PHILADELPHIA | Highrise Development Thread IX

[phillyaggie]

Originally Posted by tsarstruck

Not knowing the specific history, I'm not going to pretend to know what's right. I'd hardly call it a tin-foil hat accusation, though.

sorry, been too busy to post here and haven't visited the pages either, but just wanted to close the loop on this one.

i didn't mean the post to be an accusation at all, just merely pointing out financial facts as reported by financial media... PhiLaw may or may not have anything to do with the deal, and am not accusing him of any wrongdoing. Simply stating that this company seems to have been hollowed out by private equity and now brought back to the public market as an IPO, but the stockholders' equity is perhaps 1/5th, while 4/5th of the value of this company's enterprise is in the form of debt.

This sort of thing happens often enough, and there is all sorts of press and books written on it in the past 10 to 20 years. If anybody wants, I can post some resources on the topic. As for why would stock holders buy into this IPO?-- everybody has a reason for buy or sell stock, doesn't mean everybody is going to be right! And there are indeed "bag holders" in stock market all the time. Wrong assumptions? Wrong info? Hoping to make a quick buck and cash out? All I know is the IPO isn't funding the company's coffers, the money is going to selling shareholders. The company's liquidity and debt positions are in the financial prospectus and in the financial newsmedia for everybody to see.

The only reason I even brought it up here on a development forum is because PhiLaw was going gaga over the prospects of this company. He may have more insider knowledge and that's great. I just wasn't convinced the company is in a position to finance much of a high growth... and even that is confirmed by them asking for state government help with their plans at the Navy Yard.

I'm all for rooting for a locally based company, and wish them all the best! I hope their plans include building a shiny new skyscraper for their HQ! That would be awesome, considering FMC (another local chemical company) is doing the same...


ok, carry on.

PhiLaw, sorry to rub you the wrong way. Didn't mean anything by it. Perhaps I'll buy you a first round if we meet. Cool? haha

[phillyaggie]

Originally Posted by summersm343

I do not see this conversation ending well. Let's end it before it gets out of hand.

no worries.

[iheartphilly]

Nice promo piece on our city from NatGeo Traveler:

http://www.discoverphl.com/media/3046874/philly_booklet_ngt_forwebfinal.pdf

[Guipos08]

http://www.hop.camera/phone/index.html

Check out the latest video of my cousins website. They used a drone to film a friend water skiing the Schuylkill near 30th street station. Great aerial shots of the city.

[cafeguy]

Originally Posted by Guipos08

http://www.hop.camera/phone/index.html

Check out the latest video of my cousins website. They used a drone to film a friend water skiing the Schuylkill near 30th street station. Great aerial shots of the city.

Better link to it here... http://vimeo.com/112409848

But, man, how great would it be if we "took back the river". If Philly somehow promoted the use of the river by people, that would be amazing. Maybe build single family homes along some parts? More slips? I dunno. But it would be cool.

[Guipos08]

Originally Posted by cafeguy

Better link to it here... http://vimeo.com/112409848

But, man, how great would it be if we "took back the river". If Philly somehow promoted the use of the river by people, that would be amazing. Maybe build single family homes along some parts? More slips? I dunno. But it would be cool.

Thanks for sharing, i havent posted a video or photo yet so i wasnt quite sure.

[phillyskyline]

That's absolutely 🞵🞵🞵🞵🞵🞵🞵 amazing!! Thanks for sharing.

[UPenn18]

Originally Posted by cafeguy

But, man, how great would it be if we "took back the river". If Philly somehow promoted the use of the river by people, that would be amazing. Maybe build single family homes along some parts? More slips? I dunno. But it would be cool.

Man that would be cool but frankly the Schuylkill is pretty dirty... A lot of people wouldn't go near that water. It's a shame because I really do like the idea but it probably wouldn't happen anytime soon unless the water quality is improved.

[Flyers2001]

Originally Posted by UPenn18

Man that would be cool but frankly the Schuylkill is pretty dirty... A lot of people wouldn't go near that water. It's a shame because I really do like the idea but it probably wouldn't happen anytime soon unless the water quality is improved.

I don't think thats true. I think a lot of people would go if it was more accessible. There is no shortage of rowers. Besides the path, there is really nothing drawing people to the river. Many were hoping that Chop's new tower would have some sort of cafe. I think dinning along the river would be awesome (Besides Waterworks).

[Flyers2001]

http://www.philly.com/philly/business/20..._question_marks_in_city_s_landscape.html

I find it hard to believe that there is no plan B for the old Inky building.

8th and Market i find it very realistic that there is no plan B. My suggestion would be entertainment, retail, Hotel/Condo's and very big.

[EastSideHBG]

Originally Posted by ePlanningPhila

Is it just me, but the few times I have been there outside of the holidays, the mall was dead. (Maybe this just reflects suburbia in general).

The day and time you are there makes a world of difference and on many weekends it can get pretty packed.

[iamrobk]

I got to go inside the family court building the other day (fortunately just to observe!) and I'm kinda torn on it. It's pretty nice (nice enough, really) but each floor feels like an airport terminal. It's a weird vibe.

[apetrella802]

Originally Posted by Flyers2001

I don't think thats true. I think a lot of people would go if it was more accessible. There is no shortage of rowers. Besides the path, there is really nothing drawing people to the river. Many were hoping that Chop's new tower would have some sort of cafe. I think dinning along the river would be awesome (Besides Waterworks).

The river is far from dirty, you comments are uninformed, the para below is from a river tour I documented for the AIA Center for Architecture to be given in the Spring:
"For us today the Schuylkill River reflects successful efforts to restore a once polluted and dead river into one with 48 species of fish and supportive of many recreational activities . These efforts have restored in part the 19th c. Arcadian vision of the river we see in paintings of scullers by Thomas Eakins and the Romantic cluster of classically inspired buildings that comprise the Water Works. "

[Flyers2001]

Originally Posted by apetrella802

The river is far from dirty, you comments are uninformed, the para below is from a river tour I documented for the AIA Center for Architecture to be given in the Spring:
"For us today the Schuylkill River reflects successful efforts to restore a once polluted and dead river into one with 48 species of fish and supportive of many recreational activities . These efforts have restored in part the 19th c. Arcadian vision of the river we see in paintings of scullers by Thomas Eakins and the Romantic cluster of classically inspired buildings that comprise the Water Works. "

I think you meant to quote the other poster as I am in agreement that I don't think the river is dirty just that there is a lack of activity on the actual river.

[EastSideHBG]

More on KOP for those interested, including the proposed SEPTA rail routes:

King of Prussia poised for burst of development

Amid the growth, King of Prussia is facing the reality that it must reinvent itself. The area is largely built out, a sprawl of big stores, parking lots, and not much room to expand.

The long-term future, officials hope, lies in a recently rezoned business park that will allow people to live near where they work, shop, and play - a development designed to feed young adults' appetites for urban-style convenience, where cars aren't necessary and home has a sense of community.

"I think that it is King of Prussia embracing its ultimate destiny as an edge city," said Matt Popek, a member of the Upper Merion Township Planning Commission.

Read more at http://www.philly.com/philly/business/20..._of_development.html#VlyxUfbfI4L2VzSG.99


King of Prussia Development Projects
http://www.philly.com/philly/news/283596991.html


SEPTA Narrows Down Possible King of Prussia Rail Routes
Read more at http://www.philly.com/philly/news/283155091.html#YH1ULFGhgGsQCdMS.99

[jsbrook]

Originally Posted by EastSideHBG

More on KOP for those interested, including the proposed SEPTA rail routes:

King of Prussia poised for burst of development

Amid the growth, King of Prussia is facing the reality that it must reinvent itself. The area is largely built out, a sprawl of big stores, parking lots, and not much room to expand.

The long-term future, officials hope, lies in a recently rezoned business park that will allow people to live near where they work, shop, and play - a development designed to feed young adults' appetites for urban-style convenience, where cars aren't necessary and home has a sense of community.

"I think that it is King of Prussia embracing its ultimate destiny as an edge city," said Matt Popek, a member of the Upper Merion Township Planning Commission.

Read more at http://www.philly.com/philly/business/20..._of_development.html#VlyxUfbfI4L2VzSG.99


King of Prussia Development Projects
http://www.philly.com/philly/news/283596991.html


SEPTA Narrows Down Possible King of Prussia Rail Routes
Read more at http://www.philly.com/philly/news/283155091.html#YH1ULFGhgGsQCdMS.99

I am certainly not opposed to this, but King of Prussia has quite a long way to go before it is an edge city where people live, work, shop, and play.

[JustSomeGuyWho]

Originally Posted by apetrella802

The river is far from dirty, you comments are uninformed, the para below is from a river tour I documented for the AIA Center for Architecture to be given in the Spring:
"For us today the Schuylkill River reflects successful efforts to restore a once polluted and dead river into one with 48 species of fish and supportive of many recreational activities . These efforts have restored in part the 19th c. Arcadian vision of the river we see in paintings of scullers by Thomas Eakins and the Romantic cluster of classically inspired buildings that comprise the Water Works. "

... except for the occasional dead body

Seriously though, the river has come a long way. I don't remember any further back than the 70's but the difference between then and now is dramatic.

[Frontst17]

Long time lurker here but this was a cool article on the topic from philly.com

http://mobile.philly.com/news/?wss=/philly/news/science/&id=281397261

[apetrella802]

Originally Posted by Flyers2001

I think you meant to quote the other poster as I am in agreement that I don't think the river is dirty just that there is a lack of activity on the actual river.

sorry, you are correct, I meant to respond to the other poster

[summersm343]

Waverly Court expansion
13th and Waverly - Washington Square West
6 floor addition. Built atop surface parking lot.


http://www.phillyliving.com/blog/waverly-court-expansion-passes-muster-with-zba.html