PHILADELPHIA | Highrise Development Thread IX

[christof]

Originally Posted by 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!

I think the design works quite well for the site. Job well done!

[Skyscraper.Phanatic]

To address Cro Burnham the Catholic Church actually has those properties up for sale - this was mentioned in one of the local papers several months ago. And to whim to convert to Mormonism because they are good at business; why bother getting spiritually nurished when you can just as easily be a real estate developer or stock broker on your own. I actually like the building it is massive and a game changer for the area with decent and yes inspiring architecture. And it will blend in and dwarf even blocking the mundane Mormon temple and Mormon meeting house which are very frankly uninspiring.

[Cro Burnham]

Originally Posted by Skyscraper.Phanatic

And to whim to convert to Mormonism because they are good at business; why bother getting spiritually nurished when you can just as easily be a real estate developer or stock broker on your own.

I was just kidding about the conversion thing. I'm not religious and I think most large religious organizations are, at best, amoral. But I was expressing enthusiasm about the LDS investing in Philly. I think that's a real vote of confidence from a deep-pocketed organization that can invest anywhere it wants. The religious affiliation is meaningless to me.

[summersm343]

Originally Posted by Jelly Roll

Summersm343,
If you have some free time can you add Comcast, SLS, and the 16th and Vine development to the first page of the thread?

Yes sir

[bucks native]

All the Mormon temples that I've seen are white and brilliantly illuminated. At night they shine bright. I expect that Philadelphia's will receive the same treatment. Should add a lot to the Parkway. I wonder how the Catholic cathedral across the street from the temple will respond. A beautiful building but it's dark and looks neglected at night. Lighting on the new tower is likely to be impressive.

[summersm343]

Updated the first page with new projects and renderings. Also moved some projects around depending on their stage in the development process.

[christof]

Wonder if this means Comcast will be building a third tower in the near future...

http://online.wsj.com/news/articles/SB10...41412.html%3Fmod%3DWSJ_hp_LEFTTopStories

[summersm343]

Originally Posted by christof

Wonder if this means Comcast will be building a third tower in the near future...

http://online.wsj.com/news/articles/SB10...41412.html%3Fmod%3DWSJ_hp_LEFTTopStories

You can bet your bottom dollar that they will.

[Philadelcago]

Anyone else out there catching their breath? Between the "50 major developments", Gallery, University City explosion, CTIC, et al, et al -- buckle up ladies and gentlemen! I've never been so proud to move to Philly from the Midwest. Can't wait for our contined explosion. But keep it quiet lest we get giant heads like Boston folk Keep it Quaker - lets us all still afford to live here.

[summersm343]

AN UPDATE OF EVERY PROJECT SUPPOSED TO BE UNDER CONSTRUCTION THIS YEAR IN PHILADELPHIA Taller than 100 feet

2014 is shaping up to be the year of the crane in Philadelphia. Here is a list of every project that plans to break ground or will be under construction in Philadelphia taller than 100 feet.

1. Comcast Innovation & Technology Center- 59 floors- 1,121 feet
18th and Arch

2. FMC Tower at Cira Centre South- 47 floors- 656 feet
30th and Walnut

3. SLS International- 47 floors- 562 feet
Broad and Spruce

4. W Hotel- 50 floors- 550+ feet
15th and Chestnut

5. Evo at Cira Centre South- 33 floors- 430 feet
30th and Chestnut

6. CHOP Schuylkill Ave Phase 1- 22 floors- 375 feet
Schuylkill Ave and South Street

7. 16th and Vine- 32 floors- 350+ feet
16th and Vine

8. 1919 Market- 28 floors- 347 feet
20th and Market

9. 3601 Market- 28 floors- 320 feet
36th and Market

10. CHOP Buerger Center for Pediatric Care- 14 floors- 292 feet
Civic Center Blvd and E. Service Dr.

11. Lancaster Square- 25 floors- 279 feet
34th and Lancaster

12. 38Chestnut- 25 floors- 278 feet
38th and Chestnut

13. Family Court Building- 15 floors- 265 feet- finishing up
15th and Arch

14. One Riverside- 21 floors- 249 feet
25th and Locust

15. Temple Science, Education and Research Center- 10 floors- 241 feet- finishing up
12th and Polett Walk

16. 3737 Market- 13 floors- 221 feet
38th and Market

17. The View at Montgomery- 14 floors- 214 feet- finishing up
12th and Montgomery

18. Henry A. Jordan Medical Education Center- 11 floors- 180 feet- finishing up
Convention Ave and Health Sciences Dr.

18. 1901 Arch- 14 floors- 162 feet
19th and Arch

19. 2021 Chestnut- 12 floors- 151 feet
20th and Chestnut

20. Rodin Square- 10 floors- 120 feet

CRANES! CRANES EVERYWHERE!

...and I'm sure that won't be the end of the list for 2014. I'm sure we'll probably see more buildings breaking ground

[Philly2Queens]

Originally Posted by summersm343

You can bet your bottom dollar that they will.

I guess the only question that remains is whether the deal will get DOJ approval. I believe Comcast has run into slight problems in the past with regulators. Though out of curiosity, wouldn't this significantly deplete their assets and hamper their ability to engage in more large scale construction, at least in the near future.

[summersm343]

Originally Posted by Philly2Queens

I guess the only question that remains is whether the deal will get DOJ approval. I believe Comcast has run into slight problems in the past with regulators. Though out of curiosity, wouldn't this significantly deplete their assets and hamper their ability to engage in more large scale construction, at least in the near future.

After they build the 1,121 foot CITC... I will be able to patiently wait for another tower

[christof]

Originally Posted by Philly2Queens

I guess the only question that remains is whether the deal will get DOJ approval. I believe Comcast has run into slight problems in the past with regulators. Though out of curiosity, wouldn't this significantly deplete their assets and hamper their ability to engage in more large scale construction, at least in the near future.

Nah, it is an all-stock deal. No cash is involved. Interested to see if the Robert's family stock control of Comcast will be diluted by the deal.

[summersm343]

vRide will relocate from Troy, Michigan to Old City and bring with it 75 new jobs

A provider of commuter transportation services called vRide will relocate its corporate headquarters to the Old City section of Philadelphia and has committed to creating 75 new local jobs within three years time, Select Greater Philadelphia said Wednesday.

City officials said vRide, formerly based in Troy, Mich., has entered into a lease for a 4,300-square-foot site at 309 Cherry St., the former home of Artisan Mobile— which moved to 234 Market St. to accommodate growth.

http://www.bizjournals.com/philadelphia/news/2014/02/12/company-relocates-to-old-city.html

[Philly2Queens]

Originally Posted by summersm343

AN UPDATE OF EVERY PROJECT SUPPOSED TO BE UNDER CONSTRUCTION THIS YEAR IN PHILADELPHIA Taller than 100 feet

2014 is shaping up to be the year of the crane in Philadelphia. Here is a list of every project that plans to break ground or will be under construction in Philadelphia taller than 100 feet.

1. Comcast Innovation & Technology Center- 59 floors- 1,121 feet
18th and Arch

2. FMC Tower at Cira Centre South- 47 floors- 656 feet
30th and Walnut

3. SLS International- 47 floors- 562 feet
Broad and Spruce

4. W Hotel- 50 floors- 550+ feet
15th and Chestnut

5. Evo at Cira Centre South- 33 floors- 430 feet
30th and Chestnut

6. CHOP Schuylkill Ave Phase 1- 22 floors- 375 feet
Schuylkill Ave and South Street

7. 16th and Vine- 32 floors- 350+ feet
16th and Vine

8. 1919 Market- 28 floors- 347 feet
20th and Market

9. 3601 Market- 28 floors- 320 feet
36th and Market

10. CHOP Buerger Center for Pediatric Care- 14 floors- 292 feet
Civic Center Blvd and E. Service Dr.

11. Lancaster Square- 25 floors- 279 feet
34th and Lancaster

12. 38Chestnut- 25 floors- 278 feet
38th and Chestnut

13. Family Court Building- 15 floors- 265 feet- finishing up
15th and Arch

14. One Riverside- 21 floors- 249 feet
25th and Locust

15. Temple Science, Education and Research Center- 10 floors- 241 feet- finishing up
12th and Polett Walk

16. 3737 Market- 13 floors- 221 feet
38th and Market

17. The View at Montgomery- 14 floors- 214 feet- finishing up
12th and Montgomery

18. Henry A. Jordan Medical Education Center- 11 floors- 180 feet- finishing up
Convention Ave and Health Sciences Dr.

18. 1901 Arch- 14 floors- 162 feet
19th and Arch

19. 2021 Chestnut- 12 floors- 151 feet
20th and Chestnut

20. Rodin Square- 10 floors- 120 feet

CRANES! CRANES EVERYWHERE!

...and I'm sure that won't be the end of the list for 2014. I'm sure we'll probably see more buildings breaking ground

Incredible! This year is shaping up to be MUCH bigger than any year of mid-2000's boom.

With the recent flurry of proposals, it got me thinking about the likelihood that they get built - especially because it is becoming reminiscent of the boom, and because a few posters already made some very good points about saturation.

I'll start
Almost Definite:
1. Comcast - committed tenant 99%
2. FMC comitted tenant 99%

Very Likely
3. W Hotel - 90%+ committed hotel operators and financing & approvals apparently in place
4. 16th & Vine - Not sure about zoning, but in all likelihood they aren't even financing this. The Times article someone linked made it sound like they build with cash 90%+
5. Lancaster Square - committed institutional use & need (Drexel needs dorms) 85%+

Questionable
6. SLS - Zoning apparently is now in place, but do we know about financing? given that it took heft subsidies to build the W, will commercial lenders support yet another hotel?
7. 1919 Market - no idea


I'm sure others can help fill in the rest of maybe pipe in with some inside information

[relnahe]

Originally Posted by summersm343

vRide will relocate from Troy, Michigan to Old City and bring with it 75 new jobs



http://www.bizjournals.com/philadelphia/news/2014/02/12/company-relocates-to-old-city.html

Its these small relocations from other states into the core of the city that are very important. Often over looked past all these huge condo towers.

The Time Warner news is huge. Where I live Time-Warner has a monopoly. No Comcast, no Verizon. Only alternatives are satellites.

[sayitaintso]

Originally Posted by summersm343

AN UPDATE OF EVERY PROJECT SUPPOSED TO BE UNDER CONSTRUCTION THIS YEAR IN PHILADELPHIA Taller than 100 feet

2014 is shaping up to be the year of the crane in Philadelphia. Here is a list of every project that plans to break ground or will be under construction in Philadelphia taller than 100 feet.

1. Comcast Innovation & Technology Center- 59 floors- 1,121 feet
18th and Arch

2. FMC Tower at Cira Centre South- 47 floors- 656 feet
30th and Walnut

3. SLS International- 47 floors- 562 feet
Broad and Spruce

4. W Hotel- 50 floors- 550+ feet
15th and Chestnut

5. Evo at Cira Centre South- 33 floors- 430 feet
30th and Chestnut

6. CHOP Schuylkill Ave Phase 1- 22 floors- 375 feet
Schuylkill Ave and South Street

7. 16th and Vine- 32 floors- 350+ feet
16th and Vine

8. 1919 Market- 28 floors- 347 feet
20th and Market

9. 3601 Market- 28 floors- 320 feet
36th and Market

10. CHOP Buerger Center for Pediatric Care- 14 floors- 292 feet
Civic Center Blvd and E. Service Dr.

11. Lancaster Square- 25 floors- 279 feet
34th and Lancaster

12. 38Chestnut- 25 floors- 278 feet
38th and Chestnut

13. Family Court Building- 15 floors- 265 feet- finishing up
15th and Arch

14. One Riverside- 21 floors- 249 feet
25th and Locust

15. Temple Science, Education and Research Center- 10 floors- 241 feet- finishing up
12th and Polett Walk

16. 3737 Market- 13 floors- 221 feet
38th and Market

17. The View at Montgomery- 14 floors- 214 feet- finishing up
12th and Montgomery

18. Henry A. Jordan Medical Education Center- 11 floors- 180 feet- finishing up
Convention Ave and Health Sciences Dr.

18. 1901 Arch- 14 floors- 162 feet
19th and Arch

19. 2021 Chestnut- 12 floors- 151 feet
20th and Chestnut

20. Rodin Square- 10 floors- 120 feet

CRANES! CRANES EVERYWHERE!

...and I'm sure that won't be the end of the list for 2014. I'm sure we'll probably see more buildings breaking ground

The Philadelphia of today is unrecognizable to me compared to 10 years ago. Can you imagine what it will be like 5 years from now! Esp with Comcast absolutely bombing

[Jelly Roll]

Originally Posted by sayitaintso

The Philadelphia of today is unrecognizable to me compared to 10 years ago. Can you imagine what it will be like 5 years from now! Esp with Comcast absolutely bombing

Not counting Evo, Lancaster Square, or any of the Temple development I get roughly 2,600 apartments, 850 hotel rooms, and 2.6 million square feet of office. I feel pretty confident that most if not all of it will be built. That also does not count any of the medical/hospital space.

[sirexcaliber]

Philadelphia 2024 or 2028 summer Olympics

since I moved out to no mans land in the desert Albuquerque (suck out here) I not able to keep up with how things are going when it comes to the availability of rooms in the city. I know the city is going to try once again to summit an application to host the Olympics in 2024. so I am just asking this question to see where the city is positioned on this one issues
As of right now how many hotel rooms does Philadelphia have compared to Boston and DC
and what does the future hold for the city with new hotel development. what is the number of rooms required for actual vacancy for guest to attend the Olympics but still allow for the average tourist and business traveler to come to the city as well.

[NYC2ATX]

What's incredible to me is how the Philadelphia skyline is physically expanding in every direction like a balloon. FMC/Cira and the U City towers is pulling it west, Temple and the 16th & Vine tower are pulling it north, SLS is pulling it south, and the CITC is pulling it up into the sky. Truly staggering. If Philadelphia didn't already have a worthy national and international profile compared to the other great American cities, it will really shoot for the stars now.

All we need now is a little pop of towers along the Delaware to beef it up to the east.