19 towers over 12 floors - Estimated Heights
1,200 FT - 85 FLOORS - Transit Terminal Tower - 2901 Arch Street
705 FT - 47 FLOORS - Cira II - 3001 John F. Kennedy Blvd
670 FT - 45 FLOORS - 2928 Race Street
605 FT - 40 FLOORS - 3100 Cherry Street
590 FT - 40 FLOORS - 2929 Race Street
570 FT - 38 FLOORS - 3000 Baring Street
435 FT - 30 FLOORS - 3100 Winter Street
405 FT - 27 FLOORS - 3120 Race Street
380 FT - 25 FLOORS - 3101 Powelton Ave
375 FT - 25 FLOORS - 3001 Winter Street
330 FT - 22 FLOORS - 3100 Baring Street
320 FT - 20 FLOORS - 3000 Cherry Street
315 FT - 20 FLOORS - 3020 Race Street
305 FT - 20 FLOORS - 3001 Powelton Ave
295 FT - 19 FLOORS - 3100 Hamilton Street
255 FT - 17 FLOORS - 3100 Powelton Ave
225 FT - 15 FLOORS - 3101 Race Street
210 FT - 14 FLOORS - 3100 Spring Garden Street
180 FT - 12 FLOORS - 3125 Baring Street
$6.5B price tag for 35-year University City overhaul
Quote:
Amtrak and its partners in the proposed redevelopment of a massive swath around 30th Street Station in University City say the decades-long plan - including partially capping the adjacent rail yard - will involve $6.5 billion in infrastructure funding and private investment.
The financial projection is part of the planning team's final blueprint for the 175-acre site extending northeast from 30th Street Station, to be released Thursday morning.
Publication of the 30th Street Station District Plan ends a two-year, $5.25 million study led by Amtrak, Drexel University, Brandywine Realty Trust, SEPTA, and PennDot for the area between Walnut and Spring Garden Streets east of Drexel's campus and Powelton Village.
Concrete steps can now be taken to realize the plan, said Rina Cutler, Amtrak's senior director for major station planning.
The 35-year plan to build a dense urban neighborhood, largely over what are now 88 acres of rail yards, will require about $2 billion in infrastructure investment, according to a plan summary. That spending on roads, bridges, parks, and transit would enable about $4.5 billion in private investment by developers of office towers, residential buildings, hotels, and other projects.
Anticipated is about 18 million square feet of new development, the equivalent of nearly 15 new Comcast Towers, including enough housing to accommodate up to 10,000 residents. The first commercial space includes about 1.2 million square feet planners hope will be occupied by a single corporate, commercial, or institutional tenant that will anchor the development, though none has yet been secured.
The station district plan's earliest steps include a decision by SEPTA on the precise placement of an underground concourse linking its subways and trolleys with a 1930s station building, Cutler said.
Amtrak, meanwhile, will soon begin taking steps with PennDot to allow relocation of a Schuylkill Expressway ramp to accommodate an intercity bus terminal north of the station, she said. The rail corporation is preparing to start planning the landscaped, pedestrian-friendly plaza that will surround the station.
"Where we are now is this great inflection point," said Keith Orris, Drexel's senior vice president for economic development.
Later parts of the plan involve the staged capping of the rail yards, where 10 million square feet of the new development is anticipated, as well as a skyscraper beside the planned bus station.
Another tower is planned on an Amtrak-owned parcel behind 30th Street Station, where Brandywine once discussed building an office project called Cira Two.
Brandywine's nearby projects include the Cira Centre office building north of the station and the 49-story FMC Tower being completed to the south. The Radnor-based developer also is a partner with Drexel on the $3.5 billion Schuylkill Yards redevelopment project on a cluster of mostly university-owned properties southwest of the planned station district.
The former Cira Two parcel now sits at the intersection of the two large redevelopment proposals, Cutler said.
"The market will ultimately dictate what goes there, but we think it's a very valuable development site," she said. "It really is the linchpin of the entire district."
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Read more at:
http://www.philly.com/philly/busines..._overhaul.html
Phase I
Schuylkill Yards - 8 towers
30th Street Station improvements
Bus Terminal
Cira II - 705 FT
Phase II
Arch and Race Street Pedestrian Bridges
3000 Cherry Street - 320 FT
3100 Cherry Street - 605 FT
3020 Race Street - 315 FT
3120 Race Street - 405 FT
4 other buildings under 12 floors tall
Phase III
Race Street Pedestrian Bridge to Center City
Schuylkill River West Banks
2928 Race Street - 670 FT
Phase IV
Powelton Ave bridge
Schuylkill Bluffs park Phase I
2929 Race Street - 590 FT
3101 Race Street - 225 FT
3100 Winter Street - 435 FT
3001 Winter Street - 375 FT
3100 Powelton Ave - 255 FT
9 other buildings under 12 floors tall
Phase V
Transit Terminal Tower - 1200 FT
Phase VI
Baring St Bridge
Drexel Park extension
Schuylkill Bluffs park Phase 2
Schuylkill Bluffs pedestrian Bridge
3001 Powelton Ave - 305 FT
3101 Powelton Ave - 380 FT
3000 Baring St - 570 FT
3100 Baring St - 330 FT
5 other buildings under 12 floors
Phase VII
3125 Baring St - 180 FT
3100 Hamilton St - 295 FT
3100 Spring Garden St - 210 FT
6 other buildings under 12 floors
The phasing is shown in the video of the project starting at 3:17 here:
https://www.youtube.com/watch?v=vSGV...ature=youtu.be
Website:
http://www.phillydistrict30.com/