PHILADELPHIA | Highrise Development Thread IX

[MikeNigh]

Originally Posted by summersm343

More Luxury Rows coming to Race and Bread Street in Old City replacing a surface parking lot. Prices will range from $800k- $1.2 million

http://philly.curbed.com/archives/2014/0...s-will-soon-rise-on-race-street.php#more

A little pricey for a family home in an area that isn't known for it's excellent public school.

[summersm343]

Originally Posted by MikeNigh

A little pricey for a family home in an area that isn't known for it's excellent public school.

There are rowhomes going for this price range and higher all across Center City.

[Baconboy007]

Why is there a tree above one of the bell towers? The one with the flag has a Christmas tree on it, it couldn't have just started growing.

[Philly Fan]

Originally Posted by Baconboy007

Why is there a tree above one of the bell towers? The one with the flag has a Christmas tree on it, it couldn't have just started growing.

Topping out?

[josef]

Looks like work's started on the renovation at 15th & Chestnut. I forget what's happening here exactly.

[MikeNigh]

Pretty sure that was residental and mostly studios? I remember the number 180.

http://www.phillymag.com/property/2013/0...ffice-building-with-ground-floor-wendys/
http://articles.philly.com/2014-06-02/re...-management-green-roof-rainwater-capture

Addimando's group is also developing smaller-footprint apartments in Philadelphia, including the Avenir, which he says offers some of the city's first "micro-apartments" at 1515 Chestnut St.

Studios will run roughly 300 square feet in the high-rise building, but offer amenities such as a doorman and fitness club.

I wonder how cheap they'll be able to make the studios

[josef]

Originally Posted by MikeNigh

Pretty sure that was residental and mostly studios? I remember the number 180.

http://www.phillymag.com/property/2013/0...ffice-building-with-ground-floor-wendys/
http://articles.philly.com/2014-06-02/re...-management-green-roof-rainwater-capture



I wonder how cheap they'll be able to make the studios

Ohhh right.

[cafeguy]

Originally Posted by shadowbat2

SRC sells William Penn High to Temple

Is this a good thing? Doesn't seem like it will add much to the area. Keeping the big empty lot on girard and big empty lot kinda 🞵🞵🞵🞵🞵, but I suppose it will help tie everything together from the south. And I would imagien they would try to improve the streetscape to attract students.

[1487]

Originally Posted by josef

Ohhh right.

They started this a few weeks ago, but this is the first outward sign or work. Workers have been hauling out demo debris for a while and they closed down 3 of the ground floor retail outlets so that Wendy's can move to the west.

[1487]

Originally Posted by cafeguy

Is this a good thing? Doesn't seem like it will add much to the area. Keeping the big empty lot on girard and big empty lot kinda 🞵🞵🞵🞵🞵, but I suppose it will help tie everything together from the south. And I would imagien they would try to improve the streetscape to attract students.

I surely hope they do something to the outside of the building to make it more attractive. It can get any uglier, thats for sure. I think this kills the rumors of Temple replacing WP with a stadium.

[summersm343]

Originally Posted by 1487

I surely hope they do something to the outside of the building to make it more attractive. It can get any uglier, thats for sure. I think this kills the rumors of Temple replacing WP with a stadium.

On the contrary. They will demolish some of the building to make way for athletic fields and recreational space which they will move from the 15th and Norris vicinity. They will then build a stadium at Broad and Norris.

[allovertown]

Originally Posted by summersm343

On the contrary. They will demolish some of the building to make way for athletic fields and recreational space which they will move from the 15th and Norris vicinity. They will then build a stadium at Broad and Norris.

Is that really happening or just the word on the grapevine? It seems like a really long uphill climb for Temple to get their football stadium at this point. Seemingly everyone is against it, near neighbors, a lot of alumni, etc. I have no doubt that Temple will eventually get their football stadium, but it seems far off at this point.

[ConstructStudent]

Originally Posted by allovertown

Is that really happening or just the word on the grapevine? It seems like a really long uphill climb for Temple to get their football stadium at this point. Seemingly everyone is against it, near neighbors, a lot of alumni, etc. I have no doubt that Temple will eventually get their football stadium, but it seems far off at this point.

From what I heard from a very reliable source Temple's Master Plan will be released in the next upcoming months and will include a new stadium about 3 more educational buildings, Johnson & Hardwick hall being demolished, renovations to existing dorms, and new dorm buildings. He said that they are looking at spending close to or over $1 Billion in the next 3 years. It will be interesting to see if this actually happens.

[iheartphilly]

Originally Posted by ConstructStudent

From what I heard from a very reliable source Temple's Master Plan will be released in the next upcoming months and will include a new stadium about 3 more educational buildings, Johnson & Hardwick hall being demolished, renovations to existing dorms, and new dorm buildings. He said that they are looking at spending close to or over $1 Billion in the next 3 years. It will be interesting to see if this actually happens.

Any idea whether it is public or private investments? And whether they will be borrowing from banks/institutional lending to get this done?

[1487]

Originally Posted by summersm343

On the contrary. They will demolish some of the building to make way for athletic fields and recreational space which they will move from the 15th and Norris vicinity. They will then build a stadium at Broad and Norris.

oh ok, didnt understand that part of the plan. I just figured they wanted the stadium on broad. But 15th and norris makes sense because the large garage is already located near liacouras center.

[miesian]

Originally Posted by josef

Looks like work's started on the renovation at 15th & Chestnut. I forget what's happening here exactly.

When I saw that Wendy's, my heart stopped.

[PhillySteaks]

Originally Posted by MikeNigh

A little pricey for a family home in an area that isn't known for it's excellent public school.

People who pay $1.2mm for a house don't usually send their children to public schools. Let alone, philly public schools. Just an FYI

[summersm343]

Originally Posted by PhillySteaks

People who pay $1.2mm for a house don't usually send their children to public schools. Let alone, philly public schools. Just an FYI

Exactly.

[MikeNigh]

Originally Posted by PhillySteaks

People who pay $1.2mm for a house don't usually send their children to public schools. Let alone, philly public schools. Just an FYI

I understand we're talking about the city but once formal family home type neighborhoods reach those rates normally there is at least a decent public school in the area. There are other philly neighborhoods that have rowhomes that go for these rates but are in decent catchments.

[McBane]

Originally Posted by MikeNigh

I understand we're talking about the city but once formal family home type neighborhoods reach those rates normally there is at least a decent public school in the area. There are other philly neighborhoods that have rowhomes that go for these rates but are in decent catchments.

Why are we talking about this? There are hundreds and hundreds of million dollar homes in the city - from these new condos in Old City, to high rises in Rittenhouse, to stately mansions in Chestnut Hill and West Mount Airy. And yet all these people managed to find a workaround to the city's poor schools. Expensive homes being developed in the city is not news. I don't get what the fuss is about.