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  • Retail
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  • Residential
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    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

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    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

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    New York trial to set Trump damages after judge finds real estate fraud

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  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

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    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

    What $250M Brickell Office Sale Means

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    Dubai property: Office rents, occupancy levels to go up in near term – News

    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

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    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Public hearings Monday on Clarkesville budget, millage rate

    Public hearings Monday on Clarkesville budget, millage rate

    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

    Restaurant Real Estate: October 2023

    Restaurant Real Estate: October 2023

  • Hotel
    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

    Chameleone, Bebe Cool too old for music battles, opines Tuff B

    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
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    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

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    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

  • Selling a Home
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    James Packer mansion: Billionaire selling LA home for $132 million – 9News

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    Liam McCallum family sell up home and take memories of their miracle boy with them

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    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

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  • Home
  • News
    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

    Cavalry Barracks developer goes into administration | News

    Cavalry Barracks developer goes into administration | News

    Warehouse supply in Poland hits all-time high | Property Forum

    Warehouse supply in Poland hits all-time high | Property Forum

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    Back at peak levels: House prices rebound after a rapid decline

  • Retail
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    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

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    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

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    BPF calls for empty rates relief extension | Features and analysis

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    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

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    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

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    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

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    3 Stocks Whose Dividends Look Safe Right Now

  • Residential
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    Construction to renovate Archer School into affordable housing ramps up

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    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

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    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

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    New York trial to set Trump damages after judge finds real estate fraud

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    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

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    Taking a closer look | News, Sports, Jobs

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    Severe crash coming for US office properties, investors say

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    What $250M Brickell Office Sale Means

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    Dubai property: Office rents, occupancy levels to go up in near term – News

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    DA’s office investigating Michael Baxter & Associates

  • Industrial
    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

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    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

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    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Public hearings Monday on Clarkesville budget, millage rate

    Public hearings Monday on Clarkesville budget, millage rate

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    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

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    Restaurant Real Estate: October 2023

  • Hotel
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    Council hears more on Oasis sports complex

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    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

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    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

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    Paving the Way for Sustainable African Development

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    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

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    Bexhill and Hastings among towns set to receive £20 million of long term investment

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    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

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    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
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    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

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    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

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    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

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    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

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    How to buy a video doorbell

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

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    Most expensive villages to buy a home in Suffolk revealed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

  • Selling a Home
    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

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    Grandmother scammed out of $750,000

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    Home battery owners earned up to £26 in trial for selling power to the grid

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    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

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    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

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Coatesville revitalization projects inches closer to reality; 350 new jobs to be created – Daily Local

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2022-07-26
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Coatesville revitalization projects inches closer to reality; 350 new jobs to be created – Daily Local
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COATESVILLE—Millions of dollars in state funding will help pave the way for construction of a $65 million mixed-use commercial and entertainment development project in Coatesville, bringing new jobs and economic opportunity to city residents, said state and local leaders at a recent press conference.

The funds, including a $3.6 million state grant and a $5.4 million loan, will support IDG Development’s plans to develop the National Sports and Events Center (NSEC), on an approximately 25-acre site known as the Flats located at the city’s gateway. The project is expected to result in about 350 new jobs, including 100 permanent jobs. In addition, it is projected to drive $18.5 million annually in new direct spending after three years of operation.

“This is an opportunity for jobs, economic investment, and business growth for all Coatesville residents,” State Senator Carolyn Comitta said. “Coatesville’s revitalization has been a long time coming and we still have a way to go. As our progress continues, we must continue to work to ensure that Coatesville residents, businesses, and families are prepared to seize the opportunities that come with revitalization projects like this.”

“The idea that Coatesville is rising is now a reality,” state Rep. Dan Williams said. “This project is something much bigger than a building – it represents the reaffirmation of the City of Coatesville’s value and an investment in people as well as place. It is a continuation of our work toward sustained economic growth that provides for the flourishing and well-being of Coatesville and the surrounding municipalities.”

In highlighting the project’s economic impact, Comitta and Williams were joined by Chester County Commissioner’s Chair Marian Moskowitz; Coatesville City Manager James Logan; Coatesville City Council President Linda Lavender-Norris; Coatesville City Councilman Ed Simpson; Crosby Wood, Project Manager and Managing Partner IDG Development; Sonia Huntzinger, Executive Director of the Coatesville 2nd Century Alliance; and Michael Grigalonis, Chief Operating Officer and Executive Vice President of the Chester County Economic Development Council.

“This is a major foundational step that will add a lot of momentum to Coatesville’s economic growth and that will repurpose an area in the heart of the city that holds historic importance,” Moskowitz said. “The state funding underpins the site work necessary for the National Sports and Events Center and all that is planned to go with it for the next phase.”

She also highlighted that, in addition to benefiting the city and the people of Coatesville, the project would attract tourism dollars to Chester County by bringing mainstream and high-profile sporting events.

The NSEC would house the first indoor velodrome on the East Coast, offering bicycle track racing, training and development for local, Olympic, and world-class caliber athletes. The 245,000-square-foot project includes, in part,  a 2500-seat arena, 12,000 square feet of supportive retail space, 8,000 square feet for a sports medicine provider, and a 10,000-square-foot sports performance facility. A hotel conference center is also planned to be constructed adjacent to the NSEC facility.

The project is being developed by IDG Development, a Coatesville-based joint venture led by New Heritage Properties of Coatesville. IDG’s principals are Rick Mayer of Guilford, CT and Crosby Wood, Patrick Kinzeler and David Chauner of Chester County.

“The state grant funding and loan are critical for galvanizing this project, and we appreciate the collaborative ‘all-hands-on-deck’ efforts by the Coatesville community and leadership members from the City, County and State,” said Crosby Wood, Project Manager and Managing Partner of IDG Development.

Wood noted that the center would also offer opportunities for youth programs through a partnership with the Boys and Girls Club of Philadelphia.

“This grant is a major step in getting the wheels in motion for development of the National Sports and Events Center,” said David Chauner, Managing Partner IDG Development.

“The center will bring value to the City of Coatesville and the region by serving as a destination hub for exciting cycling events as well as family entertainment, community events, and youth development.”

Last year, Coatesville City Council approved the sale of the Flats, the city’s largest parcel. Previously home to the G.O. Carlson Steel Company plant, the Flats had been eyed for development for years.

City Councilman Ed Simpson, representing the First Ward where the site is located, personally thanked Wood and praised the development team and members of the Coatesville Redevelopment Authority for their determination in supporting the project.

“Persistence and perseverance and this team never giving up is the reason we’re here today making Coatesville a better place,” he said.

City Council President Linda Lavender-Norris credited the spirit of unity, cooperation, and collaboration that continues to guide the city’s revitalization vision, efforts, and focus.

“We are one. We work together,” she said. “I love that fact that everybody locks arms. This is the only way that we could be at this point in our journey and working together makes all the difference.”



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