PHILADELPHIA | Highrise Development Thread X

[Redddog]

Originally Posted by TonyTone

Wolly Mammoth is closing May 1st, owner sold it. 24 years it was on South St

it's a shame it's a great bar and its always jumping, one of my favorites too, Hopefully whatever is next will be just as good

I feel like South St. is on a bit of a roll. Jon's coming back as a taco place is a huge step and really, a bunch of vacancies have filled in. I bet that place either gets bought out and continues as is or a new concept goes in. As you mentioned, that place is always active.

[Redddog]

Originally Posted by BroadandMarket

Ugliest building in the city? That's a bit of a stretch. They used real brick and it replaced an 1 floor warehouse and vacant lot. The Mark? The Lincoln's ugly metal panels? Home2 Suites suburban stucco? The Standard at 30th and Walnut? Both of the new buildings at 2nd and Poplar? Ugliest building in the city is a little harsh.

It's not the looks holding it back from selling, it's the lack of parking like you mentioned.

I hear you. I guess context is important in my assessment. The proposals that were submarined by the "Bridge Coalition" (the residents of The Bridge that opposed two awesome projects because it obstructed a few floors facing south) were both vastly superior and would have been amazing for the area.

Purple is right. Up close, it's even more egregious. The south and west sides are entirely suburban vinyl siding that looks horrific. Race street has a small residential entrance and two arched plastic barn doors that look like they stripped them off a prefab shed at Home depot. 2nd Street is no better. There's a tiny "retail space" that no one in their right mind would ever rent. So those windows are covered in construction paper that should be considered permanent.

It's not objectively the worst building in the city but for this location, taken with what could have been, it could be the worst execution of any plot of land in the city. I'll stand by that.

[Arch+Eng]

Does anyone have better renderings of the (3) towers @ 40th & Market that will replace the low rise homes that were recently demo'd?

[TonyTone]

Originally Posted by Redddog

I feel like South St. is on a bit of a roll. Jon's coming back as a taco place is a huge step and really, a bunch of vacancies have filled in. I bet that place either gets bought out and continues as is or a new concept goes in. As you mentioned, that place is always active.

Oh yea South St is defiantly rebounding, I can see the energy and the voids being filled, its great, the city is doing great period, you should see how it looks in ATL there are so many vacancies that it looks like a ghost town, its sad. Philly is doing great and we will continue to.

[BroadandMarket]

Originally Posted by TonyTone

Wolly Mammoth is closing May 1st, owner sold it. 24 years it was on South St

it's a shame it's a great bar and its always jumping, one of my favorites too, Hopefully whatever is next will be just as good

That's a huge bummer. South Street has definitely been much better the last 2 years but it's desperately missing more casual bars west of 2nd. The Boyler Room, Tavern 222, Jon's, Manny Brown's and now Woolly are all closed.

Jon's is being replaced with a taco place but that owner Kevin Dolce seems like he's getting in over his head. He owns one cheesesteak place on JFK but he's opening 4 places at once. Savú in the gayborhood, Enigma Sky/Finish Your Champagne in Fishtown and this place on South Street. His current spot is super barebones. It's sit down place but looks like a takeout spot. His concepts and decor seem so cheesy and over the top.

[TonyTone]

CAS00337 by Antonio Baze, on Flickr

CAS00338 by Antonio Baze, on Flickr

CAS00341 by Antonio Baze, on Flickr

CAS00342 by Antonio Baze, on Flickr

CAS00346 by Antonio Baze, on Flickr

CAS00347 by Antonio Baze, on Flickr

DJI_0435 by Antonio Baze, on Flickr

DJI_0436 by Antonio Baze, on Flickr

DJI_0437 by Antonio Baze, on Flickr

DJI_0438 by Antonio Baze, on Flickr

DJI_0439 by Antonio Baze, on Flickr

DJI_0441 by Antonio Baze, on Flickr

DJI_0443 by Antonio Baze, on Flickr

DJI_0445 by Antonio Baze, on Flickr

DJI_0459 by Antonio Baze, on Flickr

DJI_0460 by Antonio Baze, on Flickr

DJI_0480 by Antonio Baze, on Flickr

DJI_0483 by Antonio Baze, on Flickr

[summersm343]

Originally Posted by Arch+Eng

Does anyone have better renderings of the (3) towers @ 40th & Market that will replace the low rise homes that were recently demo'd?

Oh this looks great! Huge improvement over UCity Townhomes. Especially when combined with the two planned towers at 3800 Market as a part of UCity Square.

Where did you get these renderings from?

[Knight Hospitaller]

Originally Posted by TonyTone

CAS00338 by Antonio Baze, on Flickr

CAS00341 by Antonio Baze, on Flickr

These images bring to mind the saying about putting lipstick on a pig.

[mcgrath618]

Originally Posted by Knight Hospitaller

These images bring to mind the saying about putting lipstick on a pig.

I don't think it looks that bad. Certainly nicer than that project at 37th and Chestnut.

[PHLJD13]

Originally Posted by mcgrath618

I don't think it looks that bad. Certainly nicer than that project at 37th and Chestnut.

Agreed. I work nearby so I've watched this progress over the last year or so. They significantly enlarged the windows, and the parking garage screening and metal accents running up the exterior look quite sharp in person. The street-level retail definitely needs a polish, but it's still very much a construction zone.

It may not be as dramatic a conversion as the Franklin Tower Residences, but this project is inoffensive at its worst.

[UrbanRevival]

Originally Posted by PHLJD13

It may not be as dramatic a conversion as the Franklin Tower Residences, but this project is inoffensive at its worst.

Thirded. Obviously, a newly constructed high-design building is preferred, but in this tough financing environment, a conversion is still a big win.

The aesthetic of the building has undeniably improved, and the new elements look high-quality. Adding more residents to a section of Center City that could use an infusion of them is the icing on the cake.

[Arch+Eng]

Originally Posted by summersm343

Oh this looks great! Huge improvement over UCity Townhomes. Especially when combined with the two planned towers at 3800 Market as a part of UCity Square.

Where did you get these renderings from?

From a bid...
The renderings are trash though
No architect listed...

[PHLtoNYC]

I wonder if a hotel would work. Always talk of residential conversion, but not hotels.
The footprint and shape is similar to the nearby W / Element, though the East wall is a challenge. Maybe the scale is too costly these days to pencil out in Philadelphia?

One South Broad office building put up for sale with time running out on loan extension
https://www.bizjournals.com/philadelphia...-up-for-sale-as-loan-maturity-looms.html

The half-vacant One South Broad office tower in Center City is up for sale as its owner faces the expiration of an extended forbearance on the building's mortgage.

The 463,988-square-foot office property, home to Insomnia Cookies headquarters, is being marketed by Newmark as either a lease-up play or residential conversion opportunity.

[EastSideHBG]

First look: Photos inside a Center City office-to-residential conversion project

At 1701 Market St., Alterra Property Group is turning a building that formerly housed a law firm into a 299-unit apartment tower.
https://www.phillyvoice.com/center-city-...idential-philly-alterra-1701-market/amp/

[PHLtoNYC]

Good news, and impressive occupancies in very expensive buildings.

Southern Land Co. carves $900M niche in Philadelphia's luxury multifamily market
https://www.bizjournals.com/philadelphia...land-development-northern-liberties.html

“Long term, where there’s a housing need and where you can deliver a distinctive product, there will always be a market,” Southern Land Co. Senior Vice President Ronan Kearney said. “In Philadelphia, that’s been confirmed by the performance of these projects.”

Other than the just-delivered Alcott, Southern Land's new luxury offerings in the city are all more than 60% occupied:

The Laurel at 1911 Walnut St.: 65 condos, 70% sold
1909 Rittenhouse (same building as The Laurel): 184 apartments, 99% leased
The Josephine at 1620 Sansom St.: 255 apartments, 62% leased
The Alcott at 416 Spring Garden St.: 329 apartments, 33% leased

Kearney said Southern Land doesn’t have specific plans for its next local project but believes there’s “lots of room to continue to grow” in Philadelphia. The firm typically targets locations that are walkable, close to public transportation and where luxury residences are scarce.

[3rd&Brown]

Originally Posted by PHLtoNYC

Other than the just-delivered Alcott, Southern Land's new luxury offerings in the city are all more than 60% occupied:

The Laurel at 1911 Walnut St.: 65 condos, 70% sold
1909 Rittenhouse (same building as The Laurel): 184 apartments, 99% leased
The Josephine at 1620 Sansom St.: 255 apartments, 62% leased
The Alcott at 416 Spring Garden St.: 329 apartments, 33% leased

Kearney said Southern Land doesn’t have specific plans for its next local project but believes there’s “lots of room to continue to grow” in Philadelphia. The firm typically targets locations that are walkable, close to public transportation and where luxury residences are scarce.[/I]

This is impressive, especially considering the last two haven't been open that long.

This is also a rare example of us getting better product than other cities (unlike Toll which puts its best urban product in other markets). I've seen SLC's product in Nashville and was not impressed. Very cookie cutter and dare I say, cheap. What we have here in Philly from them is cut above what they've built in other markets.

I hope they keep going.

[bdurk]

Not sure if anyone saw it the other night but they are testing out colored LEDs on the lantern of Comcast 2. They're going to convert the lantern to colored ones and then the rest of the lighting feature will follow suit, similar to Comcast One.

[TPZ-1]

Originally Posted by bdurk

Not sure if anyone saw it the other night but they are testing out colored LEDs on the lantern of Comcast 2. They're going to convert the lantern to colored ones and then the rest of the lighting feature will follow suit, similar to Comcast One.

It'd be nice if they could light it up green for the Eagles' repeat run.

[PHLtoNYC]

Center City site previously approved for AC Marriott hotel sells to developer
https://www.bizjournals.com/philadelphia...site-planned-ac-marriott-hotel-sold.html

[Jayfar]

Originally Posted by PHLtoNYC

Center City site previously approved for AC Marriott hotel sells to developer
https://www.bizjournals.com/philadelphia...site-planned-ac-marriott-hotel-sold.html

…as posted at P.I.C.H. with excerpt and further context:https://www.facebook.com/groups/PhiladelphiaIndustrialHeritage/posts/4085640715057884/