PHILADELPHIA | Highrise Development Thread X

[Justin7]

Originally Posted by Jayfar

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

Yearly (?) request to please post this somewhere that is not facebook.

[PurpleWhiteOut]

https://www.inquirer.com/education/temple-university-safety-audit-progress-police-20250603.html

Potential big news for N Broad

Temple president John Fry said he sees redevelopment along Broad Street as another key to improving safety.

And he has begun working with developers to encourage it, he said.

Fry has been looking at areas along the corridor, some of which the university owns and others that it doesn’t. He said it would be ideal to pick three or four spots from its main North Philadelphia campus to Terra Hall — the former University of the Arts’ main administrative building at Broad and Walnut Streets that Temple bought earlier this year and is converting into its Center City campus — to redevelop.

And then he said he would like to pick another three or four spots from the main campus to the health sciences campus farther north on Broad Street.

Temple is in early conversations with developers, locally and from places such as New York and Massachusetts, he said, “just to pick their brains.”

They spend the day on the Broad Street corridor and come back to Temple officials with ideas, Fry said.

As a N Broad believer and Temple alumnus, I hope to see them targeting BSL adjacent spots. They still have the most open development potential, some of the larger safety (or at least "vibes") issues to tackle, and are extremely well connected to all Temple campuses. Between the main and health science campuses there are some potential great rehab/reuse opportunities in old factories with great bones

[ok-ez]

new Kimmel Arts building is already under construction on N Broad

Originally Posted by PurpleWhiteOut

https://www.inquirer.com/education/temple-university-safety-audit-progress-police-20250603.html

Potential big news for N Broad

[PHLtoNYC]

TF Cornerstone takes ownership of Wanamaker building, sets timeline for residential conversion

https://www.bizjournals.com/philadelphia...closure-auction-sold-tf-cornerstone.html

Acquiring the top nine floors of mostly office space allows TF Cornerstone to move forward with its plan to convert floors six through 12 into approximately 600 loft-style apartments with ceiling heights of at least 16 feet. Floors four and five will remain as office, anchored by coworking operator Mindspace.

TF Cornerstone said it plans to begin construction in the first quarter of 2026 and expects the redevelopment will take two years.

[BroadandMarket]

Originally Posted by ok-ez

new Kimmel Arts building is already under construction on N Broad

I hope they have a raised crosswalk here. People treat Broad street like a highway. I have faith in Fry but I'd love to see the campus close some streets to thru traffic. 13th could be closed from Norris to Montgomery to all traffic but university vehicles. Work to get kids living east of Broad as well.

Also they need to cut football or at least move to FCS or D2. Put every dollar they have into NIL for basketball.

[jaysb]

Originally Posted by BroadandMarket

I hope they have a raised crosswalk here. People treat Broad street like a highway.

Agree with you but I think Broad is problematic because it's a State road (611) and they need PENNDOT to bless and changes. I seem to recall similar comments when they wanted to beautify South Broad starting with a 1 block pilot (btw I guess that's dead??)

[bdurk]

Originally Posted by BroadandMarket

I hope they have a raised crosswalk here. People treat Broad street like a highway. I have faith in Fry but I'd love to see the campus close some streets to thru traffic. 13th could be closed from Norris to Montgomery to all traffic but university vehicles. Work to get kids living east of Broad as well.

Also they need to cut football or at least move to FCS or D2. Put every dollar they have into NIL for basketball.

They should've built the football stadium a decade ago and maybe we'd have a decent program. It would be so cool for the area and I know it would suck for like 6 days a year with all the students but man it would've been great for Temple.

I also think people need to realize Temple building on Broad is a good thing for the neighborhood. I know people enjoy being NIMBYs about everything Temple does but the more students living on Broad means the less students living in the neighborhoods Temple has been gentrifying.

[summersm343]

Major news in the new city budget. Finally some long needed reduction/elimination of the BIRT business tax in the city.

Reduction of the gross receipts part of the BIRT tax annually until a complete elimination in 2039?

Reduction of the net income part of the BIRT tax annually to 2.8% in 2039?

Reduction of the wage tax to 3.7% by 2029 for residents and 3.39% for non-residents.

This is great stuff!

[PHLtoNYC]

More residential is fine, but this would make for a really nice hotel, especially since the hotel proposal at 3rd & Walnut is dead.

Chubb puts Old City office building up for sale, redevelopment possible
https://www.bizjournals.com/philadelphia...b-old-city-office-building-for-sale.html

[TonyTone]

CAS03168-Enhanced-NR by Antonio Baze, on Flickr

CAS03163 by Antonio Baze, on Flickr

CAS03139 by Antonio Baze, on Flickr

CAS03089-Enhanced-NR by Antonio Baze, on Flickr

CAS03022-Enhanced-NR by Antonio Baze, on Flickr

CAS03006-Enhanced-NR by Antonio Baze, on Flickr

[TonyTone]

CAS02734 by Antonio Baze, on Flickr

CAS02725 by Antonio Baze, on Flickr

CAS02722 by Antonio Baze, on Flickr

CAS02719 by Antonio Baze, on Flickr

[jaysb]

Amazing shots Tony. ESP of the skyline over the Schuylkill

[PHLtoNYC]

Not sure if its been shared, but TF Cornerstone is teaming up with Alterra for the Wanamaker Building project. This is a really exciting project for Market East.

Perhaps a Wegmans could fill some of the retail space??

Here’s how the Wanamaker Building’s new owner plans to transform the colossal department store into loft apartments
https://www.inquirer.com/real-estate/com...-property-group-conversion-20250612.html

[Redddog]

Originally Posted by PHLtoNYC

Not sure if its been shared, but TF Cornerstone is teaming up with Alterra for the Wanamaker Building project. This is a really exciting project for Market East.

Perhaps a Wegmans could fill some of the retail space??

Here’s how the Wanamaker Building’s new owner plans to transform the colossal department store into loft apartments
https://www.inquirer.com/real-estate/com...-property-group-conversion-20250612.html

Wegmans. Don't even JOKE about that. They have been dipping into the smaller urban locals lately. That would KILL in that location.

This will be massive for that stretch. I wonder what they will price those lofts at?

[begoonie]

Originally Posted by Redddog

Wegmans. Don't even JOKE about that. They have been dipping into the smaller urban locals lately. That would KILL in that location.

This will be massive for that stretch. I wonder what they will price those lofts at?

Eataly at the Wanamaker Building, Wegmans at the Strawbridges building.

[Skintreesnail]

1001 south broad is 80% leased and looking at starting next phase:

Phase 2 will total 453 units and be built on the eastern half of the block between Broad and 13th streets and Carpenter Street and Washington Avenue. Ideally, Post Brothers would break ground on the next phase early next year, according to Pestronk. He said the buildout could take close to two-and-half years.

https://www.bizjournals.com/philadelphia...nd-one-piazza-alta-expansion-philly.html

Also mentioned Piazza Alta in nolibs is 97% leased and looking at next phase there.

With the Piazza Alta nearly fully leased, Post Brothers is planning to begin construction on the next phase of the project next quarter. That will add 431 units to the existing 695, bringing the Piazza Alta to a total of 1,126 apartments. The addition will be built on top of existing podiums and will take about 18 months to complete, according to Pestronk.

[towerpower123]

^^^ Didn't they just remove the eternal crane for the next phase of Piazza Alta? Hope the next phase is as nice as the previous ones because that is one beautiful development!

[TK2001]

Philadelphia skyline Fourth of July by Philly SkyGuy, on Flickr

https://youtu.be/WDtpw5L0vh8?si=y9S89Y0C67GGBane

[TonyTone]

DJI_0541 by Antonio Baze, on Flickr

DJI_0540 by Antonio Baze, on Flickr

DJI_0539 by Antonio Baze, on Flickr

DJI_0538 by Antonio Baze, on Flickr

DJI_0537 by Antonio Baze, on Flickr

DJI_0536 by Antonio Baze, on Flickr

DJI_0535 by Antonio Baze, on Flickr

DJI_0534 by Antonio Baze, on Flickr

DJI_0532 by Antonio Baze, on Flickr

DJI_0531 by Antonio Baze, on Flickr

DJI_0530 by Antonio Baze, on Flickr

DJI_0529 by Antonio Baze, on Flickr

DJI_0528 by Antonio Baze, on Flickr

DJI_0527 by Antonio Baze, on Flickr

DJI_0526 by Antonio Baze, on Flickr

DJI_0525 by Antonio Baze, on Flickr

DJI_0523 by Antonio Baze, on Flickr

DJI_0522 by Antonio Baze, on Flickr

DJI_0521 by Antonio Baze, on Flickr

DJI_0520 by Antonio Baze, on Flickr

DJI_0519 by Antonio Baze, on Flickr

DJI_0518 by Antonio Baze, on Flickr

DJI_0517 by Antonio Baze, on Flickr

[Pulkvedis Pods]

Simply amazing. Wow. This is not the Philly I remember from the 90's. Got to get the thesaurus out to say astounding, etc. And Mr. TonyTone - these photos are a paragon of photogenic profundity!