PHILADELPHIA | Highrise Development Thread IX

[hammersklavier]

If you have a published source, go for it.

[Outta here]

Being the " new kid on the block " , I'm a bit fuzzy with the architectural
proto call for criteria . Some of the postings I have read appear to list both
2021 and 2116 as being , somehow related or in someway part of a bigger
project encompassing that area . I notice that there is a big difference in scale
between 34 stories , 379 ' and 12 stories , 152 ' so what criteria is appropriate ?
......... If your in the mood , educate me .

[Mappy]

Originally Posted by Philly-Drew

Awesome job Mappy putting the newly proposed or under construction buildings in this image! Thank you.

So I'm wondering, of the buildings in this pic that are officially not started, which two or three do you think are most likely, or least likely to happen?

I don't mean which buildings do you "hope" will happen, because I hope they all happen. I mean, if you had to predict which ones get built and which don't, which are your top two or three.

For me, I'm figuring this:

Most likely
1) Comcast Center
2) CHOP Tower

Least likely
1) Element/W

I didn't include the casino proposals because that selection is based on the upcoming vote.

I guess we had the same thought around the same time....
I went back and added all the other projects I could find, and color coded them by (my perceived) likelihood of being completed:

Gray = DONE or basically topped out
Red = PROBABLE
Orange = POSSIBLE



I didn't include Castleway, 205 Race, 401 Race, or 735 Columbus Ave, Edgewater II, Sugar House future phases, or Divine Loraine because I dont know how serious those are. A lot of those will either die or drastically redesign before going forward (I think).

After doing this and taking a look around the different views I would say the land between the 34th Street bridge and the Schuylkill Expressway bridge against the Schuylkill River is the best place to build a highrise for the best future views of the city. It would see all the Cira towers, CHOP towers, CITC & Comcast, Liberty 1 & 2, and SLS while overlooking the river and trail

[summersm343]

From student housing to luxury apartments. This may also require student housing be built for UArts

http://www.bizjournals.com/philadelphia/...ve-of-arts-building-sells-new-plans.html

[tsarstruck]

Well, this probably means that the Lit addition isn't coming anytime soon:

http://www.bizjournals.com/philadelphia/...er-marketing-majority-equity.html?r=full

[tsarstruck]

Originally Posted by summersm343

From student housing to luxury apartments. This may also require student housing be built for UArts

http://www.bizjournals.com/philadelphia/...ve-of-arts-building-sells-new-plans.html

Great news... but "echo boomers"? Do we really need another stupid name for millennials?

[summersm343]

Originally Posted by tsarstruck

Well, this probably means that the Lit addition isn't coming anytime soon:

http://www.bizjournals.com/philadelphia/...er-marketing-majority-equity.html?r=full

Almost positive they are selling the MAJORITY stake... meaning not all of the building. They are selling 75% of the building but keeping the 25% necessary to construct the tower.

[Cro Burnham]

Originally Posted by Mappy

I guess we had the same thought around the same time....
I went back and added all the other projects I could find, and color coded them by (my perceived) likelihood of being completed:

Gray = DONE or basically topped out
Red = PROBABLE
Orange = POSSIBLE



I didn't include Castleway, 205 Race, 401 Race, or 735 Columbus Ave, Edgewater . . . .

. . . or the new Penn residential commons or the competed Drexel complex at 32 & Chestnut.

[josef]

Originally Posted by tsarstruck

Well, this probably means that the Lit addition isn't coming anytime soon:

http://www.bizjournals.com/philadelphia/...er-marketing-majority-equity.html?r=full

That picture is ridiculous. When is the building lit up so nicely, and when did they put a sign on the top? Wasn't that an idea they got approval for a while ago but never actually did?

[summersm343]

Toll Brothers planning two highrise condo towers, one at 19th and Walnut and one at 5th and Walnut. 19th and Walnut could be over 600 feet and will include a hotel as well.

Will keep informed when I find out more information.

[Insoluble]

Originally Posted by Philly-Drew

So I'm wondering, of the buildings in this pic that are officially not started, which two or three do you think are most likely, or least likely to happen?

Most likely:
*Comcast
*FMC
*the Mormon jawn

Least Likely:
*Either of the Center City Casinos (based on how the commission seems to be leaning)
*Anything on the Delaware Waterfront. For whatever reason we always get loads of proposals there and nothing ever gets completed.

EDIT: Holy #$%^ summersm! You are just a beast with these announcements lately. It seems like you've got another proposal to tell us about every week, and you're totally scooping any of the usual media outlets. You are THE MAN!

[iamrobk]

Originally Posted by summersm343

Toll Brothers planning two highrise condo towers, one at 19th and Walnut and one at 5th and Walnut. 19th and Walnut could be over 600 feet and will include a hotel as well.

Will keep informed when I find out more information.

Wow. Very exciting! How much experience does Toll Brothers have in doing condo towers though?

[sayitaintso]

Originally Posted by tsarstruck

Well, this probably means that the Lit addition isn't coming anytime soon:

http://www.bizjournals.com/philadelphia/...er-marketing-majority-equity.html?r=full

Umm how do you think they are going to finance part of the construction ???

[Baconboy007]

Originally Posted by summersm343

Toll Brothers planning two highrise condo towers, one at 19th and Walnut and one at 5th and Walnut. 19th and Walnut could be over 600 feet and will include a hotel as well.

Will keep informed when I find out more information.

Are we talking the vacant lot on Walnut or are they actually going to take out a building at the corner of 19th and Walnut?

[sayitaintso]

Originally Posted by iamrobk

Wow. Very exciting! How much experience does Toll Brothers have in doing condo towers though?

Does current zoning support something that tall in that location?

[sayitaintso]

Originally Posted by summersm343

Toll Brothers planning two highrise condo towers, one at 19th and Walnut and one at 5th and Walnut. 19th and Walnut could be over 600 feet and will include a hotel as well.

Will keep informed when I find out more information.

Hmmm doesn't Castleway Group still own this property?

[summersm343]

Originally Posted by iamrobk

Wow. Very exciting! How much experience does Toll Brothers have in doing condo towers though?

I'm not sure if they've actually built any in NYC, but I know they are planning a few in NYC and possibly have already built one or two.

Originally Posted by Baconboy007

Are we talking the vacant lot on Walnut or are they actually going to take out a building at the corner of 19th and Walnut?

Vacant lot at 19th and Walnut, not taking out any buildings.

Originally Posted by sayitaintso

Does current zoning support something that tall in that location?

Zoning was approved for the 525 foot Castleway tower, anything taller than that will need further variances. Lot at 5th and Walnut, no idea what it's zoned for.

[summersm343]

Originally Posted by sayitaintso

Hmmm doesn't Castleway Group still own this property?

They're in the process of selling it (land and zoning approvals) to Toll Brothers.

They're trying to speed up the process. They want to start construction before Dranoff starts SLS International.

[relnahe]

Originally Posted by josef

That picture is ridiculous. When is the building lit up so nicely, and when did they put a sign on the top? Wasn't that an idea they got approval for a while ago but never actually did?

That is a rendering based on how the building use to look and might again in the future. If you look at old photos of the LIT building it had similar signage.

[relnahe]

Originally Posted by summersm343

I'm not sure if they've actually built any in NYC, but I know they are planning a few in NYC and possibly have already built one or two.

They do have high-rises in NYC.