Universal's Real Estate

Universal’s Real Estate Development Division has completed more than 1,500 units of afford housing, commercial, retail, public education facilities and theaters. Working with community residents, Universal has created several neighborhood master plans that guide our development activity over an extended period of time. To implement the plan Universal has successfully solicited and secured private and public funding. Not only does Universal plan and finance these projects, but we oversee the construction and management of these projects.

Osun Village

777 South Broad Street

Nicetown Court I

Nicetown Court II

Cross & Greenwich Street

Schuylkill Falls Revitalization

Catton School/Boys & Girls Club

Symphony House

New Development: The Royal Theater

The Royal Theater is a building originally constructed in 1919 as the premier movie house for the City of Philadelphia’s African American community.  The theater has been vacant and unused for about 40 years.  In 2000, Universal was asked to acquire the theater and include it in its redevelopment planning for the neighborhood. In 2008 Universal began to look at alternatives to purely commercial and cultural uses for the theater and arrived at the current plan.   Our plan calls for Market rate rental housing with off street parking that reflects the current trend in the neighborhood.  The portion of the property fronting on South Street would be rehabilitated into commercial/retail space.