PHILADELPHIA | Highrise Development Thread IX - Page 637

Gonzo16 · #**12721** Posted **Dec 6, 2016, 12:39 AM**

I'll be right back but first I have to pee

summersm343 · #**12722** Posted **Dec 6, 2016, 1:02 AM**

Center City District: Increased Demand, Growing Population Fuel $1 Billion in Demand For Downtown Retail

http://www.centercityphila.org/pressroom/prelease120516.php

jsbrook · #**12723** Posted **Dec 6, 2016, 1:32 AM**

Quote:

Originally Posted by summersm343

Center City District: Increased Demand, Growing Population Fuel $1 Billion in Demand For Downtown Retail

http://www.centercityphila.org/pressroom/prelease120516.php

Enough to get a legit fullscale department store (cough, Nordstrom, cough, Bloomingdales), to commit does one dare hope??

Justin7 · #**12724** Posted **Dec 6, 2016, 1:37 PM**

Quote:

Originally Posted by City Wide

I never know what to make of these type of numbers, and how true to think they are. Why would any owner willingly acknowledge that they are having some problems?

Why would the numbers be so different between 3601 Market and 3737 Chestnut? The 2 buildings are just 2 long blocks apart, so I doubt that location plays is that much of a factor. Are the actual units and the sq.ft. prices so much different?

I know that 3601 has tried to place itself as not just another student housing block, but does that mean that 3737 is just, more or less, a private student dorm?

In any case, the success of 3737 might be some type of indication that other similar projects can work in that area. Which is good news!

I've thought that a condo project might work in UC. One where the buyer could get some type of warranty where they wouldn't lose money if sold after 4 years. That way good old Mom and Dad could buy junior a condo to live in for 4 years while going to Penn or Drexel, and know they would/could get their principal back in 4 years. Anybody want to partner up with me?!

Please stop posting everything in large text.

jsbrook · #**12725** Posted **Dec 6, 2016, 1:58 PM**

Quote:

Originally Posted by Justin7

Please stop posting everything in large text.

City Wide · #**12726** Posted **Dec 6, 2016, 2:45 PM**

Quote:

Originally Posted by Justin7

Please stop posting everything in large text.

what's your problem; I would appreciate it if you stopped posting in small text.

acenturi · #**12727** Posted **Dec 6, 2016, 11:40 PM**

Quote:

Originally Posted by Justin7

Please stop posting everything in large text.

Agree, that's why the IGNORE feature is so great. Surprised the Web master permits it as it increases the page count, while adding nothing to the discussion.

PhillySteaks · #**12728** Posted **Dec 7, 2016, 5:14 PM**

Quote:

Originally Posted by acenturi

Agree, that's why the IGNORE feature is so great. Surprised the Web master permits it as it increases the page count, while adding nothing to the discussion.

Why do I get the feeling that this thread is filled with the type of people that watch their neighbors every move and try to get them fined for leaving their trash cans out an hour past the deadline

summersm343 · #**12729** Posted **Dec 7, 2016, 6:56 PM**

Hot damn!

Looks like this was posted by Bradley Maule, and then re-posted by Building Philly. It is the same skyline shot from 2005, to 2016.

https://www.facebook.com/BuildingPhilly

1487 · #**12730** Posted **Dec 7, 2016, 7:22 PM**

this sounds interesting. Can someone open?

http://www.bizjournals.com/philadelphia/...r-city-tenants-lease-new-offices-in.html

summersm343 · #**12731** Posted **Dec 7, 2016, 7:31 PM**

Quote:

Originally Posted by 1487

this sounds interesting. Can someone open?

http://www.bizjournals.com/philadelphia/...r-city-tenants-lease-new-offices-in.html

Nothing really interesting. Law firm Montgomery McCracken is moving from a 60,000 sq ft space in 123 S. Broad Street (Wells Fargo Building) to a 75,000 sq ft space at 1735 Market Street (BNY Mellon Center).

Merrill Lynch is moving from 45,000 sq ft in One Liberty Place, to 27,000 sq ft in 1600 JFK Blvd. (Four Penn Center).

The only semi interesting tidbit, is that there are two more pending deals for BNY Mellon Center that have yet to be announced that will take up another 50,000 sq ft in the building. That leaves 275,000 sq ft of space left in the building of the 400,000 sq ft left vacant by Sunoco moving to Newtown Square, and FMC moving to FMC Tower.

City Wide · #**12732** Posted **Dec 7, 2016, 9:10 PM**

[QUOTE=summersm343;7644636]Hot damn!

Looks like this was posted by Bradley Maule, and then re-posted by Building Philly. It is the same skyline shot from 2005, to 2016.

can you please post your photos in a smaller format? We don't want to be taking up too many web pages!

PhilliesPhan · #**12733** Posted **Dec 7, 2016, 9:17 PM**

Quote:

Originally Posted by summersm343

Hot damn!

Looks like this was posted by Bradley Maule, and then re-posted by Building Philly. It is the same skyline shot from 2005, to 2016.

https://www.facebook.com/BuildingPhilly

From when I was 10 and living in West Philly, to being 21 and attending college in North Philly! Time really change a lot, and our skyline is no exception to that! I can't wait to see what another 10 years will bring to this amazing city (although I don't want to think about being 31!

). Excellent post!

Knight Hospitaller · #**12734** Posted **Dec 7, 2016, 9:58 PM**

Quote:

Originally Posted by summersm343

Law firm Montgomery McCracken is moving from a 60,000 sq ft space in 123 S. Broad Street (Wells Fargo Building) to a 75,000 sq ft space at 1735 Market Street (BNY Mellon Center)

I've had many a St. Thomas More Society (Catholic lawyers) lunch in their firm library space (a former dining club at the top of the Fidelity - don't you Wells Fargo me - Building). It's a very nice space, so I hope it is put to good - and hopefully quasi-public - use.

jsbrook · #**12735** Posted **Dec 7, 2016, 10:10 PM**

Quote:

Originally Posted by Knight Hospitaller

I've had many a St. Thomas More Society (Catholic lawyers) lunch in their firm library space (a former dining club at the top of the Fidelity - don't you Wells Fargo me - Building). It's a very nice space, so I hope it is put to good - and hopefully quasi-public - use.

Edit. Never mind.

VTinPhilly · #**12736** Posted **Dec 9, 2016, 3:40 AM**

Quote:

Originally Posted by jsbrook

Enough to get a legit fullscale department store (cough, Nordstrom, cough, Bloomingdales), to commit does one dare hope??

In addition to Dillard's Department Store, there is a Nordstrom's Department Store located in the MacArthur Center in the heart of downtown Norfolk, Virginia (of all places!!). It boggles the mind that a small city like Norfolk (pop. 250,000) with a very small downtown can have a Nordstrom's and a Dillard's while downtown Philly, with 185,000 people, only has a Macy's.

jsbrook · #**12737** Posted **Dec 9, 2016, 2:12 PM**

Quote:

Originally Posted by VTinPhilly

In addition to Dillard's Department Store, there is a Nordstrom's Department Store located in the MacArthur Center in the heart of downtown Norfolk, Virginia (of all places!!). It boggles the mind that a small city like Norfolk (pop. 250,000) with a very small downtown can have a Nordstrom's and a Dillard's while downtown Philly, with 185,000 people, only has a Macy's.

Well, we do have a Nordstrom in King of Prussia and Cherry Hill. I'm not sure what the wealth in the suburbs surrounding Norfolk is like or what the next nearest Nordstrom is. Nonetheless, I hope we're getting to the point where Center City demographics and wealth can support a Nordstrom or similar department store even with the relatively nearby suburban ones.

ePlanningPhila · #**12738** Posted **Dec 9, 2016, 4:17 PM**

Quote:

Originally Posted by jsbrook

Well, we do have a Nordstrom in King of Prussia and Cherry Hill. I'm not sure what the wealth in the suburbs surrounding Norfolk is like or what the next nearest Nordstrom is. Nonetheless, I hope we're getting to the point where Center City demographics and wealth can support a Nordstrom or similar department store even with the relatively nearby suburban ones.

Bloomingdales is actively looking for a 120,000 - 150,000 square foot space for a full line store in Center City. (In most regards I find Bloomingdales better than Nordstrom). There currently is a Bloomingdales at King of Prussia and Willow Grove. The problem with Center City, is there is a lack of space in the desirable retail districts to support the footprint of a full line Department store. My guess is within the next 2 years Bloomingdales will definitely be opening their doors in the city. The Macys in Center City is the best performing Macys in the region and one of the best performing in the Mid Atlantic. (Macys is the parent company of Bloomingdales).

city/http://www.phillymag.com/property/2015/03/05/bloomingdales-officially-looking-space-center-city/

1487 · #**12739** Posted **Dec 9, 2016, 4:37 PM**

Quote:

Originally Posted by ePlanningPhila

Bloomingdales is actively looking for a 120,000 - 150,000 square foot space for a full line store in Center City. (In most regards I find Bloomingdales better than Nordstrom). There currently is a Bloomingdales at King of Prussia and Willow Grove. The problem with Center City, is there is a lack of space in the desirable retail districts to support the footprint of a full line Department store. My guess is within the next 2 years Bloomingdales will definitely be opening their doors in the city. The Macys in Center City is the best performing Macys in the region and one of the best performing in the Mid Atlantic. (Macys is the parent company of Bloomingdales).

city/http://www.phillymag.com/property/2015/03/05/bloomingdales-officially-looking-space-center-city/

very interesting point. The corridor with the best rents and best demographic customers is Walnut but there are no huge retail spaces along Walnut. Most of the newest large retail spaces are being created on Market East where a high end flagship retailer in need of a huge block of space would be afraid to locate- at least for now. I really want to see what is going to fill up East Market. Considering it will be opening phase 1 summer 2017 I am surprised so little is known about who will be in that building beyond Wawa.

jsbrook · #**12740** Posted **Dec 9, 2016, 4:46 PM**

Quote:

Originally Posted by ePlanningPhila

Bloomingdales is actively looking for a 120,000 - 150,000 square foot space for a full line store in Center City. (In most regards I find Bloomingdales better than Nordstrom). There currently is a Bloomingdales at King of Prussia and Willow Grove. The problem with Center City, is there is a lack of space in the desirable retail districts to support the footprint of a full line Department store. My guess is within the next 2 years Bloomingdales will definitely be opening their doors in the city. The Macys in Center City is the best performing Macys in the region and one of the best performing in the Mid Atlantic. (Macys is the parent company of Bloomingdales).

city/http://www.phillymag.com/property/2015/03/05/bloomingdales-officially-looking-space-center-city/

This article is nearly 2 years old. It's never been properly substantiated. But I would be happy with a Bloomingdales and do hope we're at the point where one can be profitable here and we land one.