redevelopment
Established within New Jersey’s Economic Recovery Act of 2020, and operated by the New Jersey Economic Development Authority (NJEDA), the Aspire Program is a gap financing tax credit program that supports strategic commercial, mixed use, and residential real estate development projects. ESI provides analytical and advisory services assistance to clients who are interested in seeking […]
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As part of ESI’s year-long celebration of turning ten, we are looking back on some of our projects over the years. For the month of March, we showcase 10 projects from our real estate practice. Real estate encompasses affordable housing, transit oriented or adjacent development, open space and the environment, and other related concepts. 1. Market […]
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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 […]
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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 […]
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If you’ve been following our Philadelphia Housing Index (PHI) posts, you may have noticed one neighborhood we have not spent a lot of time talking about has been Brewerytown. But in the last 2 years, this neighborhood has seen a significant rise in its PHI and growth in the home sales activity that it’s worth […]
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Recently, there has been a large amount of construction activity in and around Philadelphia. In the University City neighborhood in particular, huge real estate investments are being made. ESI has been carefully monitoring all real estate activity in the Greater Philadelphia area, and has used that data to create a visualization on Tableau. You can […]
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