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-   -   PHILADELPHIA | 2400 Market | 305 FT | 20 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=214804)

summersm343 Dec 17, 2014 3:23 PM

PHILADELPHIA | 2400 Market | 305 FT | 20 FLOORS
 
Title: 2400 Market
Project: luxury apartments, office space, retail, green space/promenade
Architect: Varenhorst and Gensler
Developer: PMC Property Group
Location: 2400 Market St., Philadelphia, PA
Neighborhood: Penn Center
District: Center City Philadelphia
Floors: 20
Height: 305 feet

Quote:

The combined program, which includes approximately 350 luxury apartments, residential amenities, office space, retail space, a hotel, restaurants, telecommunications infrastructure, and extensive ground level and riverfront improvements totaling just under a million square feet of leasable space.
https://scontent-iad3-1.xx.fbcdn.net...83&oe=57E1DD90

https://scontent-iad3-1.xx.fbcdn.net...49&oe=57DB6FAE

https://scontent-iad3-1.xx.fbcdn.net...8c&oe=57D2BD08

https://scontent-iad3-1.xx.fbcdn.net...f4&oe=57E42D91

https://scontent-iad3-1.xx.fbcdn.net...6e&oe=579DADF1

https://scontent-iad3-1.xx.fbcdn.net...8a&oe=57DAA2C6

http://www.varenhorst.com/work/project/2400_market
Quote:

Jonathan Stavin, the Executive Vice President for PMC Property Group, also gave a presentation on PMC's plans for the Marketplace Design Center property at 2400 Market St.

PMC is planning a million square foot development for the site (yes, the whale mural is going away), about equivalent in space to 2 Liberty Place.

Likening the west Market St. corridor, and 2400 Market in particular, to a "hole in the donut" of a revitalizing Center City and University City, Stavin announced PMC's plans for 300 apartments, a 150-key hotel, 200,000 square feet of office space, 120,000 square feet of design center (already there, but being relocated and compressed onto two floors), an unspecified number of parking spaces, and first floor retail promenade akin to what Paul Levy and CCD proposed back in 2007.

Stavin explained that the railroad presents a challenge for the immediate area right behind Schuylkill River Park, so PMC thinks the right place for retail is up at the street level. They feel there are enough connections to get people down to the river, but "crossing between Market and Chestnut continues to be a challenge."

Gensler is in charge of conceptualizing the building. Currently they're envisioning Market St. as the entrance for the office tenants. The office floors will start on the 4th floor of the existing building - a 60,000 square foot footprint - and will house "a new tenant to the Philadelphia marketplace with an exciting concept already working in New York, Chicago, and Los Angeles."

Then they'll construct a 5th and 6th floor of office space targeting a slightly lower price point to market to newer businesses. Floors seven through nineteen will house the 300 apartments.
http://planphilly.com/articles/2014/...become-reality
http://www.philly.com/philly/busines...community.html
http://www.centercityphila.org/docs/...CPDC121614.pdf

Jawnadelphia Dec 17, 2014 3:27 PM

Thank you, summers! :tup:

McBane Dec 17, 2014 6:00 PM

I appreciate the horizontal diversity of the massing (i.e., not flat), but this would look much better if each of the three "wings" were of various heights or if maybe the middle "wing" had another 10 floors.

Late1 Dec 17, 2014 6:19 PM

Agree with the need for varying heights - although I'd prefer they go a step further and just cut out the middle part (above any street-level retail) and stack that square footage on a north tower and a south tower (2 towers total of different heights and different but complementing designs.) The gap between the 2 towers could be a green/public/park space.

The wall-like massing of this proposal is very poor.

McBane Dec 17, 2014 8:35 PM

^ Touche! An even better idea that nets additional height while breaking up the building along the waterfront. I like it!

DIESELPOLO Dec 17, 2014 8:46 PM

Nice first draft. Keep going with this.

summersm343 Dec 18, 2014 3:03 PM

Article from PhillyMag on the project.
http://www.phillymag.com/property/20...el-apartments/

Frontst17 Dec 18, 2014 3:17 PM

I think this would actually be a cool spot for a street level entertainment spot maybe a movie theatre or something with a bar or two and outdoor elements or something like a D&B. Along those lines at least. You can tap into the waterfront, penn and Drexel and the growing CC residential. Then the residential on top. Never gonna happen though ha

summersm343 May 7, 2015 5:33 PM

Quote:

The 15 tenants that make up the Marketplace Design Center are seeking about 80,000 square feet (SF) for a new home rather than remain in the building during its transformation into a mixed-use development by new owners Lubert-Adler and PMC Property Group
http://www.centercityphila.org/press...news050515.php

summersm343 Sep 11, 2015 12:44 AM

Marketplace Design Center picks new home at East Market project

Most important part in bold below:

Quote:

The Marketplace Design Center has found a new home in Center City.

The group of designers and showrooms comprising the well-known design center has signed a lease on 48,000 square feet to move into 34 S. 11th St. – the former family court building that is under redevelopment by National Real Estate Development and SSH Real Estate.

This is the building’s first corporate tenant. With the tenant secured, the developers also arranged a $38.5 million construction loan from Wells Fargo to move forward with the project called East Market.

Some of the design center tenants have worked out of 2400 Market St., where they are currently located, for 40 years and had been in search of new space for a while. That property is scheduled to be redeveloped by Lubert-Adler and PMC Property Group.
http://www.bizjournals.com/philadelp...rket-11th.html

Insoluble Sep 11, 2015 12:52 PM

Quote:

Originally Posted by summersm343 (Post 7159742)
Marketplace Design Center picks new home at East Market project

This is really great on so many levels. It's great that the Marketplace Design Center is staying in center city. It's also great that the new office space in the Market East development is getting leased up. That bodes well for future office phases of that development. The fact that the 2400 Market still appears to be in the works is the icing on the cake.

boxbot Sep 11, 2015 4:29 PM

From the links Summers provided:

http://i.imgur.com/4EawB1k.png
http://i.imgur.com/oAcLAXP.jpg

wondertwinalpha Nov 4, 2015 6:28 PM

The sign for the Market Place Design Center is up with a completion of winter 2017.

https://farm6.staticflickr.com/5712/...cc6d7561_b.jpg

1487 Nov 4, 2015 6:37 PM

totally forgot about this one. PMC is on the move.

Kidphilly Nov 4, 2015 7:51 PM

Anyone have more details on this. Also what is the linkage of Market and Chestnut, will there be a new pedestrianway or road, alos anyone have a clue on the retail or types proposed

forgot about this one myself

Knight Hospitaller Nov 4, 2015 8:15 PM

I'm dying to see a rendering.

iheartphilly Nov 4, 2015 8:18 PM

Quote:

Originally Posted by Knight Hospitaller (Post 7223193)
I'm dying to see a rendering.

Shouldn't there be a proposal somewhere on philly.gov including the renderings?:uhh:

Knight Hospitaller Nov 4, 2015 8:24 PM

Quote:

Originally Posted by iheartphilly (Post 7223196)
Shouldn't there be a proposal somewhere on philly.gov including the renderings?:uhh:

I'm sure that someone more knowledgable than me will be able to find something, but the massing study is all I've ever seen.

BenKatzPhillytoParis Nov 4, 2015 8:30 PM

Doesn't the permit there have more detailed info? Can someone just take a more zoomed in picture of the permit itself at least so we have height etc.?

cubanChris Nov 4, 2015 9:17 PM

Pearl's Broad and Locust project sign has been up for a while without renderings or other supporting detail. Save for Summmers seeing it and cluing us in to the basics that would be a similar mystery. At least we know details are around the corner though.

1487 Nov 4, 2015 9:32 PM

im wondering why this didnt have to get a CDR hearing. I know there are certain thresholds in terms of size and number of units that trigger a review. I'm not sure why this doesnt qualify. It could be that they haven't submitted an application for the actual building permit yet.

Aaamazarite Nov 4, 2015 9:38 PM

Here's a permit from April for this project. They're going with Varenhorst again for the design just like they did for 2040 Market and 1900 Arch

Permit Number

568154

Application Type

ZONING/USE PERMIT

Permit Type

Z/U-ADDITION

Status

COMPLETED

Date Issued

December 29, 2014

Last Updated

April 10, 2015

Work Description

FOR THE CONDITIONAL APPROVAL OF THE LOT ADJUSTMENT TO CREATE ONE (1) LOT FROM TWO (2) EXISTING LOTS (2402-14 MARKET STREET AND 2330 MARKET STREET). SIZE AND LOCATION AS SHOWN ON PLANS/APPLICATION. FOR THE ERECTION OF AN ADDITION TO THE EXISTING SEMI-DETACHED STRUCTURE WITH ROOF DECKS AT THE 5TH, 7TH, 8TH, 9TH, 11TH, AND 19TH LEVELS. STRUCTURE TO UTILIZE PUBLIC ART, PUBLIC SPACE AND MIXED INCOME HOUSING FLOOR AREA BONUSES. ALL REQUIRED AGREEMENTS AND DOCUMENTATION TO BE SUBMITTED BEFORE FINAL PERMIT ISSUANCE. ENTIRE STRUCTURE TO BE CONSTRUCTED IN COMPLIANCE WITH THE REGULATION OF THE SPECIAL FLOOD HAZARD AREA (§14-704(4)(C)(.2)). SIZE AND LOCATION AS SHOWN ON PLANS/APPLICATION.

Contact Information
STEPHEN VARENHORST ARCHITECTS
STEPHEN VARENHORST
230 N 21ST ST
PHILADELPHIA, PA 19103
Contact Type
DESIGN PROFESSIONAL

McBane Nov 4, 2015 9:57 PM

EDIT: I posted the same info as above but I did find this permit issued October 8 and updated on October 30:

Quote:

FOUNDATION WORK INCLUDING MICRO-PILES FOR FUTURE OVERBUILD ADDITION ABOVE AN EXISTING SIX (6) STORY STRUCTURE AS PER APPROVED PLANS. ALL WORK WITHIN EXISTING BUILDING FOOTPRINT AND ENVELOPE. *SEPARATE PERMITS REQUIRED FOR ERECTION OF ADDITION*

summersm343 Nov 5, 2015 12:10 AM

Quote:

Originally Posted by 1487 (Post 7223324)
im wondering why this didnt have to get a CDR hearing. I know there are certain thresholds in terms of size and number of units that trigger a review. I'm not sure why this doesnt qualify. It could be that they haven't submitted an application for the actual building permit yet.

This definitely has to go through CDR. It's definitely over 100,000 square feet.

wondertwinalpha Nov 5, 2015 3:12 AM

FWIW
https://farm1.staticflickr.com/574/2...2409c56e_c.jpg

Found this low quality picture in the CCD Developments 2014-2018 Report, page 25. This report was put together at the end of Q4-2014 so this may be outdated information, but thought I would share it anyway. Hopefully, new information will be released soon.

https://www.centercityphila.org/developments/index.php

iheartphilly Nov 5, 2015 3:22 AM

Quote:

Originally Posted by wondertwinalpha (Post 7223842)
FWIW
https://farm1.staticflickr.com/574/2...2409c56e_c.jpg

Found this low quality picture in the CCD Developments 2014-2018 Report, page 25. This report was put together at the end of Q4-2014 so this may be outdated information, but thought I would share it anyway. Hopefully, new information will be released soon.


https://www.centercityphila.org/developments/index.php

Let's hope they spend the money on an awesome design and back it with high quality materials.


LUBERT-ADLER AND PMC PURCHASE MARKETPLACE DESIGN CENTER
4/11/14 | Philadelphia, PA
A partnership consisting of Lubert-Adler and PMC Property Group has paid $42 million to buy 2400 Market Street, otherwise known as the Marketplace Design Center, in Philadelphia. "It will be the most exciting project Lubert-Adler has worked on in 15 years,"
Quote:

said Dean Adler of Lubert-Adler. "I think it's going to be our crowning project."


"This is really the gateway to Philadelphia," he continued, citing the property's position across from University City, 30th Street Station, near Rittenhouse Square, the Central Business District as well as near Interstate 76 and the Schuylkill Expressway. "This is one of the most ideal locations for any type of use. It is in the heart of two places that are exploding and you're at the epicenter of town.

jsbrook Nov 5, 2015 11:48 AM

Very happy to see a great mixed use project in this location, but I really dislike the massing of this vague design that we saw long ago. Especially with its positioning on the river. I hope they have improved it.

1487 Nov 5, 2015 1:22 PM

Quote:

Originally Posted by summersm343 (Post 7223575)
This definitely has to go through CDR. It's definitely over 100,000 square feet.

Thats what I thought. It probably hasn't gone for review yet because they havent' applied for the actual building permit for the addition yet. They are going for permits in a piecemeal fashion. Zoning and demo permits have been issued so far. No building permit for the additional floors.

Williard Mouse Nov 5, 2015 3:10 PM

I would hope that the plans include provisions for some restaurant/bar deck component. This would be the perfect location for some Chicago River Walk style fun.

Vince_ Nov 5, 2015 3:52 PM

Pedestrian promenade
 
PlanPhilly mentioned this 2400 Market project and a, "...promenade from Market St to Chestnut St," over a year ago with this old rendering included:

http://planphilly.com/uploads/media_....752.360.c.png

http://planphilly.com/articles/2014/...become-reality

Knight Hospitaller Nov 5, 2015 3:56 PM

^^^ While the project is going to fit within the footprint of the existing building, I'm not sure how much, if any, of it will remain. I recall reading somewhere that the whale mural depicted in the rendering was not going to survive.

Williard Mouse Nov 5, 2015 4:08 PM

Quote:

Originally Posted by Vince_ (Post 7224317)
PlanPhilly mentioned this 2400 Market project and a, "...promenade from Market St to Chestnut St," over a year ago with this old rendering included:

http://planphilly.com/uploads/media_....752.360.c.png

http://planphilly.com/articles/2014/...become-reality


Great!

boxbot Nov 5, 2015 4:10 PM

Quote:

Originally Posted by Aaamazarite (Post 7223335)
FOR THE ERECTION OF AN ADDITION TO THE EXISTING SEMI-DETACHED STRUCTURE WITH ROOF DECKS AT THE 5TH, 7TH, 8TH, 9TH, 11TH, AND 19TH LEVELS.

I didn't get that they were building on top of the existing structure, but that appears to be the case, right?

br323206 Nov 5, 2015 4:52 PM

Quote:

Originally Posted by boxbot (Post 7224347)
I didn't get that they were building on top of the existing structure, but that appears to be the case, right?

Yep, the plan is for an overbuild.

Kidphilly Nov 5, 2015 5:19 PM

Quote:

Originally Posted by Vince_ (Post 7224317)
PlanPhilly mentioned this 2400 Market project and a, "...promenade from Market St to Chestnut St," over a year ago with this old rendering included:

http://planphilly.com/uploads/media_....752.360.c.png

http://planphilly.com/articles/2014/...become-reality

with this type of promonade and the trail itself it will really change the face of the river.

If the development nrth of JFK ever comes to bear this streatch of the river will really be changed and act to further enhance the connection of CC and U City

maybe a ferry from here to the navy Yard would work as well for commuters if no BSL extension ever takes place

Knight Hospitaller Nov 5, 2015 5:26 PM

Quote:

Originally Posted by br323206 (Post 7224424)
Yep, the plan is for an overbuild.

I don't think I ever realized that until I saw the permit and the rendering that got posted recently. I'm glad to hear it, because I think the current building looks very nice on the Chestnut side (but for the lack of access to the building).

hammersklavier Nov 5, 2015 11:19 PM

2400 Market's Chestnut Street side has one of Center City's better patio locations with that deep setback. I would hope that the plan is to take advantage of it -- a beer garden overlooking the Schuylkill would be pretty cool.

mmikeyphilly Nov 5, 2015 11:38 PM

I hate dumping on this, but that rendering looks too much like 1900 Arch.

I really hope they can use quality materials, and their designs are becoming very noticeable. No imagination. They're too squared off looking.

Ok, I'm done bitchin'
Now, The beer garden, I can agree with! :cheers:

pay homage Nov 6, 2015 12:02 AM

Quote:

Originally Posted by mmikeyphilly (Post 7225081)
I hate dumping on this, but that rendering looks too much like 1900 Arch.

I really hope they can use quality materials, and their designs are becoming very noticeable. No imagination. They're too squared off looking.

Ok, I'm done bitchin'
Now, The beer garden, I can agree with! :cheers:

Don't hold your breath waiting for PMC Property Group aka Philadelphia Management Company aka the worst Philly landlord ever to use "quality materials" in any of their buildings.

I lived in one of their properties and vowed never to set foot in anything they own or build ever again.

2040 Market is already falling apart inside - go on yelp and see pictures tenants have posted.
1900 Arch looks terrible and I'm sure will be falling apart soon
One Water is meh...

If it were up to me PMC would be mandated to use any money they have to renovate/upgrade their existing derelict buildings before building anything new.

If anyone from PMC is lurking just know that your designs and materials suck and need to step your game up...

Knight Hospitaller Nov 6, 2015 5:58 AM

Quote:

Originally Posted by hammersklavier (Post 7225044)
-- a beer garden overlooking the Schuylkill would be pretty cool.

Now you're talking!

McBane Nov 6, 2015 1:21 PM

Quote:

Originally Posted by Vince_ (Post 7224317)
PlanPhilly mentioned this 2400 Market project and a, "...promenade from Market St to Chestnut St," over a year ago with this old rendering included:

http://planphilly.com/uploads/media_....752.360.c.png

http://planphilly.com/articles/2014/...become-reality

This looks awesome but honestly, where would the promenade physically go?

https://goo.gl/maps/bhpBCbsheuR2
https://goo.gl/maps/6eRNykPAkHo

I've having trouble reconciling the beautiful rendering with what actually exists there now. In front of the blue building adjacent to Market St, the building is literally right up against the train tracks. The grey building closer to Chestnut St does have some space, but it's not really long and still pretty narrow. Along Chestnut St, there is a really wide "patio" in front of the grey building that could definitely hold sidewalk seating or a beer garden. The view from there however, would be 2400 Chestnut and its parking lot.

Even without anything special built on the river side, this project offers a great opportunity to activate this end of Market and Chestnut Street. As far as the actual building is concerned, I'm in wait-and-see mode. I don't care for the width but the architect smartly breaks up the building so it's not just a single squat wide slab (like 2400 Chestnut).

Where's the design for Mandeville Place???

mmikeyphilly Nov 6, 2015 8:34 PM

Quote:

Originally Posted by pay homage (Post 7225115)
Don't hold your breath waiting for PMC Property Group aka Philadelphia Management Company aka the worst Philly landlord ever to use "quality materials" in any of their buildings.

I lived in one of their properties and vowed never to set foot in anything they own or build ever again.

2040 Market is already falling apart inside - go on yelp and see pictures tenants have posted.
1900 Arch looks terrible and I'm sure will be falling apart soon
One Water is meh...

If it were up to me PMC would be mandated to use any money they have to renovate/upgrade their existing derelict buildings before building anything new.

If anyone from PMC is lurking just know that your designs and materials suck and need to step your game up...

That is too bad. Sorry you had to go through that bad experience.
Yes, 2040 Market looks kinda meh. That was an "add-on" too. Maybe they saved a few million bucks not to excavate, and start from scratch. At least they could have made the interior more desirable. You are the first one that I have heard any feedback on their properties, but I'm not surprised or shocked hearing that.
With 2400 Market being an add-on as well, you would think if they saved that additional money on excavating, that they could at least upgrade the materials a bit. On the exterior AND the interior.
New, is not necessarily nice.
What concerns me, and it should concern others, is that they own the property where "River Walk" was originally proposed. I do hope that PMC doesn't wreck our western portion of Center City altogether.
Doesn't the planning commission keep a close eye on the results of the finished product, instead of the nice renderings?

Londonee Nov 6, 2015 9:32 PM

The fine craftsmanship of PMC properties - a SMALL snippet of a much longer Yelp blurb on 2040 Market:

Quote:

From day 1 (our move-in date), we found problems everywhere. The kitchen cabinets were on the verge of falling off, the washer literally spun 180 degrees to the point where we needed two people to physically turn the washer back to the front (it also shook the floor so much that our wine glasses broke the first 2 days...all the way in the kitchen), a busted corner in the bathroom wall, and the carpet was unfinished (with nails sticking out and poking our feet). We brought up all of these concerns from DAY 1 and took pictures as well as videos of the mess we moved into. Why it wasn't "move in ready" when there was a gap of over a month between us and the previous tenant, I have no idea. We haven't been able to wash our clothes (instead going to a laundromat to wash our hospital scrubs), and my toe has bled several times because of the nails sticking out of the floor b/c the carpet was unfinished.

BenKatzPhillytoParis Nov 7, 2015 8:50 AM

Quote:

Originally Posted by Londonee (Post 7226291)
The fine craftsmanship of PMC properties - a SMALL snippet of a much longer Yelp blurb on 2040 Market:

As others have said, this is not surprising but man—what a shame! If the market continues to be tight though, they may not have an incentive to improve.

domodeez Nov 7, 2015 5:08 PM

Quote:

Originally Posted by Vince_ (Post 7224317)
PlanPhilly mentioned this 2400 Market project and a, "...promenade from Market St to Chestnut St," over a year ago with this old rendering included:

http://planphilly.com/uploads/media_....752.360.c.png

http://planphilly.com/articles/2014/...become-reality

This rendering is from 10+ years ago when CCD commissioned a planning/design firm to propose ways to improve Center City's connectivity to the Schuylkill.

There IS supposed to be a connection between Chestnut and Market, but it won't look like this.

boxbot Nov 9, 2015 3:05 PM

I tried.

Quote:

[boxbot]:

Thank you for your interest in the project.
As soon as we are done with all of the renderings, which will be in the month or so, I will be happy to share them.

Stephen

Stephen Varenhorst, AIA
President

Philly Fan Nov 9, 2015 3:30 PM

Quote:

Originally Posted by boxbot (Post 7228733)
I tried.

Perhaps if you hadn't referred to yourself as [boxbot], he would have been more forthcoming. :P

kraggman Nov 9, 2015 7:22 PM

Quote:

Originally Posted by Philly Fan (Post 7228757)
Perhaps if you hadn't referred to yourself as [boxbot], he would have been more forthcoming. :P

Yes, Mr. Boxbot would be more appropriate. :D

Urbanthusiat Jan 27, 2016 12:00 AM

My class had a guest lecturer today who works at commercial real estate firm. He was talking about a few projects underway in Center City, and he said that he expects this one to break ground in 2016. I thought that was an interesting tidbit. I asked if he had updated renderings but he only showed the most recent version that's on this thread.

Cro Burnham Jan 27, 2016 1:11 AM

Quote:

Originally Posted by Philly Fan (Post 7228757)
Perhaps if you hadn't referred to yourself as [boxbot], he would have been more forthcoming. :P

I nearly choked on my spaghetti meatball laughing at this.


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