real estate

The Potential Economic Impact of the Redevelopment of the PES Refinery

January 5, 2022 / Comments Off on The Potential Economic Impact of the Redevelopment of the PES Refinery

Project Background The Philadelphia Energy Solutions (PES) refinery in south Philadelphia had fallen to disuse. Hilco Redevelopment Partners developed plans for redevelopment of the brownfield, and enlisted Econsult Solutions to conduct an economic impact analysis of their projected reuse of the land for a mixed-use e-commerce and logistics center park. Repurposing the land is of […]

Read More

Market Analysis of Phase 3 of the Sharswood Blumberg Housing Redevelopment

December 1, 2021 / Comments Off on Market Analysis of Phase 3 of the Sharswood Blumberg Housing Redevelopment

The Philadelphia Housing Authority (PHA) and Hunt-Pennrose Sharswood, LLC  are redeveloping housing units in the Sharswood Choice Neighborhood of Philadelphia. Phase 3 of the multi-year redevelopment project brings 217 safe, high quality, affordable housing units to a neighborhood with conveniences and access to public transit. As part of the redevelopment process, Hunt-Pennrose Sharswood, LLC retained […]

Read More

Permitting for New Construction Strong in Kensington and Point Breeze During the Pandemic

May 7, 2021 / Comments Off on Permitting for New Construction Strong in Kensington and Point Breeze During the Pandemic

For this month’s Philadelphia Housing Index (PHI) blog post, we took a look at new construction permit data from Philadelphia’s Department of Licenses and Inspection to see how Philadelphia’s development pipeline performed during the COVID-19 pandemic and which neighborhoods showed the most construction permitting activity in the past year. We filtered the data to examine […]

Read More

ESI Experts Weigh in on the Future of Philadelphia’s Housing Market

February 5, 2021 / Comments Off on ESI Experts Weigh in on the Future of Philadelphia’s Housing Market

As the global pandemic challenged the world order and the US economy suffered its biggest blow since the Great Depression in Q2 2020, the housing market in the US and in Philadelphia briefly experienced a decline in spring due to the stay-at-home orders. After strong housing index growth through February 2020, the Philadelphia Housing Index […]

Read More

Top 10 Present Value Posts of 2020

December 18, 2020 / Comments Off on Top 10 Present Value Posts of 2020

As we come to the end of this unprecedented year, we reflected on ESI’s most viewed blog posts of the year. Topics span from cybersecurity, real estate, transportation, and of course the most talked about topic this year: COVID-19. We send big thanks to everyone that contributed to our blog, Present Value, in 2020. We […]

Read More

Philadelphia Housing Prices are Going Strong while Sales Volume is Low Amid the Pandemic

December 4, 2020 / Comments Off on Philadelphia Housing Prices are Going Strong while Sales Volume is Low Amid the Pandemic

In our last Philadelphia Housing Index (PHI) Present Value blog post, we took a look at the trend of this year’s housing market since the pandemic started. Our analysis showed that the housing market peaked in April likely because transactions that took place in that month had been in process before much of the economy […]

Read More