Tuesday, June 30, 2015

Proposal for townhouses in Montco is considered



NORTH WALES Officials in North Wales are weighing a proposal to build townhouses on the site of an 1890s-era inn.

The historic building at the corner of Fifth and Walnut Streets was opened as the Colonial Inn. It most recently held McKeever's Tavern, which closed in 2014 after 28 years.

Liberty Property Trust is set to break ground on a 94,000-square-foot office building at the Navy Yard.



Liberty Property Trust is set to break ground Tuesday on a 94,000-square-foot office building at the Navy Yard designed by the architect behind Two World Trade Center, a plan that is among the developer's boldest bets yet on the sprawling business center.

The building at 1200 Intrepid Ave., fronting a five-acre park by the designer of the High Line in New York, would contain the most office space that Liberty has started at the South Philadelphia complex without a tenant in place.

The decision to begin work speculatively on the $35 million building, designed by Bjarke Ingels Group, is a signal of Liberty's confidence in the Navy Yard, where the company's 1.3 million square feet of office and light-industrial space are nearly 100 percent leased to companies from GlaxoSmithKline to Tasty Baking Co.