PHILADELPHIA | Broad + Pine | 202 FT | 15 FLOORS

[PHLtoNYC]

Been a while, small update within an article. Is this finally moving forward?

Why is it so hard to build family-sized apartments in Philadelphia?
https://www.inquirer.com/real-estate/hou...amily-housing-philadelphia-20231023.html

Other developers say the idea there isn’t demand among higher income Philadelphians is antiquated. In submarkets like Northern Liberties or parts of Center City, there is an appetite for apartments for families. That’s why Dranoff is planning two- and three-bedroom apartments at Broad and Pine Streets.

“People rent because they can make temporary decisions and bide their time, but they can’t fit into a one-bedroom apartment,” Dranoff said. “So I think there’s going to be more of a trend to have larger apartments.”