Center City Real Estate Developments

Center City Philadelphia continues to demonstrate its robust growth trajectory with 66 major development projects either completed, under construction, or in planning stages.

The just-released 2025 Center City Real Estate Development Report provides images and key details for these projects, which span from Girard Avenue to Tasker Street, river to river.

Key Takeaways:

• Residential Boom: 43 of 53 completed and under-construction projects include residential components, with over 3,000 units completed and 4,000 more under construction. An additional 2,000 units are in the proposal stage.
• Commercial Growth: More than 805,000 square feet of new commercial space and 522,097 square feet of retail space are being added to the downtown landscape.
• Market East Transformation: Major announcements regarding Macy's departure from the historic Wanamaker Building and the dissolution of the 76 Place arena proposal are catalyzing new plans for the corridor's revitalization.
   

In addition to providing the most up-to-date documentation of currently proposed, under construction and recently completed projects, the report also notes five key development trends in Center City’s real estate landscape: 

• State of Change on Market Street
• Leading in Adaptive Reuse
• Arts and Culture Evolution
• Retail Renaissance
• Population Growth
   

To learn more about these development trends, and to view and download the full report, visit Center City Real Estate Development, January 2025.
 

Interactive Developments Map

The map below allows you to sort Center City development projects that were just completed, under construction or still in the design or proposal phase.

If you manage a development in Center City Philadelphia or one that is included on the map below,  please contact us with any updates at- developments@centercityphila.org.

Marquee photo provided by Parkway Corporation.