redevelopment

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 […]

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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 […]

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North Philadelphia Neighborhoods on the Edge of the City’s Redevelopment Boom

October 18, 2019 / Comments Off on North Philadelphia Neighborhoods on the Edge of the City’s Redevelopment Boom

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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A Snapshot of University City and Future Expectations

August 2, 2019 / Comments Off on A Snapshot of University City and Future Expectations

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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The Economics of Reinvention

June 8, 2018 / Comments Off on The Economics of Reinvention

Losing a major employer can be devastating for any city and a more significant challenge when it impacts multiple communities. Such is the case with Fort Monmouth, the former military fort that spans across the towns of Oceanport, Tinton Falls and Eatontown, NJ.  All of which have a population of less than 20,000 and only […]

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