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  #12801  
Old Posted Dec 14, 2016, 12:43 AM
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Up on the 57th floor, Two Liberty Place penthouse sells for a cool $11 million

http://www.philly.com/philly/business/20...thouse_sells_for_a_cool__11_million.html
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  #12802  
Old Posted Dec 14, 2016, 1:31 AM
jsbrook jsbrook is offline
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Originally Posted by summersm343 View Post
Up on the 57th floor, Two Liberty Place penthouse sells for a cool $11 million

http://www.philly.com/philly/business/20...thouse_sells_for_a_cool__11_million.html
That's good, I guess. Personally, I think Two Liberty is the worst of the luxury condo buildings in virtually all respects. But I'm glad the expensive condos there are selling.
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  #12803  
Old Posted Dec 14, 2016, 1:37 AM
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A Sixers-owned arena would be good for the Sixers ownership but bad for just about everybody else. A Camden arena would just spawn a new parking crater there; a CC one would take up excessive public money and eat up valuable land; a suburban one is probably what he'd shoot for and that'd be a waste of money.

Incidentally, the Pistons are moving into the new Red Wings arena over in Detroit.

There really isn't any need for a new arena in this town. Wells Fargo's been well-invested-in despite its age, and all the various D1 programs have arenas they're happy with.
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  #12804  
Old Posted Dec 14, 2016, 3:26 AM
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Agreed that the WFC is good for at least another 10 years. If we are to build a new stadium, I'd love to see a Center City arena but only if it's Sixers and Flyers. Otherwise I don't think it would get enough usage to be worth it (also considering that they only play half the year anyway!).
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  #12805  
Old Posted Dec 14, 2016, 5:46 AM
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If the Sixers really want their own arena it might be a good idea to work it into 30th Street master plan.
That might be an ideal location if they can get the ramps from 76 in order. Having this where the terminal transit tower is proposed would work nice - we can just bump the big guy a bit farther north.
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  #12806  
Old Posted Dec 14, 2016, 1:06 PM
1487 1487 is offline
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That's good, I guess. Personally, I think Two Liberty is the worst of the luxury condo buildings in virtually all respects. But I'm glad the expensive condos there are selling.
its been a slow process, they haven't exactly been flying off the market. I wonder how many are still remaining.
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  #12807  
Old Posted Dec 14, 2016, 3:12 PM
ePlanningPhila ePlanningPhila is offline
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That's good, I guess. Personally, I think Two Liberty is the worst of the luxury condo buildings in virtually all respects. But I'm glad the expensive condos there are selling.
Ive had the pleasure of being in one of the units in Two Liberty. They are nicely done, and while at the ground level they appear to be unattractive, given the wide variety of uses within the building, they are quite intimate and very well finished.

The big selling point is the views, they are 100% the best residential views in the city.
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  #12808  
Old Posted Dec 14, 2016, 3:15 PM
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its been a slow process, they haven't exactly been flying off the market. I wonder how many are still remaining.
I think a decent number are still remaining. They are weird units in a location that is subpar compared to many others. I don't like the views either. I think a cityscape view closer to eye level like many of the units of 10 Rit have is far preferable. I generally only like airplane views if it's of something like Central Park. I'm sure plenty disagree on that, though.
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  #12809  
Old Posted Dec 14, 2016, 3:18 PM
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Originally Posted by ePlanningPhila View Post
Ive had the pleasure of being in one of the units in Two Liberty. They are nicely done, and while at the ground level they appear to be unattractive, given the wide variety of uses within the building, they are quite intimate and very well finished.

The big selling point is the views, they are 100% the best residential views in the city.
I don't think they are. I much prefer the bedroom views of Rittenhouse Square and greatroom view of the cityscape from 10 Rit in the 03 units of a high floor. But to each his or her own. My only direct experience is R2L and photos, though. I haven't personally been in the Two Liberty units while I have been in 10 Rit and 1706 Rittenhouse units. So, maybe I'd feel differently seeing them in person.
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  #12810  
Old Posted Dec 14, 2016, 3:39 PM
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Originally Posted by El Duderino View Post
That might be an ideal location if they can get the ramps from 76 in order. Having this where the terminal transit tower is proposed would work nice - we can just bump the big guy a bit farther north.
About two years ago I heard some rumblings that the flyers could be interested in an arena out there
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  #12811  
Old Posted Dec 14, 2016, 5:36 PM
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The way I see it a downtown arena is something cities do when they are struggling to get people downtown. They are willing to put up with the negatives like traffic and parking to spawn other economic activity like pre and post-game nightlife. We don't have a problem getting people into Center City for dinner and drinks so the negative externalities probably outweigh any additional benefit.

On the other hand, an arena by 30th street could help ensure that some of the commercial space that is planned goes beyond the traditional breakfast and lunch options.

A suburban arena would be f%^&ing disaster, jouranlists at the DNC thought the WFC was hard to get to, wait until we put it in KOP...
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  #12812  
Old Posted Dec 14, 2016, 7:58 PM
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The Flyers are not moving anywhere. They invested tons of money in upgrades to the WFC in avoidance to having to build a new arena. Couple that with Xfinity Live and its possible expansions.
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  #12813  
Old Posted Dec 14, 2016, 9:14 PM
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The WFC will last a while and when a new arena is needed it should be in the area - to me the stadium area in general could benefit from more development

Pattison lined by apartment (good BSL and/or NY access). Imagine a street wall with bars and restaurants by CBP etc.

the sixers may want their own though regardless of what any of u want or would be best as they want what is best for them
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  #12814  
Old Posted Dec 14, 2016, 11:31 PM
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Was out taking some pics today, thought I'd share one with you guys!
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  #12815  
Old Posted Dec 15, 2016, 2:11 AM
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^^Great shot
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  #12816  
Old Posted Dec 15, 2016, 3:10 AM
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Originally Posted by Parkway View Post
The way I see it a downtown arena is something cities do when they are struggling to get people downtown. They are willing to put up with the negatives like traffic and parking to spawn other economic activity like pre and post-game nightlife. We don't have a problem getting people into Center City for dinner and drinks so the negative externalities probably outweigh any additional benefit.

On the other hand, an arena by 30th street could help ensure that some of the commercial space that is planned goes beyond the traditional breakfast and lunch options.

A suburban arena would be f%^&ing disaster, jouranlists at the DNC thought the WFC was hard to get to, wait until we put it in KOP...
Agreed 100%. We don't need an arena in Center City. But....as a catalyst for the Schuylkill Yards or to energize the area immediately adjacent to 30th Street? I wouldn't be against that. Fun to think about, but I agree it's not happening soon and most likely the stadiums/arenas remain where they are (but maybe closer to the subway).
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  #12817  
Old Posted Dec 15, 2016, 4:44 AM
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Agreed 100%. We don't need an arena in Center City. But....as a catalyst for the Schuylkill Yards or to energize the area immediately adjacent to 30th Street? I wouldn't be against that. Fun to think about, but I agree it's not happening soon and most likely the stadiums/arenas remain where they are (but maybe closer to the subway).
Yea I guess I don't see a downtown arena in the same light as many here. Generally I think the sports complex is a good idea, although it could certainly be improved. I thought the Chinatown Phillies stadium was a terrible idea, and even though it's not even downtown, I'm not a fan of the Temple stadium plan. I generally agree with the assertion that a few people here have made that placing sports venues in downtown areas is generally done in struggling cities with plenty of empty space downtown and they generally aren't very successful.

BUT. A basketball arena is the one sports venue that I'm not opposed to. Of the 4 major american sports, it is by far the smallest playing surface, even a hockey rink is almost 4 times larger. So obviously Basketball Arenas can be made comparatively much smaller than the venues for the other sports. That means they don't have to break up the urban fabric and can easily fit on a standard city block. Plus if done correctly, an arena needn't only be active and vibrant on a game day. By virtue of a basic arena design, with seats rising in height as they move further away from the court, that leaves plenty of room at street level, beneath the highest seats. That space can be utilized by bars, restaurants, etc in order to insure a vibrant scene at street level. Also the idea that it takes up space that could otherwise be used for skyscraper I reject entirely. There is still plenty of room for skyscrapers in Center City, this really isn't a concern for the foreseeable future. So honestly I don't see a major negative in a downtown basketball arena.

And besides the lack of major negatives, no one here seems to be mentioning the positives. The sports complex is great, but as we saw with the DNC, it's not always advantageous to have all of your arenas so far from Center City. A downtown arena would be an asset to the convention center and would make booking large conventions easier. It would also create a large performance space for concerts that Center City is lacking. Data on the positive economic benefits of such sports venues is largely overstated in order to acquire government funds and subsidies. But it would be foolish to say there is no positive economic impact for the surrounding area. Thousands of people coming from around the city and beyond to a Center City arena would certainly bring an influx cash into local businesses.

So yes, I'd be against government subsidies going to any sports arena project. But assuming the 76ers foot the bill themselves, and don't pass the burden onto the taxpayers, I actually think it may be a good idea.
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  #12818  
Old Posted Dec 15, 2016, 10:26 AM
Caruso975 Caruso975 is offline
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Originally Posted by allovertown View Post
Yea I guess I don't see a downtown arena in the same light as many here. Generally I think the sports complex is a good idea, although it could certainly be improved. I thought the Chinatown Phillies stadium was a terrible idea, and even though it's not even downtown, I'm not a fan of the Temple stadium plan. I generally agree with the assertion that a few people here have made that placing sports venues in downtown areas is generally done in struggling cities with plenty of empty space downtown and they generally aren't very successful.

BUT. A basketball arena is the one sports venue that I'm not opposed to. Of the 4 major american sports, it is by far the smallest playing surface, even a hockey rink is almost 4 times larger. So obviously Basketball Arenas can be made comparatively much smaller than the venues for the other sports. That means they don't have to break up the urban fabric and can easily fit on a standard city block. Plus if done correctly, an arena needn't only be active and vibrant on a game day. By virtue of a basic arena design, with seats rising in height as they move further away from the court, that leaves plenty of room at street level, beneath the highest seats. That space can be utilized by bars, restaurants, etc in order to insure a vibrant scene at street level. Also the idea that it takes up space that could otherwise be used for skyscraper I reject entirely. There is still plenty of room for skyscrapers in Center City, this really isn't a concern for the foreseeable future. So honestly I don't see a major negative in a downtown basketball arena.

And besides the lack of major negatives, no one here seems to be mentioning the positives. The sports complex is great, but as we saw with the DNC, it's not always advantageous to have all of your arenas so far from Center City. A downtown arena would be an asset to the convention center and would make booking large conventions easier. It would also create a large performance space for concerts that Center City is lacking. Data on the positive economic benefits of such sports venues is largely overstated in order to acquire government funds and subsidies. But it would be foolish to say there is no positive economic impact for the surrounding area. Thousands of people coming from around the city and beyond to a Center City arena would certainly bring an influx cash into local businesses.

So yes, I'd be against government subsidies going to any sports arena project. But assuming the 76ers foot the bill themselves, and don't pass the burden onto the taxpayers, I actually think it may be a good idea.
So here is how I think this works. Comcast owns the Flyers and the Wells Fargo Center, and receives all of the revenue from the premium seating in luxury boxes, concessions, as well as the parking around the arena. One of the reasons Xfinity Live has never expanded beyond what is there now is that it is hard to improve upon the return on investment from the surface parking around the Center (small investment, big financial return). The Sixers, since their sale to Joshua Harris, are just a tenant and do not receive any of this revenue. Just the mention of leaving at the end of their lease, gives the Sixers a lot of leverage with Comcast who will not want to loose the benefit of the Sixers 40+ games a year at the Center. In fact, at this point, Comcast probably wishes they never sold the team. They will try to renegotiate their deal with the Sixers by offering better financial terms to the basketball team. And here is where the speculation gets interesting. The Sixers ownership is very committed to New Jersey. Not only do they now have their new practice facility in Camden, underwritten by the New Jersey Grow tax credit program, but Joshua Harris is the Owner of the Prudential Center in Newark. Does he ultimately move the team to Newark? Or, does he build an arena in Camden wherein he receives all of the luxury box, concession and parking revenue,
and which probably also qualifies for the NJ Grow tax credit. Either way, my guess is that the Sixers are not residents for long in Philadelphia.
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  #12819  
Old Posted Dec 15, 2016, 12:33 PM
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^^^ You were making a ton sense until the end. There is NO WAY in HELL the NBA allows the 76ers to move to Newark, period. The 76ers are regarded as a flagship NBA franchise--Wilt, Dr. J... etc, it's a franchise the NBA wants to see thrive in a big market under the 76ers name-- end of story.
Also, the north Jersey ABA/NBA scenario has been tried since the early 1970s, the Nets. The Nets were never relevant in the NYC sports market--it failed, and they moved to Brooklyn. The NBA doesn't want a third team in the NYC-market, especially if it came about by moving a historic team in a big-time market - Philadelphia.
However, building a brand new arena on Camden riverfront (although I would hate it- I could see), and of course, nothing changes with team name, history etc.
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  #12820  
Old Posted Dec 15, 2016, 1:00 PM
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........ And now for something a little different

Just read this and was wondering , was Philly ever a consideration


DENVER — Oil and gas company BP says it will move headquarters staff from Houston to Denver because of the region's importance as an energy hub.

CEO David Lawler said Wednesday there are increasing business opportunities in the Rockies, where the company has about two-thirds of its oil and natural gas production and proven reserves.
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