Quote:
Originally Posted by ILovePhilly
But if two 300 foot towers fit better into the city, supply better street frontage, don't disrupt the street grid, and don't require the destruction of historic and charming buildings, wouldn't we all be better off? And why does it have to be 2 300' towers? why not 2 500' towers? This proposal plants one tower on the footprint of what could be two towers; isn't that inefficiency a bad thing for skyscraper fans, consuming two lots for one building? I don't think we should say that the taller the building the better the other external consequences to the city be damned.
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Blasphemy!!!
How many of you guys are constantly complaining that buildings aren't tall enough when they're in the 300 foot range. 3601 Market, 1919 Market... all of these towers have constant complaints about height. Now we get a 600 footer and you're saying maybe we'd be better off with two 300 footers?
It's insanity! And I'm not saying you're one of the ones always complaining but are we ever going to be satisfied? Seems not.
There likely isn't enough demand for two 500 footers of pure residential in Philadelphia. I know we don't like to hear that but that's just how it is. The developer has done their homework on the market and know the ratio of condos and apartments they need to be successful and get their money back on investment within a timely manner. A 500 foot apartment tower would be over 500 apartments. That would take years to lease out. A 500 foot condo tower would be over 200 condos and would take years to sell. That's a lot if you ask me. Now we're pushing it into unknown territory and risking apartments and condos sitting vacant through another housing crash. This is a risk no developer or financier is willing to take.
A good ratio for success with new buildings in Philadelphia recently seems to be around 300-350 apartments and 50-125 condos. A 300-350 apartment building would be no taller than 350-400 feet. A 50-125 condo building would be no taller than 250-350 feet. So, how about combine the condo and apartment aspect and stack them on top of each other to achieve more height? Higher up apartments and condos with better views can also achieve a higher dollar which allows for more money to be put into the design and construction. This is part of the reason a lot of the shorter towers (1900 Arch) are nothing special to crumby design wise.
Point is, building in one single, tall tower is better all around. Better design and better for the developer and also more likely to be financed.