PHILADELPHIA | Highrise Development Thread IX

[iheartphilly]

Originally Posted by Outta here

Anyone know what ever happened to the proposed training center the
76ers were making noise about , with their supposed move to Camden

It's underway...
See link for live webcam updates:
http://www.intechconstruction.com/current.php?mode=1&id=136

[Outta here]

Thanks .

[Philly Fan]

Parking Authority brings light to dank garage

[Jayfar]

Originally Posted by Cro Burnham

Come on - you know what we're saying. Why play devil's advocate when there's no point?

Walnut Street is great. But it could be so much better. 15th St intersection will be dominated by 3 cell phone stores. Is that going to kill Walnut? No, but it eliminates the possibility of so much more vitality.

The point is, if banks, cell phone stores, cheap fast food, no name eyeglass stores, and drugstores dominate the stretch, it will cease to be vital.

It's not hard to get this.

It's a real shame nothing can be done about it.

The thing is, there was something done about it, but it somehow became undone with the new zoning code. At least that's how it was explained to me in another forum when I mentioned that there *was* a zoning overlay that precluded those sorts of uses.

http://www.philadelphiaspeaks.com/forum/...-Environs?p=679980&viewfull=1#post679980

[jsbrook]

At the risk of derailing the thread again...easy to complain about where we are as far as retail (and of course retail is a proxy for larger things), but think about how far we've COME in a fairly short time. Here is a nice article:

http://wwd.com/retail-news/trends/philadelphia-retail-milennial-shoppers-10237076/

[Thoroughbred]

Originally Posted by iheartphilly

It's underway...
See link for live webcam updates:
http://www.intechconstruction.com/current.php?mode=1&id=136

Not only is it underway, but steel erection starts in a week or so...

[Boku]

Originally Posted by jsbrook

At the risk of derailing the thread again...easy to complain about where we are as far as retail (and of course retail is a proxy for larger things), but think about how far we've COME in a fairly short time. Here is a nice article:

http://wwd.com/retail-news/trends/philadelphia-retail-milennial-shoppers-10237076/

Good stuff here.

[1487]

It appears the long vacant 5-6 story building next to 5 below on Chestnut is finally being rehabbed. The facade is covered in scaffolding and there is a "work underway" permit in the front window. They started something here years ago and then it went silent. Apartments maybe?

[Jawnadelphia]

Hudson Hotel and SLS International news

"California-based SBE Entertainment Group plans a 152-guest-room SLS hotel on South Broad Street in a project that will also include 90 condo units.

Crews have finished preparing the site for construction and plan to begin building in early 2016, said Marianne Harris, marketing director for Dranoff Properties, the developer."


Read more at http://www.philly.com/philly/business/re...or_Hudson_Hotel.html#cm6gPvCpgS642Vhi.99

[summersm343]

New Pier 68 Park to be unveiled next week.

http://www.phillymag.com/property/2015/09/23/pier-68-philadelphia/
http://www.bizjournals.com/philadelphia/...aware-river-waterfront-pier-68-park.html

[summersm343]

Coworking Space added to the Curtis Center.

Keystone Property Group and Mack-Cali Realty Corp. confirmed they have signed Benjamin’s Desk to 10,000 square feet on the top floor of the 12-story building at 601 Walnut St. in Philadelphia. The property is now being called the Curtis.

Already, the co-working company has signed on a series of tenants to occupy a portion of the space.

The firms, which have been with Benjamin’s Desk from its beginning at another location in Center City, will relocate to the Curtis. Those companies are: Cross Valley Capital, an early-stage venture capital fund; Engine Room Technology, a web development firm; Legal Science, a data analysis startup; and Bunker Labs PHL, which is the Philadelphia affiliate of a Chicago-based incubator for veteran-founded startups.

Keystone Property and Mack-Cali are transforming the building into a mixed-use property that will have 57 high-end apartments, office space and restaurants. They bought the building in June 2014 for $125 million and decided to seize on the growing trend of urban living to carve out 90,000 square feet of the 886,000-square-foot office property and convert it into residential space.

http://www.bizjournals.com/philadelphia/...urtis-center-keystone-mack-cali-cre.html

[summersm343]

Columbus Square Park $2.8M Redesign to Begin 2017



http://philly.curbed.com/archives/2015/09/23/columbus-square-park-redesign.php

[tsarstruck]

Liberty announcing multi-use project for the Camen's waterfront site next to the Aquarium tomorrow. No details yet:

http://www.philly.com/philly/news/local/..._announce_Camden_waterfront_project.html

[summersm343]

Originally Posted by tsarstruck

Liberty announcing multi-use project for the Camen's waterfront site next to the Aquarium tomorrow. No details yet:

http://www.philly.com/philly/news/local/..._announce_Camden_waterfront_project.html

Great news! Hopefully a few highrises to line the waterfront and office space to bring companies closer to Philly. What site is it? Do we know yet?

[McBane]

I'm cautiously optimistic about this Camden project. It all depends on who the target tenants are. I personally want to see a healthy satellite city across the river (like Jersey City). BUT - right now Center City is a high tax business district that is increasingly surrounded by locales with little or no taxes. First KOZ in Univ City, then Navy Yard, and now Camden. IF the targeted tenants are businesses from South Jersey suburbs, North Jersey, or NYC, then this would be a HUGE WIN for the entire region. But hopefully this project won't pull businesses from Center City.

Anybody know how vested Liberty is in Center City? I know they have the two Comcast buildings but those are leased almost entirely by Comcast. Do they still own the Liberty Place complex? Do they have a financial interest in keeping tenants in CC?

[summersm343]

Originally Posted by McBane

I'm cautiously optimistic about this Camden project. It all depends on who the target tenants are. I personally want to see a healthy satellite city across the river (like Jersey City). BUT - right now Center City is a high tax business district that is increasingly surrounded by locales with little or no taxes. First KOZ in Univ City, then Navy Yard, and now Camden. IF the targeted tenants are businesses from South Jersey suburbs, North Jersey, or NYC, then this would be a HUGE WIN for the entire region. But hopefully this project won't pull businesses from Center City.

Anybody know how vested Liberty is in Center City? I know they have the two Comcast buildings but those are leased almost entirely by Comcast. Do they still own the Liberty Place complex? Do they have a financial interest in keeping tenants in CC?

Let's not jump to conclusions before we see what LPT is planning and what companies (if any) are involved. Having spoken to LPT execs before, I doubt they would be trying to poach jobs and companies from Center City. They'd probably be looking outside the region - or at the very least - further out in the burbs to bring them to a more central location.

[thisisforreal]

Saw this today and thought it was worth sharing here. Breakdown of residential housing stock for Philadelphia compared to other major metropolitan areas elsewhere in the country:

[hammersklavier]

Originally Posted by br323206

I don't get these constant complaints any time the discussion veers to a topic people aren't interested. Discussions of taxes and retail options are very relevant to development in Philadelphia. Can't people just scroll past the posts they don't like?

Hey now, I ignore the discussions I don't care for (unless it degenerates into UR AN IDIYIT -- NO U R etc) and I take especially great pleasure in ignoring people who whinge when the discussion turns to topics they don't care for.

[Philly-Drew]

Originally Posted by br323206

I don't get these constant complaints any time the discussion veers to a topic people aren't interested. Discussions of taxes and retail options are very relevant to development in Philadelphia. Can't people just scroll past the posts they don't like?

Of course I can scroll past it. In fact I have been scrolling past most of it.

Originally Posted by 1487

I do not see why so many spend so much time complaining about "off topic" discussions- especially in a general development thread.

Really? I said one quick comment in response to pages and pages of off-topic posts. BTW, this isn't the "General Development Thread", it's the "Development Thread". Didn't we all have a conversation about what's appropriate and not appropriate in he two threads like a couple months ago?

Thisisforreal, awesome chart. Wow. It puts a lot in perspective.

[BenKatzPhillytoParis]

Originally Posted by thisisforreal

Saw this today and thought it was worth sharing here. Breakdown of residential housing stock for Philadelphia compared to other major metropolitan areas elsewhere in the country:

WOW! Really cool. We really are a rowhome city.

2 particularly interesting things:

1: We have the smallest percentage of single detached among all the cities yet (at least among the largest cities) also have one of the smallest percentages of large multifamily housing.

2: Shows how much Philly and Baltimore are kindred cities in terms of the distribution.