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In this part of the series on “zoning” bonuses in the city of Philadelphia, we explore Floor Area Bonuses provided under the Mixed Incoming Housing, Green Building, and Underground Accessory Parking & Loading Bonuses.
The first part of this series on “zoning” bonuses in the city of Philadelphia looked at the Mixed Income Housing, Green Roof and Fresh Food Market Bonuses (see, “Density and Dimensional Bonuses Allowed for Mixed-Used Properties Under the Philadelphia Zoning Code,” CLLS October 2020). In Part Two, we explore Floor Area Bonuses provided under the Mixed Incoming Housing, Green Building, and Underground Accessory Parking & Loading Bonuses, which are available, in whole or in part, to properties with a zoning classification of CMX-3, CMX-3 within the Transit-Oriented Development Overlay (TOD), or CMX-4.
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By Scott R. Lippert and Darcy Baboulis-Gyscek
Only a handful cases have addressed force majeure clauses in commercial real estate agreements in the wake of the pandemic, which has produced conflicting views as to whether performance was excused.
By David Samole
There have been plenty of cases during the pandemic that shape the landlord-commercial tenant dynamic both in Chapter 11 bankruptcies and in workouts.
By Aron Solomon
By moving away from demand for traditional offices and office space, employers will be able to select from a much broader range of talent and a much greater geographical range of places to find and use these employees.
By Erika Morphy
Underwriting clearly has been affected by the pandemic-led downturn. Lenders are using higher vacancies and reserves to underwrite, leading to more conservative loan proceeds.