PHILADELPHIA | Highrise Development Thread X

[Gatorade_Jim]

Originally Posted by chimpskibot

23rd and Cherry? I think it’s very premium looking for a lowrise building. It’s quite utilitarian, but I think there is worse cladding and material throughout the city.

The design is awesome. No qualms at all with their architecture and design team. The fit and finishing is absolute dogshit. It's horrible. I'm not sure if you're ever walked by it, but just look at it next time you do. It's really, really bad.

[Gatorade_Jim]

Originally Posted by PHLJD13

I toured several PMC buildings earlier this summer. This building (23rd and Cherry) was wild. It doesn't provide any front desk staff, has an unsecured package room with no doors, and its unit finishes are trash (mis-matched flooring, light switches that don't power anything, cheap appliances). Despite being done and open for well over a year, the entire property somehow looks like its waiting for contractors to come back to apply interior and exterior finishes.

That's exactly what I figured it would be. They really phoned it in on this one.

[PHLtoNYC]

I predict a ~20-story proposal in the coming year. Predictions?

Rittenhouse Square property under contract to sell to local developer

https://www.bizjournals.com/philadel...Pos=0#cxrecs_s

A Rittenhouse Square property previously home to cookware store Kitchen Kapers is under agreement to sell to a local developer and could join a growing list of real estate projects nearby.

Philadelphia-based Astoban Investments is in a deal to purchase the property at 213-215 S. 17th St. The deal is still in the early stages of due diligence and Astoban doesn't yet have a plan for the property, Astoban Managing Director Tim Shaaban said in an email. Shaaban said was attracted to the property by its location.

The site is zoned for CMX-5, Philadelphia’s least restrictive zone.

Astoban already owns 1810 Chestnut St., the former Freeman’s auction house headquarters, where it plans to develop 19 stories above the existing six stories of the historic building.

Nearby, Astoban also developed a 10-story condominium tower at 2110 Walnut St. that incorporated a historically designated Frank Furness structure into the design. At 223-225 S. 6th St. across from Washington Square, Astoban is developing 10 condominium units while incorporating the historic Dilworth House.