PHILADELPHIA | Highrise Development Thread X - Page 391

PHLtoNYC · #**7801** Posted **Feb 27, 2026, 4:11 PM**

Quote:

Originally Posted by Redddog

Those spots are gonna be for corporate HQs - at least 13th & Market. I'm still holding out for a Plaza type lux hotel with lux retail and a venue space for 8th.

Unlikely, but I'd rather see that level of luxury near Rittenhouse Square. Perhaps 22nd & Walnut, which is a catalyst plot extending the Rittenhouse action further west. Center City's "high street" is only 4 blocks, west of 20th is a handsome (though a bit tired) stretch of real estate, just needs a glamour project as a boost. There is also the Parkway plot at 20th, which could support a slender tower.

Walking out of the Plaza Hotel at 8th and Market is not the best look (IMO).

I still like the idea of a hotel at 8th & Market, just not a tippy top tier.

3rd&Brown · #**7802** Posted **Feb 27, 2026, 4:19 PM**

Quote:

Originally Posted by phishtown

where are all of these new people working?

They work in NYC.

PHLtoNYC · #**7803** Posted **Feb 27, 2026, 5:22 PM**

Quote:

Originally Posted by 3rd&Brown

They work in NYC.

The Philly burbs too.

Vanguard, Hamilton Lane, SAP, Cencora, etc. I also suspect a lot of people filling these expensive apartments work in medicine/research (U City).

SEFTA · #**7804** Posted **Mar 3, 2026, 5:14 AM**

https://www.phillyvoice.com/wharton-pier...TZ3-w55b4IuDX_aem_EY2nDkE72-lvyJqO7k7tTw

Radio5 · #**7805** Posted **Mar 3, 2026, 5:51 AM**

Quote:

Originally Posted by PHLtoNYC

The Philly burbs too.

Vanguard, Hamilton Lane, SAP, Cencora, etc. I also suspect a lot of people filling these expensive apartments work in medicine/research (U City).

I've been looking to rent an apartment at One Cathedral or the Dalian and watching the availability everyday. It's pretty wild how quick the good apartments go. Like a day, and then it's gone.

3rd&Brown · #**7806** Posted **Mar 3, 2026, 2:45 PM**

Quote:

Originally Posted by Radio5

I've been looking to rent an apartment at One Cathedral or the Dalian and watching the availability everyday. It's pretty wild how quick the good apartments go. Like a day, and then it's gone.

According to One Cathedral's website there are 21 apartments available for rent, including a super compelling corner 2br for just under $3500 per month which IMO seems like a super fair price considering there are one bedrooms at the Dalian for $2900.

Radio5 · #**7807** Posted **Mar 4, 2026, 12:42 AM**

Quote:

Originally Posted by 3rd&Brown

According to One Cathedral's website there are 21 apartments available for rent, including a super compelling corner 2br for just under $3500 per month which IMO seems like a super fair price considering there are one bedrooms at the Dalian for $2900.

702? It's facing the back building and the school and a lower floor. Also, parking is $100 more if it's even available at Cathedral. Dalian's one bedroom is almost the size of Catherdral's 2 bed as well, not to mention being above the whole foods is way more convenient. But yeah, still good price for a great new building. Managed by same company who are great.

3rd&Brown · #**7808** Posted **Mar 4, 2026, 3:41 PM**

Quote:

Originally Posted by Radio5

702? It's facing the back building and the school and a lower floor. Also, parking is $100 more if it's even available at Cathedral. Dalian's one bedroom is almost the size of Catherdral's 2 bed as well, not to mention being above the whole foods is way more convenient. But yeah, still good price for a great new building. Managed by same company who are great.

I never realized facing the corner of 17th & Race with clear views of the skyline was the "back of the building".

If you want a clear view of the art museum say that. Many would prefer a skyline view to a museum view. You make it sound like it's looking at a dark alley.

Radio5 · #**7809** Posted **Mar 4, 2026, 4:37 PM**

Quote:

Originally Posted by 3rd&Brown

I never realized facing the corner of 17th & Race with clear views of the skyline was the "back of the building".

If you want a clear view of the art museum say that. Many would prefer a skyline view to a museum view. You make it sound like it's looking at a dark alley.

All I'm saying dude is the best view apartments go in a heartbeat and that isn't one of them.

PurpleWhiteOut · #**7810** Posted **Mar 4, 2026, 5:00 PM**

Quote:

Originally Posted by 3rd&Brown

I never realized facing the corner of 17th & Race with clear views of the skyline was the "back of the building".

If you want a clear view of the art museum say that. Many would prefer a skyline view to a museum view. You make it sound like it's looking at a dark alley.

Different strokes for different folks. Id vastly prefer a museum/parkway view from there, but thats why theres something for everyone.

Not that i could afford either of them anyway lol

chris08876 · #**7811** Posted **Mar 6, 2026, 3:46 PM**

Drove by the area this morning.

Does anybody know the name of this following residential? It looks new or recent.

The CHop tower is rising.

PHLtoNYC · #**7812** Posted **Mar 6, 2026, 4:12 PM**

Quote:

Originally Posted by chris08876

Drove by the area this morning.

Does anybody know the name of this following residential? It looks new or recent.

One Riverside, condos developed by Carl Dranoff, completed in 2017.

chris08876 · #**7813** Posted **Mar 6, 2026, 4:15 PM**

Thanks

PurpleWhiteOut · #**7814** Posted **Mar 17, 2026, 2:53 PM**

Philadelphia developer pivots from life sciences to 55-plus residential tower at University City site

Interesting pivot for 4055 Market. No info yet on size

mcgrath618 · #**7815** Posted **Mar 17, 2026, 3:13 PM**

Quote:

Originally Posted by PurpleWhiteOut

Philadelphia developer pivots from life sciences to 55-plus residential tower at University City site

Interesting pivot for 4055 Market. No info yet on size

Not entirely. Life sciences was wayyyyyy overbuilt here. Residential is a much more sensible pivot (although I agree making it seniors-only is odd).

towerpower123 · #**7816** Posted **Mar 22, 2026, 10:09 PM**

Quote:

Originally Posted by mcgrath618

Not entirely. Life sciences was wayyyyyy overbuilt here. Residential is a much more sensible pivot (although I agree making it seniors-only is odd).

Our Orange president killed tons of biotech grants so the industry collapsed. How dare you research how cancer affects black people or women differently???

TK2001 · #**7817** Posted **Mar 24, 2026, 3:27 AM**

Both Comcast towers are red tonight

Comcast Towers Philadelphia lit in Red by Philly SkyGuy, on Flickr

PurpleWhiteOut · #**7818** Posted **Mar 25, 2026, 5:13 PM**

'We're swinging back': Expansion overtakes downsizing in Center City office market

Quote:

The sectors most responsible for tenant growth were nonprofit, technology, health care and government, according to JLL's report.

Law firms and professional services companies, which occupy the most Philadelphia office space, contracted the most. But Breitmayer said the wave of major contractions for those tenants is likely coming to a close since most have already made long-term decisions.

“We’ve hit that side of the pendulum and we’re swinging back the other way,” Breitmayer said.

Among the pool of tenants JLL analyzed, large tenants were more likely to downsize and smaller tenants were more likely to grow. The firm found that the average contraction was 31,500 square feet and the average expansion was 15,100 square feet. That led to an overall 300,000-square-foot net loss in occupancy in the central business district.

Still net loss of office space due to large downsizings, but smaller businesses have been expanding or re-expanding

Skang · #**7819** Posted **Mar 30, 2026, 5:25 PM**

Any update on Pearl project , hasn’t seen any posts about it in a while

phishtown · #**7820** Posted **Mar 30, 2026, 11:54 PM**

Quote:

Originally Posted by Skang

Any update on Pearl project , hasn’t seen any posts about it in a while

I walked by it a few weeks ago. Hard to get a good view of it, but there didn't seem to be much progress, although there is a digging machine on the site. Hopefully it'll pick up now that winter is over.