PHILADELPHIA | Highrise Development Thread IX - Page 232

jpdivola · #**4621** Posted **Sep 7, 2014, 7:05 PM**

Quote:

Originally Posted by philatonian

True, but Philadelphia luckily escaped the fate of cities in those states. We have a strong stock of rental properties coupled with a market for condos. Not many cities can claim that. Dare I speculate that the only major cities that can claim that are New York, Chicago, and Philadelphia?

I'm not so sure, it seems like the same could be said about the housing markets of Bos, SF, DC. It is a little smaller market, but even Seattle could make a case for that.

summersm343 · #**4622** Posted **Sep 8, 2014, 4:54 PM**

Awesome article from Naked Philly showing the amazing transformation of Hope Street in Northern Liberties in just 3 years. This is just an example of one of many streets that have been transformed by new development in Philadelphia.

http://www.ocfrealty.com/naked-philly

Outta here · #**4623** Posted **Sep 8, 2014, 5:28 PM**

FWIW ; Not sure if this is of interest but , just read a ( estimated ) population review about Philadelphia . ( WPR ) indicates , in city figure to be about 1.556 mil. for year 2013 , an increase of roughly 10 K a year since the last official census in 2010 . If this calculation is even near correct , it would indicate the possibility of reaching something like 1.627 mil. by 2020 . Not much to brag about but the highest in city population since 1980 .

summersm343 · #**4624** Posted **Sep 8, 2014, 5:46 PM**

Quote:

Originally Posted by Outta here

FWIW ; Not sure if this is of interest but , just read a ( estimated ) population review about Philadelphia . ( WPR ) indicates , in city figure to be about 1.556 mil. for year 2013 , an increase of roughly 10 K a year since the last official census in 2010 . If this calculation is even near correct , it would indicate the possibility of reaching something like 1.627 mil. by 2020 . Not much to brag about but the highest in city population since 1980 .

Let's hope! That would be cool to get over 1.6 mill. Now just to get back to 2 mill!

Insoluble · #**4625** Posted **Sep 8, 2014, 5:54 PM**

Quote:

Originally Posted by Outta here

FWIW ; Not sure if this is of interest but , just read a ( estimated ) population review about Philadelphia . ( WPR ) indicates , in city figure to be about 1.556 mil. for year 2013 , an increase of roughly 10 K a year since the last official census in 2010 . If this calculation is even near correct , it would indicate the possibility of reaching something like 1.627 mil. by 2020 . Not much to brag about but the highest in city population since 1980 .

The estimates growth from '12 to '13 was down from previous years, but still an increase. It's hard to make predictions, but It seems likely that we'll hit at least 1.6 mil by 2020. All signs (well, except for the PSD) point to the city's resurgence continuing as it has, so I have no doubt that the population will continue to increase.

cafeguy · #**4626** Posted **Sep 8, 2014, 6:13 PM**

Quote:

Originally Posted by Outta here

FWIW ; Not sure if this is of interest but , just read a ( estimated ) population review about Philadelphia . ( WPR ) indicates , in city figure to be about 1.556 mil. for year 2013 , an increase of roughly 10 K a year since the last official census in 2010 . If this calculation is even near correct , it would indicate the possibility of reaching something like 1.627 mil. by 2020 . Not much to brag about but the highest in city population since 1980 .

Although total population is always a great indication of the growth of a city... I'd be much more interested in seeing numbers for greater center city growth. That's more of a measure of how we are growing as an urban environment, which makes a greater statement about the "rebirth of philly". I'm sure the numbers are even more staggering (percentage-wise at least).

PhiLaw · #**4627** Posted **Sep 8, 2014, 6:27 PM**

Quote:

Originally Posted by cafeguy

Although total population is always a great indication of the growth of a city... I'd be much more interested in seeing numbers for greater center city growth. That's more of a measure of how we are growing as an urban environment, which makes a greater statement about the "rebirth of philly". I'm sure the numbers are even more staggering (percentage-wise at least).

I think all of this growth is diffuse and disbursed throughout the bulk of the city. I also think that this is a virtuous phenomenon. We can see growth in places like Newbold, Temple, Fairmount, Francisville, Spruce Hill, Brewerytown, and even Dickinson Narrows and Pennsport. Not to mention Point Breeze and Greys Ferry. This phenomenon of diffuse urban growth seems more organic, durable and self-perpetuating.

Don't get me wrong growth in Center/Greater Center City is great. But I think the real mark of Philly's Renaissance is the growth we're currently seeing. Also, this type of growth also bodes well for our public transportation system and other hard infrastructure.

relnahe · #**4628** Posted **Sep 8, 2014, 7:39 PM**

Quote:

Originally Posted by Outta here

FWIW ; Not sure if this is of interest but , just read a ( estimated ) population review about Philadelphia . ( WPR ) indicates , in city figure to be about 1.556 mil. for year 2013 , an increase of roughly 10 K a year since the last official census in 2010 . If this calculation is even near correct , it would indicate the possibility of reaching something like 1.627 mil. by 2020 . Not much to brag about but the highest in city population since 1980 .

Not much to brag about? Very few non-sunbelt American cities can claim such growth.

tsarstruck · #**4629** Posted **Sep 9, 2014, 1:16 AM**

Quote:

Originally Posted by cafeguy

Although total population is always a great indication of the growth of a city... I'd be much more interested in seeing numbers for greater center city growth. That's more of a measure of how we are growing as an urban environment, which makes a greater statement about the "rebirth of philly". I'm sure the numbers are even more staggering (percentage-wise at least).

According to the Center City District's latest report, population in "extended center city" (Girard to Tasker) is up from 157,782 in 2000 to 178,316 in 2013, a 13% increase. It was 173,284 in 2010, so in the past three years it's jumped almost 3%. So yeah: pretty explosive growth.

PhillySteaks · #**4630** Posted **Sep 9, 2014, 2:47 AM**

Quote:

Originally Posted by tsarstruck

According to the Center City District's latest report, population in "extended center city" (Girard to Tasker) is up from 157,782 in 2000 to 178,316 in 2013, a 13% increase. It was 173,284 in 2010, so in the past three years it's jumped almost 3%. So yeah: pretty explosive growth.

Completely believable. Nakedphilly.com focuses on a lot grassroots, small neighborhood, single/multi family developments throughout greater CC. More so than commercial developments anyway. For the amount of projects seen on their site alone the growth numbers would have to be pretty decent for smaller developers to see good returns for that level of risk. Housing developments in certain neighborhoods have seen tremendous demand. I believe you can buy, if you wanted to anyways, buy in northern liberties in the $750k range. I don't know where you were maybe 10yrs ago? But that is some real growth. How many $750k homes were there in 2004 vs 2014? I can assure you was a lot less.

Oh...and for the naysayers advocating the growth is from renters. Well yea, but those renters gotta live somewhere right? Those renters are paying down investors mortgages with their monthly payments. Even the ones living In a high rise apartment building are paying off the debt needed for the acquisition. Housing stock in the city hasn't met demand...as of yet anyways.

Outta here · #**4631** Posted **Sep 9, 2014, 3:00 AM**

Quote:

Originally Posted by relnahe

Not much to brag about? Very few non-sunbelt American cities can claim such growth.

Not sure I follow your statement . I am not knocking Philly for gaining an average of only 10K a year . It sure beats the 500K that was lost between '50 and '10 . My claim was merely to note the growth that has occurred recently . Oh , and by the way , there are plenty of ( non sun belt ) cities that have grown , either in total numbers or as a percentage of previously listed population , that are equal to or greater than Philly .
...... I don't give a rats ass about what other cities are doing , with regard to population...... But I am impressed with what is happening here , and felt a desire to make my observation a positive one , not a contest over " My dog's bigger than your dog " discussion .... But thanks for reading my blog .

........ But here IS something to brag about ..... U.S.News and World report just came out with it's list of best colleges in the U.S. Princeton toped the list ( no surprise there ) but in the top 10 ..... University of Pennsylvania at # 9 and
for best Liberal Arts Colleges , Swarthmore at # 3 ....... Not bad , not bad at all .

1487 · #**4632** Posted **Sep 9, 2014, 12:47 PM**

More evidence that this is really going to happen I suppose.

http://www.phillymag.com/property/2014/09/08/east-market-project-gets-infusion-funds/#more-2839147

I wonder when demolition will start. They cant clear out 34 s. 11th until the new family court is done- which still looks to be several months off at their current pace.

Philly Fan · #**4633** Posted **Sep 9, 2014, 1:20 PM**

Quote:

Originally Posted by Outta here

........ But here IS something to brag about ..... U.S.News and World report just came out with it's list of best colleges in the U.S. Princeton toped the list ( no surprise there ) but in the top 10 ..... University of Pennsylvania at # 9 and
for best Liberal Arts Colleges , Swarthmore at # 3 ....... Not bad , not bad at all .

Well, if we're gonna brag, let's do it right!

Penn is at #8--not #9--among national universities, tied with Duke, and Haverford is also among the top 10 liberal arts colleges along with Swarthmore, at #8.

But nothing really new here: Penn's been ranked among the top 8 national universities--getting as high as #4 several times--for the last 18 years' worth of US News rankings, and Swarthmore and Haverford have similarly been ranked among the top 10 liberal arts colleges--with Swarthmore always among the top 3--for decades.

Eds and Meds (and tourism and media and tech), baby!

iheartphilly · #**4634** Posted **Sep 9, 2014, 2:37 PM**

UPenn named best college nationwide for 2015

And link to article from USA Today:

http://college.usatoday.com/2014/09/08/upenn-named-best-college-nationwide-for-2015/

Insoluble · #**4635** Posted **Sep 9, 2014, 5:11 PM**

Quote:

Originally Posted by 1487

More evidence that this is really going to happen I suppose.

http://www.phillymag.com/property/2014/09/08/east-market-project-gets-infusion-funds/#more-2839147

I wonder when demolition will start. They cant clear out 34 s. 11th until the new family court is done- which still looks to be several months off at their current pace.

This has got to be in my top 3 favorite projects going on in the city right now. The design is really cool and this will be a such a huge catalyst for real change at Market East. I'm a bit curious about 34 S. 11th street. I'm glad they're preserving the building, it's got some great details, but I wonder who they're hoping to pick up as an office tenant. Are the planning on converting this to top tier class A office space or will they be going for a more loft style space for start-ups (there is some pretty cool loft office space on Chestnut that goes for this vibe and does pretty well, perhaps Market East could eventually be re branded as a cool place for tech start-ups?)

1487 · #**4636** Posted **Sep 9, 2014, 5:43 PM**

Quote:

Originally Posted by Insoluble

This has got to be in my top 3 favorite projects going on in the city right now. The design is really cool and this will be a such a huge catalyst for real change at Market East. I'm a bit curious about 34 S. 11th street. I'm glad they're preserving the building, it's got some great details, but I wonder who they're hoping to pick up as an office tenant. Are the planning on converting this to top tier class A office space or will they be going for a more loft style space for start-ups (there is some pretty cool loft office space on Chestnut that goes for this vibe and does pretty well, perhaps Market East could eventually be re branded as a cool place for tech start-ups?)

Based on the location I dont see it being traditional class A space, so either they may do a nice class building or pitch it as collaborative work space. Im also curious as to how they plan to turn the lower floors into retail- it doesnt seem set up for that at all right now.

PhiLaw · #**4637** Posted **Sep 9, 2014, 6:13 PM**

A pretty credible source close to the Philadelphia business community told me today that an Eatily is in the works. I know I heard this rumor swirling before but it apparently has some teeth. ME is supposedly a prime location prospect.

So Eatily or DiBruno Brothers folks?

PhillySteaks · #**4638** Posted **Sep 9, 2014, 6:50 PM**

Quote:

Originally Posted by PhiLaw

A pretty credible source close to the Philadelphia business community told me today that an Eatily is in the works. I know I heard this rumor swirling before but it apparently has some teeth. ME is supposedly a prime location prospect.

So Eatily or DiBruno Brothers folks?

You really think Eataly would be dumb enough to put a location directly down the street from Reading Terminal Market? By my standards, and I've spent plenty of time in both, The Market is waaaay waaay better.

Baconboy007 · #**4639** Posted **Sep 9, 2014, 7:21 PM**

Quote:

Originally Posted by PhillySteaks

You really think Eataly would be dumb enough to put a location directly down the street from Reading Terminal Market? By my standards, and I've spent plenty of time in both, The Market is waaaay waaay better.

The only thing that would make it more successful is that they sell wine. Would they be able to do that here? Either way it seems kinda silly to open one right next to Reading Terminal Market.

PhiLaw · #**4640** Posted **Sep 9, 2014, 8:23 PM**

Quote:

Originally Posted by PhillySteaks

You really think Eataly would be dumb enough to put a location directly down the street from Reading Terminal Market? By my standards, and I've spent plenty of time in both, The Market is waaaay waaay better.

That is my thinking as well. Also, DiBruno brothers just opened a Washington Sq. location a few months back, didn't they? Anyways, I'm just relaying the information. Not sure there's enough demand for DiBruno's, Reading Terminal and an Eatily. We'll see where this one goes.