PHILADELPHIA | Lowrise/General Developments Thread - Page 228

summersm343 · #**4541** Posted **Dec 1, 2015, 4:17 AM**

46th and Cedar - 4610 Cedar Ave

Small, but a great development knocking out a surface parking lot in West Philly.

http://philly.curbed.com/archives/2015/11/30/4610-cedar-ave-completion-date.php

summersm343 · #**4542** Posted **Dec 1, 2015, 4:29 AM**

University City Science Center completes pocket park

http://www.bizjournals.com/philadelphia/...ity-science-center-innovation-plaza.html

UPenn18 · #**4543** Posted **Dec 1, 2015, 5:14 AM**

Quote:

Originally Posted by summersm343

University City Science Center completes pocket park

http://www.bizjournals.com/philadelphia/...ity-science-center-innovation-plaza.html

So that's what I saw when I walked by there today. This thing really pops out at night because there these red, glowing arches over the walkway. They were so bright, I wasn't even on Market and I stopped and slowed down to see what it was. This will be an important connection for the UCity Square development to make the Market Street barrier that divides University City a little less formidable.

Stafford_phlre · #**4544** Posted **Dec 1, 2015, 7:43 AM**

Completely off topic, What is everyone's thoughts on Francisville and the minor developments occurring in that neighborhood along the ridge avenue corridor?

Ive heard many people refer to it as the next Graduate hospital but also a dead end...input is valued.

Thanks

ScreamShatter · #**4545** Posted **Dec 1, 2015, 1:24 PM**

Quote:

Originally Posted by Stafford_phlre

Completely off topic, What is everyone's thoughts on Francisville and the minor developments occurring in that neighborhood along the ridge avenue corridor?

Ive heard many people refer to it as the next Graduate hospital but also a dead end...input is valued.

Thanks

I lived in Francisville a decade ago while I was a student a Temple. Very different today than it was, of course.

Personally, I think this area has potential for a little more density than Graduate Hospital. I also don’t think it’s a dead end, at all, as its pinned between areas that are developed or quickly developing (Fairmont, Brewrytown, Temple, NoLibs, N Broad St, etc).

To me it seems like the center city is unevenly spilling into adjacent areas. Personally, I think north of center city is seeing the largest amount of development, in regards to new housing options. And I’m guessing that will translate to thriving commercial corridors down streets like North Broad, Ridge, Girard, Germantown Ave, Frankford, Fairmont, etc. So I’m thinking Francisville will touch a number of those commercial areas which will make for an exciting place to live, in the long run.

Just my unofficial speculation.

Human Scale · #**4546** Posted **Dec 1, 2015, 2:42 PM**

Quote:

Originally Posted by Stafford_phlre

Completely off topic, What is everyone's thoughts on Francisville and the minor developments occurring in that neighborhood along the ridge avenue corridor?

Ive heard many people refer to it as the next Graduate hospital but also a dead end...input is valued.

Thanks

-5 year lookout: Fishtown
Current: East Passyunk
5 year lookout: Point Breeze (cheap stock, CHOP)
10 year lookout: Francisville/Fairmount & Broad (multiple investment projects)
15 year lookout: Powelton/Mantua (railyard capping)

BenKatzPhillytoParis · #**4547** Posted **Dec 1, 2015, 2:54 PM**

Quote:

Originally Posted by Human Scale

-5 year lookout: Fishtown
Current: East Passyunk
5 year lookout: Point Breeze (cheap stock, CHOP)
10 year lookout: Francisville/Fairmount & Broad (multiple investment projects)
15 year lookout: Powelton/Mantua (railyard capping)

I think Mantua is less given that UC is already adding so many jobs. It's not far at all from Science Center. I wouldn't really put Powelton on list. It's not really been a distressed neighborhood.

Tlphila · #**4548** Posted **Dec 1, 2015, 3:22 PM**

Quote:

Originally Posted by Human Scale

-5 year lookout: Fishtown
Current: East Passyunk
5 year lookout: Point Breeze (cheap stock, CHOP)
10 year lookout: Francisville/Fairmount & Broad (multiple investment projects)
15 year lookout: Powelton/Mantua (railyard capping)

I also think Grays Ferry has tons of potential. Pennovation is under construction, the new parks along the river, and its prime location close to Center City & University City etc. I drove through the other day, the northern end of the neighborhood is starting to see a flurry of development and construction in Pt. Breeze is almost right up against the 25th St. tracks.

Larry King · #**4549** Posted **Dec 1, 2015, 3:24 PM**

throw a dart anywhere within 5 miles of center city and you can't go wrong, philly is on fire

Arch+Eng · #**4550** Posted **Dec 1, 2015, 4:07 PM**

Quote:

Originally Posted by Larry King

throw a dart anywhere within 5 miles of center city and you can't go wrong, philly is on fire

I would say 3 Miles.
I too am trying to find a good neighborhood to get an investment property in.
One that will Gentrify in the next 5-10 years and is relativity cheap now.

McBane · #**4551** Posted **Dec 1, 2015, 4:25 PM**

^

Germantown. Inexpensive but beautiful bones - think University City-type housing stock, a cobblestone commercial street, and easy rail access to Center City.

Arch+Eng · #**4552** Posted **Dec 1, 2015, 4:53 PM**

Quote:

Originally Posted by McBane

^

Germantown. Inexpensive but beautiful bones - think University City-type housing stock, a cobblestone commercial street, and easy rail access to Center City.

I love Germantowns housing stock, but it just seems so far away from CC.
Maybe that doesn't matter, as Manayunk & East Falls etc. have transformed and they are relativity the same distance.

I will look into this.

Larry King · #**4553** Posted **Dec 1, 2015, 5:40 PM**

Quote:

Originally Posted by Arch+Eng

I would say 3 Miles.
I too am trying to find a good neighborhood to get an investment property in.
One that will Gentrify in the next 5-10 years and is relativity cheap now.

Check out brewerytown (west of 27, south of Cecil) or Norris square area

Arch+Eng · #**4554** Posted **Dec 1, 2015, 6:25 PM**

Quote:

Originally Posted by Larry King

Check out brewerytown (west of 27, south of Cecil) or Norris square area

Thanks Larry. Will do.

1487 · #**4555** Posted **Dec 1, 2015, 6:36 PM**

Quote:

Originally Posted by Arch+Eng

I love Germantowns housing stock, but it just seems so far away from CC.
Maybe that doesn't matter, as Manayunk & East Falls etc. have transformed and they are relativity the same distance.

I will look into this.

Germantown is hardly far from CC. Its like 20 min by train or car. The issues there are more related to the poor condition of the housing stock and lack of viable retail corridor that would be able to compete with Main street, Frankford Ave, etc. It's certainly close enough to CC and fairmount park to be a candidate for a future hotbed of activity.

summersm343 · #**4556** Posted **Dec 1, 2015, 7:48 PM**

Groundbreaking at Subaru’s New U.S. Headquarters in Camden set for Next Week

Quote:

Subaru of America will break ground on its new U.S. corporate headquarters next week, as the company officially cements its move from nearby Cherry Hill to the Gateway District on Admiral Wilson Boulevard near Campbell’s Soup Company.

The District is owned by Campbell’s, and the 13-acre swath of the city is being developed by Brandywine Realty Trust. As such, Denise Morrison, President and CEO of Campbell’s Soup Company, and Jerry Sweeney, President and CEO of Brandywine Realty Trust, will join Subaru’s Thomas Doll, Subaru’s President and COO and Mayor Dana Redd in the ceremonial moving of the dirt. We anticipate that shiny shovels and hardhats will be involved.

Subaru received $118 million in grants from the New Jersey Economic Development Authority to move from Cherry Hill. At 250,000-square-feet, the new facility will be double the size of their current home and house around 600 employees.

Read more at http://www.phillymag.com/property/2015/12/01/subaru-camden-groundbreaking/#Tj9XrlWEAMLfF6Pg.99

Boku · #**4557** Posted **Dec 1, 2015, 8:53 PM**

Restaurant chain makes 'bet' on Phila. as ‘home base’ for East Coast expansion

http://www.bizjournals.com/philadelphia/...l-phila-east-coast-middle-east-food.html

Not really development-related, but you gotta love the quotes.

Quote:

The Philadelphia region serves as a "great beachhead toward the East Coast," said Justin Halpenny, cofounder and senior vice president of development. "It's a very trendy city, and there are a lot of pockets that fit our demographics."

Quote:

"We're doing a bet on Philly and making an investment in the city," Sloan said. "It's a big step for us. … We're excited to do it and hopefully the people of Philly and the East Coast will like our concept just as much as the people on the West Coast do."

summersm343 · #**4558** Posted **Dec 1, 2015, 9:20 PM**

Quote:

Originally Posted by Boku

Restaurant chain makes 'bet' on Phila. as ‘home base’ for East Coast expansion

http://www.bizjournals.com/philadelphia/...l-phila-east-coast-middle-east-food.html

Not really development-related, but you gotta love the quotes.

Love it! I read this article too. I wish more corporations would think like this. Either way, this will add jobs to the area. So, can't complain

Knight Hospitaller · #**4559** Posted **Dec 1, 2015, 9:25 PM**

Quote:

Originally Posted by summersm343

Love it! I read this article too. I wish more corporations would think like this. Either way, this will add jobs to the area. So, can't complain

Also not development related, but in a similar vein, a Nashville outfit is testing a clinic concept at three locations here:

http://www.bizjournals.com/philadelphia/...h-citylife-clinic-open-philadelphia.html

summersm343 · #**4560** Posted **Dec 1, 2015, 9:29 PM**

Quote:

Originally Posted by Knight Hospitaller

Also not development related, but in a similar vein, a Nashville outfit is testing a clinic concept at three locations here:

http://www.bizjournals.com/philadelphia/...h-citylife-clinic-open-philadelphia.html

Which is also great since the clinics will likely create higher paying jobs than the restaurants.