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-   -   PHILADELPHIA | Lowrise/General Developments Thread (https://skyscraperpage.com/forum/showthread.php?t=160247)

Justin7 Feb 11, 2020 4:38 PM
Quote:
Originally Posted by allovertown (Post 8826790)
Ori is a supervillain and that window in particular just seem like a giant "fuck you."

allovertown Feb 12, 2020 3:11 AM
Quote:
Originally Posted by Justin7 (Post 8827836)
Ori is a supervillain and that window in particular just seem like a giant "fuck you."
Lol I didn't even notice it at first because I was so floored by the flood of cheap aluminum paneling that has been barfed upon this monstrosity. But as soon as I saw that window... there is truly no way to interpret it other than a fuck you. I mean honestly, it's like 2'X8' section of wall, how hard would it have truly been to preserve it? How hard would it have been to maintain even the slightest illusion that this is some type of realized architectural vision. But nope. It's like he went out of his way to show that this is truly nothing more than a thin facade in front of an absolute turd.

DudeGuy Feb 12, 2020 9:45 PM
Does anyone know what is going on at the site of the former 12th Street Gym? As of last October there is an active demolition permit for the site. I know all of the businesses in the building on the block have moved out (Tabu, Gym, and Hair Salon).

summersm343 Feb 13, 2020 2:42 PM
1141 N. Front Street

Phase 1
http://www.ocfrealty.com/wp-content/...omacrossst.jpg

Possible Phase 2
http://www.ocfrealty.com/wp-content/...ign_Page_6.jpg

Current view of site:
http://www.ocfrealty.com/wp-content/...2/IMG_2054.jpg

Read more here:
http://www.ocfrealty.com/naked-phill...ates-el-magnet

Boku Feb 13, 2020 3:51 PM
Good news:

After last-minute negotiations, judge picks a winner in Philadelphia refinery auction
https://www.inquirer.com/business/en...-20200213.html

Quote:
A U.S. Bankruptcy Court judge on Wednesday tentatively approved the sale of the shuttered Philadelphia Energy Solutions refinery to a Chicago firm, closing the door on more than a century of oil refining in South Philadelphia and potentially radically altering the city’s landscape.

Judge Kevin Gross said he was satisfied that Hilco Redevelopment Partners’ $252 million bid — boosted by $12 million in a flurry of eleventh-hour negotiations on Wednesday — was the highest and best offer for the 1,300-acre site, occupied by the East Coast’s largest oil refinery until it abruptly closed June 21 after a devastating fire.

iheartphilly Feb 13, 2020 4:03 PM
^
Is this a really done deal now? Or will there be some other law suit to hold up the sale? It seems like there is a big creditor that wants it money.

Justin7 Feb 13, 2020 4:44 PM
Not quite a done deal (at least legally). From the article:

Quote:
Hilco’s bid was conditioned on obtaining modifications to the restrictive covenants by May 31, when it is set to close the sale or walk away. John Mitchell, a lawyer representing Sunoco, said at Wednesday’s hearing that the company and Hilco had reached an agreement dealing with environmental issues, details of which would be included in the final plan.

SEFTA Feb 13, 2020 8:32 PM
I've been wondering about this. It's been bugging me. Is there some plan regarding this facade?

https://live.staticflickr.com/65535/...b919a36a_c.jpg333 S Broad Street

https://live.staticflickr.com/65535/...922d3741_h.jpg333 S Broad Street 3

https://live.staticflickr.com/65535/...556a9199_c.jpg333 S Broad Street 2

City Wide Feb 13, 2020 9:08 PM
Quote:
Originally Posted by iheartphilly (Post 8829983)
^
Is this a really done deal now? Or will there be some other law suit to hold up the sale? It seems like there is a big creditor that wants it money.
I don't trust Hilco, although they have a record of handling similar sites. For a location that is going to take a decade or more to close, demo, then clean, before any work on creating something new can begin, what's the rush to have all the ducks lined up in 3 or 4 months? My big question is when do they pay the $252M; that's a indication of when they are serious.

Unfortunately I think this is just the first of many plans to be kicked around and taken to court. When his holiness Lord Trump leaves office might effect its future, as its clear that he and his gang think carbon based energy is the way of the future. My best guess is that unless someone has the capital and the political pull to be given permission to run the site as a refinery, that after 5+ years the City will end up owning it, then the process will start all over

iheartphilly Feb 13, 2020 10:08 PM
^
Yeah, I'm not sure what's going to ultimately happen to the site. I mean lots of people were at the table to discuss this in negotiations and when it was all said and done, they picked Hilco for the right reasons. Now, money talks... but one thing for sure is that any development on the site won't happen fast for the reasons you mentioned.

jsbrook Feb 13, 2020 10:37 PM
Quote:
Originally Posted by City Wide (Post 8830418)
I don't trust Hilco, although they have a record of handling [B]similar[B] sites. For a location that is going to take a decade or more to close, demo, then clean, before any work on creating something new can begin, what's the rush to have all the ducks lined up in 3 or 4 months? My big question is when do they pay the $252M; that's a indication of when they are serious.

Unfortunately I think this is just the first of many plans to be kicked around and taken to court. When his holiness Lord Trump leaves office might effect its future, as its clear that he and his gang think carbon based energy is the way of the future. My best guess is that unless someone has the capital and the political pull to be given permission to run the site as a refinery, that after 5+ years the City will end up owning it, then the process will start all over
No to nearly all of this. I expect Hilco to make it work. Though I'm told the Rinaldi group may try to appeal.

City Wide Feb 14, 2020 6:46 AM
Quote:
Originally Posted by iheartphilly (Post 8830508)
^
Yeah, I'm not sure what's going to ultimately happen to the site. I mean lots of people were at the table to discuss this in negotiations and when it was all said and done, they picked Hilco for the right reasons. Now, money talks... but one thing for sure is that any development on the site won't happen fast for the reasons you mentioned.
Yes, money talks. But lawyers file appeals. I would make a bet at 20 to 1 that nothing new of any size is built within 8 years. Beyond that, talk to my estate! Or that Comcast III is designed built and fought over in court before this site is developed for a different use.
I hope I'm wrong, because some very creative ideas for green development could be tried out down there, like bio gas, especially if the final price is a lot less then advertised.

Boku Feb 14, 2020 11:24 AM
Quote:
Originally Posted by City Wide (Post 8830940)
Yes, money talks. But lawyers file appeals. I would make a bet at 20 to 1 that nothing new of any size is built within 8 years. Beyond that, talk to my estate! Or that Comcast III is designed built and fought over in court before this site is developed for a different use.
I hope I'm wrong, because some very creative ideas for green development could be tried out down there, like bio gas, especially if the final price is a lot less then advertised.
I don’t think anyone is expecting tall buildings out of this. There is also lots of environmental clean up that needs to happen. A logistics hub employing thousands would be ideal.

ok-ez Feb 14, 2020 4:30 PM
943 N 2ND ST was getting drilled/soil tested the other day. Could this be that long lost hotel plan?

Skintreesnail Feb 14, 2020 4:32 PM
yeah a logistics hub probably makes the most sense, based on how contaminated the site probably is and its proximity to freight lines, csx terminal, port of Philadelphia, highways and the airport. Hilco has a similar project in Baltimore, tradepoint atlantic.

I was hoping some more parkland would come out of all this along the river, but maybe the contamination makes even that prohibitive. Maybe some green industry will move in though.

iheartphilly Feb 14, 2020 4:59 PM
^
Plenty of acreage, why not throw up a solar tower or any other green energy that doesn't pollute. Distribution hub would be good, but NE Philly is getting a pretty big one from UPS. Lehigh Valley got them too and across the river in NJ from Amazon. Could already be a saturation in distribution warehouses or hubs, so Hilco needs to be very creative with its use under the premise of the highest and best use banner.

mcgrath618 Feb 14, 2020 6:14 PM
Quote:
Originally Posted by ok-ez (Post 8831190)
943 N 2ND ST was getting drilled/soil tested the other day. Could this be that long lost hotel plan?
There was a hotel planned for that site?

cardeza Feb 14, 2020 6:17 PM
Quote:
Originally Posted by ok-ez (Post 8831190)
943 N 2ND ST was getting drilled/soil tested the other day. Could this be that long lost hotel plan?
If you want to get idea of whats going on use this site

https://openmaps.phila.gov/

Usually answers questions in regards to whether or not permits have been issued which is typically a great way to find out if a project is moving towards construction.

PurpleWhiteOut Feb 16, 2020 10:50 PM
https://www.phillymag.com/property/2...ever-building/

Some more details on the Beury Building restoration. Their timeline seems to be a little under two years from now.

Capsule F Feb 17, 2020 9:36 PM
Fresh Grocer will close its University City location next month after losing a nearly four-year-legal battle with the University of Pennsylvania.

https://www.inquirer.com/business/fr...-20200217.html


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