for the Sixers, the Flyers and a new WNBA team.

    , Episode 57

  5. A South Philadelphia buyer used an $11,000 loan from her 401(k) as the down payment on a rowhouse she called a total dump, then renovated it.

    , Episode 55

  6. Three friends bought a South Philadelphia garage together, and a Strawberry Mansion church is being converted to residential units.

    , Episode 52

  7. The anchor is a 95,000 square foot submarine manufacturing facility at the Navy Yard by Roads Industries, projected to create 450 jobs.

    , Episode 51

  8. A three bedroom brick rowhouse in Graduate Hospital listed for $675,000.

    , Episode 50

  9. Trader Joe's signed a lease at 1505 to 1525 S. Columbus Blvd. in Pennsport, its first Philadelphia store outside Center City. Delivery is expected in the second half of 2027.

    , Episode 49

  10. Vacant lab space is sitting in University City, at the Navy Yard and in Center City, and developers are rethinking those buildings.

    , Episode 48

  11. Redevelopment of the former University of the Arts building on South Broad Street is on hold while the owners look for anchor tenants.

    , Episode 47

  12. Urbn, the parent of Urban Outfitters, announced a $150 million expansion: a 975,000 square foot Nuuly facility in Falls Township, Bucks County, with at least 600 jobs, plus at least 450 jobs at its Navy Yard headquarters.

    , Episode 46

  13. Permits were issued for a 24 unit mixed use building at 900 to 908 McKean Street in South Philadelphia.

    , Episode 44

  14. TerraPower Isotopes chose the Bellwether District in South Philadelphia for a $450 million, 250,000 square foot facility to make cancer treatments. It is expected to create 225 full time jobs.

    , Episode 41

  15. A proposed 1,367 unit development near 700 Packer Avenue in the South Philadelphia stadium district appears dead. The developer Hines left the project and City Council moved to repeal its zoning.

    , Episode 37

  16. One South Broad in Center City faced a foreclosure complaint, owing $35 million on a $46.5 million loan, with the tower 60% occupied, Bisnow reported.

    , Episode 29

  17. Brevet Capital presented a 380 foot, 620 unit tower at 1341 S. Christopher Columbus Blvd. to the Pennsport Civic Association.

    , Episode 27

  18. The fastest selling ZIP codes in the region included Newtown (19067) and West Chester (19382), with Manayunk and Roxborough (19128) and Graduate Hospital (19146) close behind.

    , Episode 26

  19. Prologis listed the 345,000 square foot Tastykake bakery at the Navy Yard for sale, with 10 years left on the lease.

    , Episode 24

  20. A seven story, 84 unit building is planned at 914 South Broad Street.

    , Episode 22

  21. A four bedroom Pennsport townhome with more than five years of tax abatement remaining listed for $735,000.

    , Episode 19

  22. Hanwha, the South Korean shipbuilder, is laying the groundwork for a major expansion at the Navy Yard.

    , Episode 10

  23. The 1,200 acre Philadelphia Navy Yard became the largest LEED Neighborhood Development Gold certified project in the United States.

    , Episode 6

  24. Building A of Innovator Village, with 28 apartments, was completed at 2401 Washington Avenue.

    , ReLLestate Episode 4: Suburban Sizzle & City Stacks

Prices, counts and percentages are what was reported the week each episode ran. They are news about the area, not a valuation of any one property.

Questions about South Philadelphia

What is happening with One South Broad?

The tower across from City Hall is 46% occupied. Special servicer Rialto Capital is seeking a broker to sell it, and the borrower owes $34.8 million on a $46.5 million loan from 2012, according to Bisnow. From Episode 64, November 9, 2026

Which Philadelphia neighborhoods are in the draft Opportunity Zones 2.0 map?

The draft adds four tracts in Southwest Philadelphia along Woodland Avenue between 46th and 65th streets, keeps a smaller North Philadelphia cluster near Broad Street and Temple, and keeps Gray's Ferry and Point Breeze in South Philadelphia. Fishtown, Kensington and Brewerytown were in the first program and are not in this draft. Upper Darby and Millbourne are newly included. From Episode 62, October 27, 2026

When will the new Sixers and Flyers arena open?

The new South Philadelphia arena is scheduled to open in 2030, with construction starting next year. It will be home to the Sixers, the Flyers and a new WNBA team. From Episode 57, September 14, 2026

What is JPMorgan funding at the Philadelphia Navy Yard?

A $24 million package for shipbuilding and maritime manufacturing. It includes $13 million in new markets tax credit equity toward a 95,000 square foot submarine manufacturing facility by Roads Industries, a $5 million loan and $1.5 million grant to PIDC Community Capital, and $4.4 million in workforce training grants. From Episode 51, July 20, 2026

How many jobs will the Navy Yard submarine facility create?

The Roads Industries facility is projected to create 450 jobs. From Episode 51, July 20, 2026

Where is the new Trader Joe's in South Philadelphia?

At 1505 to 1525 S. Columbus Blvd. in Pennsport. Ocean Block Capital bought the 4 acre site for $7.5 million and is developing a retail center of 35,000 to 50,000 square feet, with delivery expected in the second half of 2027. From Episode 49, July 6, 2026

Is there too much lab space in Philadelphia?

Yes, according to Philadelphia Business Journal reporting covered in this episode. Vacant lab and research space is sitting in University City, at the Navy Yard and in parts of Center City, and developers are looking at conversions. From Episode 48, June 29, 2026

What is Wharton Piers?

A planned mixed use development on the Delaware River in South Philadelphia. The first phase is a 36 story tower with 620 apartments and 31,000 square feet of retail at 1341 S. Christopher Columbus Blvd. Brevet Capital secured a $150 million construction loan, with construction slated for early 2027 and delivery in 2029. From Episode 38, March 2, 2026

Buying or selling in South Philadelphia?

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Episodes that covered South Philadelphia

More areas: Center City, Fishtown and Kensington, Roxborough and Manayunk, Chestnut Hill and Mount Airy, West Philadelphia, North Philadelphia, Northeast Philadelphia. See all.