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  #4121  
Old Posted Jul 25, 2014, 8:52 PM
AbortedWalrus AbortedWalrus is offline
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Originally Posted by PhillySteaks View Post
I was referring to the North Broad corridor. Fairmount Ave will be fine, I agree soon enough. Would love to see retail along that stretch. Bars/restaurants/shopping. Give the area a real flare and a concentrated commercial space. North Broad's inclusion would be the east wall of the neighborhood. Anything between Fairmount & Girard will follow. It will begin west and move east, it'll just take some time. The problem with the lack of commercial space in the area is because of the demographics. Walk around, there are still plenty of near poverty line families within the area that can't support businesses. However I do believe that will slowly but surely change. There are still even a handful of unsafe blocks south of Fairmount near 16th. Believe there was a murder there not too long ago. PHA has a couple of converted row homes in that section.
I live in the area. Spring Garden is really not unsafe. Yeah, there are PHA homes there and there was a murder in one. The rest of the neighborhood is fine. At worst it just needs better lighting at night. Other than that the violent crime rate in the neighborhood is practically on par with Rittenhouse.
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  #4122  
Old Posted Jul 25, 2014, 9:22 PM
GarCastle GarCastle is offline
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Nope, the whole tower and not just the garage. The new plans as laid out, with a new street grid is about 90% a go. The only thing that is still being worked out is the dispute between Penn and Chop regarding the new traffic patterns. Approx 12 months to Penn Tower is closed out.
The foot bridge was mentioned recently again, I can't recall if it is a "nice to have" or a promise that was made to someone (City, CHOP, employees, or someone else).

It could be built in phases certainly telling by that model but there were no details near the display. I had heard from a couple C-level execs that the ICUs would be the first phase and that it would be built in phases. But whether that whole thing is phase I and something on the top of the middle and on top of the other arm of Perelman would be phase 2 OR if the pad and 1 tower would be phase 1, etc. I have not heard.

The last I heard about Penn Tower, it was either to be emptied by the end of summer 2015 or begin to get emptied then. I forget which and that's a big difference.

The non-clinical tower in no-man's land with the garage attached is meant to clear out all the leases on Market street and bring the non-clinicals (Quality, IT, HR, etc.) together.

From what I heard it's the South Tower space that will shift the physician practices and some offices out of Penn Tower. I also heard that PMUC (AKA Cornerstone - not sure where that name came from) AKA 38th & Market could take on some additional offices - but that doesn't make much sense for HUP physician offices and it sounds like more and more Presby practices are moving into PMUC (hence the rumored lease of the entire building).

I'll chat up some C-levels and their direct reports to see what I can find out. They must know more about this than I have found out so far.

Cheers,
G.
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  #4123  
Old Posted Jul 25, 2014, 11:21 PM
Flyers2001 Flyers2001 is offline
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Originally Posted by GarCastle View Post
The foot bridge was mentioned recently again, I can't recall if it is a "nice to have" or a promise that was made to someone (City, CHOP, employees, or someone else).

It could be built in phases certainly telling by that model but there were no details near the display. I had heard from a couple C-level execs that the ICUs would be the first phase and that it would be built in phases. But whether that whole thing is phase I and something on the top of the middle and on top of the other arm of Perelman would be phase 2 OR if the pad and 1 tower would be phase 1, etc. I have not heard.

The last I heard about Penn Tower, it was either to be emptied by the end of summer 2015 or begin to get emptied then. I forget which and that's a big difference.

The non-clinical tower in no-man's land with the garage attached is meant to clear out all the leases on Market street and bring the non-clinicals (Quality, IT, HR, etc.) together.

From what I heard it's the South Tower space that will shift the physician practices and some offices out of Penn Tower. I also heard that PMUC (AKA Cornerstone - not sure where that name came from) AKA 38th & Market could take on some additional offices - but that doesn't make much sense for HUP physician offices and it sounds like more and more Presby practices are moving into PMUC (hence the rumored lease of the entire building).

I'll chat up some C-levels and their direct reports to see what I can find out. They must know more about this than I have found out so far.

Cheers,
G.
Good info, I believe sections of Penn Tower has already begun to empty as space becomes availible for a move. I will be involved with Penn Tower directly the second half of August so I will have specific details then.
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  #4124  
Old Posted Jul 26, 2014, 4:53 AM
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Photo by James Jennings

Is Blumenfeld for real?

Revitalizing The Divine Lorraine Hotel and Metropolitan Opera House are not the only projects that Eric Blumenfeld has in the pipeline in his efforts to transform North Broad Street. EB Realty Management Corp. (EBRM) is "moving forward" with plans to convert the large Thaddeus Stevens School at Broad and Spring Garden Street into 56 "spacious boutique loft-style" apartments, according to EBRM's Chris Cordaro. It is being dubbed the Mural Arts Building due to the vibrant "Common Threads" mural on the Broad Street facade of the building.
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  #4125  
Old Posted Jul 26, 2014, 2:23 PM
cafeguy cafeguy is offline
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Originally Posted by bucks native View Post



Photo by James Jennings

Is Blumenfeld for real?

Revitalizing The Divine Lorraine Hotel and Metropolitan Opera House are not the only projects that Eric Blumenfeld has in the pipeline in his efforts to transform North Broad Street. EB Realty Management Corp. (EBRM) is "moving forward" with plans to convert the large Thaddeus Stevens School at Broad and Spring Garden Street into 56 "spacious boutique loft-style" apartments, according to EBRM's Chris Cordaro. It is being dubbed the Mural Arts Building due to the vibrant "Common Threads" mural on the Broad Street facade of the building.
what do you think they will do about the large surface parking???
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  #4126  
Old Posted Jul 26, 2014, 5:30 PM
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what do you think they will do about the large surface parking???
Here's some old Varenhorst renderings they did for Blumenfeld-- doubt this is the current plan though



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  #4127  
Old Posted Jul 26, 2014, 6:08 PM
apetrella802 apetrella802 is offline
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interior of stevens school

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Originally Posted by bucks native View Post



Photo by James Jennings

Is Blumenfeld for real?

Revitalizing The Divine Lorraine Hotel and Metropolitan Opera House are not the only projects that Eric Blumenfeld has in the pipeline in his efforts to transform North Broad Street. EB Realty Management Corp. (EBRM) is "moving forward" with plans to convert the large Thaddeus Stevens School at Broad and Spring Garden Street into 56 "spacious boutique loft-style" apartments, according to EBRM's Chris Cordaro. It is being dubbed the Mural Arts Building due to the vibrant "Common Threads" mural on the Broad Street facade of the building.
the interior of the stevens school has spectacular glazed tiles sort of in an Arts & Crafts style.
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  #4128  
Old Posted Jul 27, 2014, 2:07 PM
PhillySteaks PhillySteaks is offline
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Originally Posted by AbortedWalrus View Post
I live in the area. Spring Garden is really not unsafe. Yeah, there are PHA homes there and there was a murder in one. The rest of the neighborhood is fine. At worst it just needs better lighting at night. Other than that the violent crime rate in the neighborhood is practically on par with Rittenhouse.
I live in spring garden as well neighbor. Just bought a place actually because I know the area has great potential. I agree the neighborhood in general is quite safe, the trees that I love so much do unfortunately make it dark at night. There are a couple of blocks I don't feel great walking down at night but they are more concentrated near n.broad. The proximity to north philadelphia isn't super ideal but I believe as the years progress and the areas of fairmount francisville brewery town and north broad keep rolling over there really is no where to go but up and up. Seeing new construction on damn near every block between fairmount and Girard gets me pumped. It's only a matter of years before we see the beautiful mansions on Girard near 15 16 17 converted. When I went to temple I had friends living around there, thought they were nuts. There is demand though. Maybe we can get the Prep and Girard college to invest in the area a little haha
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  #4129  
Old Posted Jul 27, 2014, 3:47 PM
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Philly-Drew Philly-Drew is offline
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Originally Posted by PhillySteaks View Post
I live in spring garden as well neighbor. Just bought a place actually because I know the area has great potential. I agree the neighborhood in general is quite safe, the trees that I love so much do unfortunately make it dark at night. There are a couple of blocks I don't feel great walking down at night but they are more concentrated near n.broad.
I have to agree about the potential in this area. My feeling is that it will continue to get better and better.

If the trees are blocking the street lights, I think you can call PECO and have them come out and trim them around the lights. You may also be able to start with 311 and tell them it is very dark at night. Get a few neighbors to call too. That usually helps.

I love the trees, and trimming them for safety reasons makes me enjoy them more.
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  #4130  
Old Posted Jul 27, 2014, 4:45 PM
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  #4131  
Old Posted Jul 29, 2014, 2:45 PM
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Letto Deli to be demolished?

http://www.philly.com/philly/blogs/the-i...-deal-to-revamp-Letto-Deli-building.html

http://goo.gl/maps/Fjebq

Anyone know anything about this project or what we can expect? I realize it's a tiny, narrow site, but this is a booming area and anything less than 3 stories is a wasted opportunity. I think a modest improvement can be had: something along the lines of a restaurant on the ground floor and 2-3 floors of apartments above.
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  #4132  
Old Posted Jul 29, 2014, 8:06 PM
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The wave of brand name stores coming to Walnut and Chestnut continues:


Quote:
Timberland, Banana Republic pick Center City stores
Joseph N. DiStefano
Posted: Tuesday, July 29, 2014, 2:01 PM

Bootmaker Timberland "has leased 5,800 sq. ft. for its Philadelphia flagship store, which it plans to have open by the fall," Steve Gartner of Metro Commercial Real Estate Inc. tells me in a note this afternoon. The site was last home to Alfa [my note: that's 1709 Walnut], the restaurant. Metro's Michael Gorman represented the Rittenhouse Row property owner, James Downey of Cushman & Wakefield assisted Timerland.

Banana Republic has leased all of 1911 Chestnut St. (6,600 sq. ft.) for its "Factory Store" variant. The site is a former State Store and faces renovation. Gartner says he negotiated the deal with owner Pearl Properties.

The Banana Republic store fronts the Gap Factory Outlet and the pending iPix Theater at the ex-Boyd across the street.
http://www.philly.com/philly/blogs/inq-p...na-Republic-pick-Center-City-stores.html
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  #4133  
Old Posted Jul 29, 2014, 8:12 PM
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The wave of brand name stores coming to Walnut and Chestnut continues:




http://www.philly.com/philly/blogs/inq-p...na-Republic-pick-Center-City-stores.html
Did we ever figure out whether Banana Republic is leaving Broad and Walnut? The article implies that it's not, but I'm still uncertain.
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  #4134  
Old Posted Jul 29, 2014, 8:20 PM
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Quote:
Originally Posted by josef View Post
The wave of brand name stores coming to Walnut and Chestnut continues:


http://www.philly.com/philly/blogs/inq-p...na-Republic-pick-Center-City-stores.html
Timberland on Walnut right next to a Michael Kors?! Yeah...
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  #4135  
Old Posted Jul 29, 2014, 8:21 PM
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Did we ever figure out whether Banana Republic is leaving Broad and Walnut? The article implies that it's not, but I'm still uncertain.
When did Banana Republic say they were moving? They're staying in that location, they rake in the dough there. This new spot on Chestnut will be for a discount off-shoot clothing store akin to Nordstrom Rack or Barney's Co-op. It will not be a full fledged Banana Republic.
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  #4136  
Old Posted Jul 29, 2014, 8:33 PM
tsarstruck tsarstruck is offline
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Originally Posted by PhiLaw View Post
Did we ever figure out whether Banana Republic is leaving Broad and Walnut? The article implies that it's not, but I'm still uncertain.
I doubt it. The new one is a factory (read: discount) store vs. the regular one at Broad & Walnut. [Left the window open long enough for summers to beat me to it.]
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  #4137  
Old Posted Jul 29, 2014, 8:47 PM
Philly Fan Philly Fan is online now
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[Left the window open long enough for summers to beat me to it.]
Gotta watch out for that guy. He's fast . . . . . . . . . . . . and sneaky.
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  #4138  
Old Posted Jul 29, 2014, 9:19 PM
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I doubt it. The new one is a factory (read: discount) store vs. the regular one at Broad & Walnut. [Left the window open long enough for summers to beat me to it.]
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Originally Posted by Philly Fan View Post
Gotta watch out for that guy. He's fast . . . . . . . . . . . . and sneaky.
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  #4139  
Old Posted Jul 29, 2014, 11:06 PM
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PREIT and The Macerich Company Form Joint Venture to Redevelop The Gallery in Philade

"Under the terms of the agreement, Macerich will acquire a 50% common ownership interest in The Gallery for $106.8 million. Macerich and PREIT will jointly handle the development, leasing and management of The Gallery. Costs related to the future development will be split 50/50 between the companies."

http://www.marketwatch.com/story/preit-a...p-the-gallery-in-philadelphia-2014-07-29
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  #4140  
Old Posted Jul 29, 2014, 11:13 PM
GarCastle GarCastle is offline
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Originally Posted by Flyers2001 View Post
Good info, I believe sections of Penn Tower has already begun to empty as space becomes availible for a move. I will be involved with Penn Tower directly the second half of August so I will have specific details then.
Spoke with a VP today and he confirmed the new hospital will likely be built in phases but those phases are still being debated. He also said the central podium is all floors (not garage) with parking likely underground. So that model may be more of an early teaser than a plan. Well at least it's something physical after years of talking here and there.

I passed the VP of real estate mid-stairway in Penn Tower too but couldn't remember his name to even try to probe for info LOL.

Cheers,
G.
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