PHILADELPHIA | THE LAUREL @ 1911 Walnut | 604 FT | 48 FLOORS - Page 78

Boku · #**1541** Posted **Sep 26, 2017, 2:01 PM**

Wasn't there a dude from Southern Land who was commenting here for a while? Maybe he could give us an update.

mPhilly · #**1542** Posted **Sep 26, 2017, 11:56 PM**

There were a few workers doing something on the site of the demolished building on the Sansom side today. Hard to call it dead when workers are still on site, right?

Daario · #**1543** Posted **Sep 27, 2017, 12:08 AM**

I used the contact portal on the SLC website to send them a message about this project, but I haven't gotten a response yet. It might've been just for show.

mcgrath618 · #**1544** Posted **Sep 27, 2017, 12:50 AM**

Quote:

Originally Posted by Daario

I used the contact portal on the SLC website to send them a message about this project, but I haven't gotten a response yet. It might've been just for show.

I contacted them AWHILE ago (like in June) and they said that it was still very much alive, so at least we know it works.

jsbrook · #**1545** Posted **Sep 27, 2017, 11:28 AM**

Quote:

Originally Posted by mPhilly

There were a few workers doing something on the site of the demolished building on the Sansom side today. Hard to call it dead when workers are still on site, right?

Not dead yet...Of course, they can always rehab the buildings and build a two-story Wendy's on the vacant lot.

boxbot · #**1546** Posted **Sep 27, 2017, 2:29 PM**

Quote:

Originally Posted by mcgrath618

I contacted them AWHILE ago (like in June) and they said that it was still very much alive, so at least we know it works.

And as we all know, developers are obligated to tell the truth.

mcgrath618 · #**1547** Posted **Sep 27, 2017, 2:41 PM**

Quote:

Originally Posted by boxbot

And as we all know, developers are obligated to tell the truth.

That wasn't my point. He asked if it would actually legitimately work, and I told him that it does.

City Wide · #**1548** Posted **Sep 27, 2017, 3:28 PM**

Quote:

Originally Posted by mPhilly

There were a few workers doing something on the site of the demolished building on the Sansom side today. Hard to call it dead when workers are still on site, right?

The funding stream for the work on the Sansom properties, both short term and long term, will be a lot different and a whole lot less from the couple hundred million that might be needed for the new construction.

thisisforreal · #**1549** Posted **Sep 27, 2017, 5:07 PM**

Quote:

Originally Posted by boxbot

And as we all know, developers are obligated to tell the truth.

It's in the constitution or something.

Knight Hospitaller · #**1550** Posted **Sep 27, 2017, 7:01 PM**

^ In the emanations from the penumbra, perhaps.

boxbot · #**1551** Posted **Sep 27, 2017, 9:22 PM**

Quote:

Originally Posted by Knight Hospitaller

^ In the emanations from the penumbra, perhaps.

Unless they plead the fifth story.

City Wide · #**1552** Posted **Sep 27, 2017, 11:30 PM**

sometimes I think there are too many legal minds on this site! But then again many people think 2 lawyers is one too many.

Londonee · #**1553** Posted **Sep 28, 2017, 5:01 PM**

Quote:

Originally Posted by City Wide

sometimes I think there are too many legal minds on this site! But then again many people think 2 lawyers is 2 too many.

Fixed it for you.

skyscraper · #**1554** Posted **Sep 28, 2017, 5:43 PM**

Quote:

Originally Posted by Londonee

Fixed it for you.

until you need one.

Mr Saturn64 · #**1555** Posted **Sep 29, 2017, 2:23 AM**

Quote:

Originally Posted by skyscraper

until you need one.

Found the lawyer.

jsbrook · #**1556** Posted **Oct 18, 2017, 10:43 PM**

Any intel? If this is still in play I could see it downsized and turned into a condo only project. We are at the beginning of an apartment glut, and it's going to take some time to absorb existing inventory and pending inventory already under construction.

mcgrath618 · #**1557** Posted **Oct 19, 2017, 1:14 PM**

Quote:

Originally Posted by jsbrook

Any intel? If this is still in play I could see it downsized and turned into a condo only project. We are at the beginning of an apartment glut, and it's going to take some time to absorb existing inventory and pending inventory already under construction.

I have a feeling that this and SLS/Broad+Pine are waiting to hear about the Amazon announcement before they move forward.

Knight Hospitaller · #**1558** Posted **Oct 19, 2017, 3:33 PM**

Apartment glut or no, this is the Square. How does this not happen?

jsbrook · #**1559** Posted **Oct 19, 2017, 5:00 PM**

Quote:

Originally Posted by Knight Hospitaller

Apartment glut or no, this is the Square. How does this not happen?

Square or not, why would anyone build 100s of apartments when demand is weakening? I suppose they might accept a short-term struggle with vacancies and rental rates, recognizing that demand will improve as inventory is absorbed and new construction levels off... The condo market is still strong. A shrunken project could still happen without apartments. Hopefully the retail bases are still in play just the same if they do move forward but shrink the tower.

jsbrook · #**1560** Posted **Oct 19, 2017, 5:01 PM**

Quote:

Originally Posted by mcgrath618

I have a feeling that this and SLS/Broad+Pine are waiting to hear about the Amazon announcement before they move forward.

I would hope not...that's a lot of wasted time, time for the market to shift unfavorably and crater the projects, if we don't get Amazon. There will be no decision until next year.