PHILADELPHIA | Highrise Development Thread IX

[summersm343]

Originally Posted by sayitaintso

https://twitter.com/phillyluke/status/433660246754484224/photo/1

Mayor @Michael_Nutter announces big new development at 16th & Vine, 1500-1800 jobs pic.twitter.com/W21POgAEDE

Definitely upwards of 400+ feet tall

Now we just need some renderings for the 23rd and Arch Street lot

[Cro Burnham]

Originally Posted by sayitaintso

https://twitter.com/phillyluke/status/433660246754484224/photo/1

Mayor @Michael_Nutter announces big new development at 16th & Vine, 1500-1800 jobs pic.twitter.com/W21POgAEDE

Nice!!!!

[summersm343]

Originally Posted by sayitaintso

https://twitter.com/jdkolakowski/status/433663269325127680/photo/1

Looks awesome!

[Philly Fan]

Originally Posted by sayitaintso

https://twitter.com/phillyluke/status/433660246754484224/photo/1

Mayor @Michael_Nutter announces big new development at 16th & Vine, 1500-1800 jobs pic.twitter.com/W21POgAEDE

NOW you're talkin'! And it's not a glass box!

[Jelly Roll]

Originally Posted by Cro Burnham

Nice!!!!

I guess they are betting against the Provence winning the casino license... That building looks like it could be very good looking once complete.

[ILovePhilly]

That looks JUST like 10-Ritt, though I have to say I like the material (from what I can tell) it looks like stone which will make the building fit right in on the parkway. Great news!

[relnahe]

So this is going to be a LDS tower? What sort of office space are the Mormons looking at? I doubt if there is any ground floor retail we can expect any liquor licenses or coffee shops.

[jrdizzy]

I like this a lot. At first glance of the rendering, I thought I was on the wrong thread.

[sayitaintso]

Tom MacDonald--WHYY ‏@TMacDonaldWHYY · 17m
LDS church not disclosing total cost of development which will include 32 story residential tower and meetinghouse pic.twitter.com/EXXfLyMzrg

[japmes]

Originally Posted by sayitaintso

Tom MacDonald--WHYY ‏@TMacDonaldWHYY · 17m
LDS church not disclosing total cost of development which will include 32 story residential tower and meetinghouse pic.twitter.com/EXXfLyMzrg

Will this project generate tax revenue or is it considered religious?

[skyscraper]

details, details! what is the timeline? who is the architect?

[Cro Burnham]

Originally Posted by japmes

Will this project generate tax revenue or is it considered religious?

I think buildings that are used for a commercial purpose (that includes apartment buildings) but owned by a non-profit or religious entity are still subject to Philadelphia real estate tax. That portion of the commercial property that is occupied by a non-commercial use (eg, say the church occupies office space or opens a community center on the ground floor) would be real estate tax exempt.

My guess is that any income from the apartment building that enriches the church would be tax-exempt from an IRS perspective.

[Cro Burnham]

Originally Posted by Philly Fan

NOW you're talkin'! And it's not a glass box!

Makes me want to convert to Mormonism! Look at all these other religious organization around the city squatting on vacant land and parking lots.

[tsarstruck]

Not the best picture ever, but...


https://twitter.com/LMcCrystal/status/433673594439479296/photo/1

More deets and better picture:

http://www.phillymag.com/property/2014/02/12/breaking-mormons-spur-development-new-rental-building/

[acenturi]

[QUOTE=sayitaintso;6448611
Mayor @Michael_Nutter announces big new development at 16th & Vine, 1500-1800 jobs pic.twitter.com/W21POgAEDE[/QUOTE]

Not to be a downer, but what's so great about it - other than it's a new tower. From the renderings, it'll appear like it was there since the 50s - very uninspiring, typical Mormon ultra-conservative monolith design. An obvious positive is at that height and location, it should stand out in the skyline somewhat separated from the super high density area around Arch/Market. This must be the largest, or one of the largest, commercial properties owned and developed by the LDS Church. The really interesting ? is, who is scheduled to occupy this building?

[Jelly Roll]

Originally Posted by acenturi

Not to be a downer, but what's so great about it - other than it's a new tower. From the renderings, it'll appear like it was there since the 50s - very uninspiring, typical Mormon ultra-conservative monolith design. An obvious positive is at that height and location, it should stand out in the skyline somewhat separated from the super high density area around Arch/Market. This must be the largest, or one of the largest, commercial properties owned and developed by the LDS Church. The really interesting ? is, who is scheduled to occupy this building?

They are pretty big in the development game. Here is a NY Times article about their development in Salt Lake City. http://www.nytimes.com/2013/07/10/reales...athes-life-into-salt-lake-city.html?_r=0

[relnahe]

I'm not typically crazy about most of the Mormon designs from their properties but I will say the materials that go into their projects is front-line. They put some of the best materials you'll likely see in virtually any other American project over the last half century.

[Pennsgrant]

Love the retro design.

Thumbs up to summersm for the early scoop. Hadnt seen this mentioned anywhere and sadly still havent seen it mentioned by the mainstream media in this town.

[Cro Burnham]

Originally Posted by acenturi

The really interesting ? is, who is scheduled to occupy this building?

I think it is an apartment building. I'm guessing it will be like any other apartment building except that maybe you won't be able to curse, drink, or have pre-marital relations once inside.

[jn00]

Maybe the Mormons will cough up some funds to cover the Vine Street Expressway.