>last week, the business advocacy group for Jewelers Row learned that Toll Brothers is abandoning its plans and selling the vacant lot to Pearl Properties, a Philadelphia-based developer and rental company that owns many historic residential buildings.
>
>“Jim Pearlstein, who is the president of Pearl Properties, reached out to me directly” to say they had acquired the site, said Rich Goldberg, president of the Jewelers Row District.
>
>Goldberg said that Pearl Properties does not have exact plans yet, but that construction could begin as early as mid-2023.
>
>Neither Pearl Properties nor Toll Brothers would comment.