PHILADELPHIA | The Arthaus @ 311 S. Broad | 542 FT | 47 FLOORS - Page 19

Philly-Drew · #**361** Posted **Oct 26, 2015, 11:38 PM**

Oh boy! I can't wait for this one to kick off!

iheartphilly · #**362** Posted **Oct 26, 2015, 11:47 PM**

Quote:

Originally Posted by summersm343

I was told today:

-Financing is in place
-The sales office for the condos will open in April/May 2016
-Groundbreaking will be very early 2016 but we could see site work before then
-The hold up has to do with permitting, and a reworking of the foundations based on the site layout. The design and height will remain the same.

There we go...it's a no brainer of things to come short of financing pulling out.

Thanks to Summersm, we have the inside scoop.

1487 · #**363** Posted **Oct 27, 2015, 12:11 PM**

Quote:

Originally Posted by summersm343

I was told today:

-Financing is in place
-The sales office for the condos will open in April/May 2016
-Groundbreaking will be very early 2016 but we could see site work before then
-The hold up has to do with permitting, and a reworking of the foundations based on the site layout. The design and height will remain the same.

Good to hear. That fencing with the green screen blocking off the vacant lot isn't attractive.

PhilliesPhan · #**364** Posted **Oct 27, 2015, 12:54 PM**

Quote:

Originally Posted by summersm343

I was told today:

-Financing is in place
-The sales office for the condos will open in April/May 2016
-Groundbreaking will be very early 2016 but we could see site work before then
-The hold up has to do with permitting, and a reworking of the foundations based on the site layout. The design and height will remain the same.

This is SPECTACULAR news! Thank you for making my day with this news! I think I may just go to my 9:30 Business Statistics class because I'm not tired anymore, but rather SUPER excited!

McBane · #**365** Posted **Oct 27, 2015, 2:54 PM**

Awesome news. I re-read the original article and there will be 1 level of underground parking, so site prep should take a while, but not to the extent that is happening over at 15th and Chestnut. I hope to see a core rising by next summer. I imagine both towers will rise together. The W/Element has the head start by far, but has had to deal with lots of underground surprises; it will also have all of its parking underground, but not sure how many levels. W/Element will likely be ahead, but probably not by much.

It will be exciting to see both of these towers rise. We don't get too many south of Market that rise this tall (and not too many in general that break the 500 foot mark) - and now we will have two.

Jawnadelphia · #**366** Posted **Oct 27, 2015, 11:25 PM**

Stated before, but nearly 600 footer here... awesome.

[IMG]

Untitled

Upper right hand corner - in the future, will be very impressive walking down Pine St (for instance):
[IMG]

Untitled

TempleGuy1000 · #**367** Posted **Nov 16, 2015, 6:07 PM**

Sorry to dig this up but Starwood's sale doesn't effect this correct? Starwood's just provided hotel management to the SLS hotels?

summersm343 · #**368** Posted **Nov 16, 2015, 6:13 PM**

Quote:

Originally Posted by TempleGuy1000

Sorry to dig this up but Starwood's sale doesn't effect this correct? Starwood's just provided hotel management to the SLS hotels?

Starwood has nothing to do with SLS. SLS is owned by SBE. I think you're confusing this with W/Element, which is owned/operated by Starwood.

TempleGuy1000 · #**369** Posted **Nov 16, 2015, 6:23 PM**

Quote:

Originally Posted by summersm343

Starwood has nothing to do with SLS. SLS is owned by SBE. I think you're confusing this with W/Element, which is owned/operated by Starwood.

You are right. I was confusing the two. Last week, The SLS Las Vegas announced it was turning one of it's towers into a W Hotel. That confused me. It appears that was just a single deal.

summersm343 · #**370** Posted **Dec 11, 2015, 6:31 PM**

Someone in my office told me there is equipment on site. Is this true? Can someone verify? Getting overly excited

Castle · #**371** Posted **Dec 11, 2015, 8:26 PM**

Quote:

Originally Posted by summersm343

Someone in my office told me there is equipment on site. Is this true? Can someone verify? Getting overly excited

Negative, Ghostrider. Walked by the site around 2:45 today and unfortunately, there was not a single piece of equipment there.

summersm343 · #**372** Posted **Dec 11, 2015, 8:51 PM**

Quote:

Originally Posted by Castle

Negative, Ghostrider. Walked by the site around 2:45 today and unfortunately, there was not a single piece of equipment there.

Arghhhh

Knight Hospitaller · #**373** Posted **Dec 11, 2015, 9:25 PM**

Quote:

Originally Posted by summersm343

Arghhhh

Remind me, was anything expected before the new year (or even springtime)?

summersm343 · #**374** Posted **Dec 11, 2015, 9:31 PM**

Quote:

Originally Posted by Knight Hospitaller

Remind me, was anything expected before the new year (or even springtime)?

No. They said work would start in 2016 but I was hoping site prep would start in December. I'm getting impatient

1487 · #**375** Posted **Dec 14, 2015, 1:34 PM**

when I saw activity in this thread I thought there was some good news to read about. Disappointed once again.

boxbot · #**376** Posted **Dec 14, 2015, 3:02 PM**

Quote:

Originally Posted by 1487

when I saw activity in this thread I thought there was some good news to read about. Disappointed once again.

Probably similar to the disappointment I felt when I saw there was new activity this morning only to learn it was just about your disappointment.

Cro Burnham · #**377** Posted **Dec 14, 2015, 3:13 PM**

Quote:

Originally Posted by boxbot

Probably similar to the disappointment I felt when I saw there was new activity this morning only to learn it was just about your disappointment.

Please add a thread for posts expressing disappointment about being misled to believe there might be progress by the occurrence of a meaningless post.

kraggman · #**378** Posted **Dec 14, 2015, 6:46 PM**

Quote:

Originally Posted by Cro Burnham

Please add a thread for posts expressing disappointment about being misled to believe there might be progress by the occurrence of a meaningless post.

I too was disappointed by the posting of non-progress related disheartening posts. I feel betrayed and lied to.

iheartphilly · #**379** Posted **Dec 14, 2015, 7:01 PM**

Re: our skyscraper love affair-emotional investment with romantic dividends of a proposed skyscraper that's unbuilt thus far...LOL.

Get this group a box of kleenax.

McBane · #**380** Posted **Dec 14, 2015, 7:24 PM**

Move over W/Element! This beauty is going to take over the "will this thing ever be built?" title.

I think out of all the genuine proposals out there in the city, this one is the most tenuous. Dranoff gets stuff done but there has been no movement, only endless delays. Also, this one is dependent on external players (SLS Hotel Group) which adds complexity and makes me nervous. But I'm not ready to write this one off.

Anything in this city over 500 feet is going to get noticed, but at this location? It would be really something else.