PHILADELPHIA | Highrise Development Thread IX

[Gonzo the Great]

Originally Posted by allovertown

Haha I said the same thing. Has to be, both have the exact same eccentric writing style

eccentric |ikˈsentrik|
adjective
1 (of a person or their behavior) unconventional and slightly strange: my favorite aunt is very eccentric.
2 technical (of a thing) not placed centrally or not having its axis or other part placed centrally.
• (of a circle) not centered on the same point as another.
• (of an orbit) not circular.
noun
1 a person of unconventional and slightly strange views or behavior: he enjoys a colorful reputation as an engaging eccentric.
2 a disc or wheel mounted eccentrically on a revolving shaft in order to transform rotation into backward-and-forward motion, e.g., a cam in an internal combustion engine.


...... I had that weird dream again ...........

[PHL10]

Originally Posted by SJBadger

Speaking of posters who haven't been around for a while, where the hell has Cro Burnham been?

I've been wondering that myself. He was one of the key contributors and I was able to post less because he usually voiced my views on this board.

[summersm343]

Comcast takes stake in Steven Spielberg's movie-production company

Read more here:
http://www.philly.com/philly/blogs/comca...Spielbergs-movie-production-company.html

[mcgrath618]

Is there currently anything planned at Race and 15th? That lot has been empty for years now. I'd like to see something sizable go there.

[summersm343]

Originally Posted by mcgrath618

Is there currently anything planned at Race and 15th? That lot has been empty for years now. I'd like to see something sizable go there.

The large empty lot behind PAFA? No, currently nothing. I think PAFA owns the lot. Would like to see something go here. I wish PAFA would partner with a developer for a mixed-use development here.

[Knight Hospitaller]

Originally Posted by summersm343

The large empty lot behind PAFA? No, currently nothing. I think PAFA owns the lot. Would like to see something go here. I wish PAFA would partner with a developer for a mixed-use development here.

Some non-profits seem think that they're not supposed to make money.

[Aaamazarite]

Originally Posted by summersm343

The large empty lot behind PAFA? No, currently nothing. I think PAFA owns the lot. Would like to see something go here. I wish PAFA would partner with a developer for a mixed-use development here.

Parkway owns the lot-- they've been doing a lot of work lately partnering with other developers to get things done, but as we all know, most of those plans don't work out.

[1487]

Originally Posted by Aaamazarite

Parkway owns the lot-- they've been doing a lot of work lately partnering with other developers to get things done, but as we all know, most of those plans don't work out.

Well Hanover and the Home2Suites both happened with Parkway as partners. Their latest proposal is broad and spring garden.

[3rd&Brown]

Slow news year.

Coming on people.

Spill the beans!

[1487]

2017 CC housing report

http://centercityphila.org/uploads/attachments/ciz8shha90i339eqdeyw4c63n-ccr17-housing.pdf

They claim 45k jobs added since 2010 but the BLS indicates its around 57k jobs. Perhaps they don't count public or nonprofit jobs. Always a catch with CCD data to shape their narrative of slow growth.

[summersm343]

^^Center City District usually only counts jobs added in "Greater Center City" and "Greater University City." I'm not sure why... obviously that leaves another 17,000 that could have been added elsewhere in the city.

[summersm343]

Originally Posted by 3rd&Brown

Slow news year.

Coming on people.

Spill the beans!

I told you it was going to be slow because of the Trump election. Investors are hesitant and aren't going to invest in projects until they get a better sense of where the economy is going. Investors don't like uncertainty. We may have a slow year, or at the very least, a slow 2 quarters of the year. On top of that, there are two bills currently in the PA legislator that could seriously destroy Philadelphia. The one is the cut of $600M+ in funding because of the city's Sanctuary status, and the second is a bill that would increase state wage tax, leaving the total income tax in Philadelphia at nearly 10%. A lot of investors are likely waiting to see what happens with these.

[1487]

Originally Posted by summersm343

^^Center City District usually only counts jobs added in "Greater Center City" and "Greater University City." I'm not sure why... obviously that leaves another 17,000 that could have been added elsewhere in the city.

Got you- good point. But you can't calculate overall growth of Philly if you don't count all the jobs. That's slight of hand. What's interesting is they show identical growth rate for city and region.

[hammersklavier]

Originally Posted by summersm343

I told you it was going to be slow because of the Trump election. Investors are hesitant and aren't going to invest in projects until they get a better sense of where the economy is going. Investors don't like uncertainty. We may have a slow year, or at the very least, a slow 2 quarters of the year. On top of that, there are two bills currently in the PA legislator that could seriously destroy Philadelphia. The one is the cut of $600M+ in funding because of the city's Sanctuary status, and the second is a bill that would increase state wage tax, leaving the total income tax in Philadelphia at nearly 10%. A lot of investors are likely waiting to see what happens with these.

I would hope that Wolf can veto both and the legislature doesn't have enough votes to override. Unfortunately what can you do about what's happening at the national level.

[jsbrook]

Originally Posted by summersm343

The large empty lot behind PAFA? No, currently nothing. I think PAFA owns the lot. Would like to see something go here. I wish PAFA would partner with a developer for a mixed-use development here.

I only support a project at 15th and Race if the Wendy's on Chestnut moves there. And also the Popeyes.

[Knight Hospitaller]

^We'll never be a world class city without a Bojangles.

[jsbrook]

Originally Posted by Knight Hospitaller

^We'll never be a world class city without a Bojangles.

Ok. Let's make sure they have a third retail spot for a Bojangles. Now we're cooking with gas!

[Knight Hospitaller]

Originally Posted by jsbrook

Ok. Let's make sure they have a third retail spot for a Bojangles. Now we're cooking with gas!

[summersm343]

Disgruntled customer returns to the Convention Center

The American Society of Cataract and Refractive Surgery, joining with the American Society of Ophthalmic Administrators, has booked its 2022 annual symposium and Congress at the Pennsylvania Convention Center, 20 years after the Cataract group vowed it would never hold another meeting at the center.

"In my over 25 years of involvement in producing meetings from New York to Anaheim to San Francisco and Chicago, I have never been confronted with such a negative labor situation as was experienced in your city," David A. Karcher, executive director of the group, said in a Philadelphia Inquirer interview shortly after the group's last meeting here in 2002. The society canceled its 2008 and 2012 Philadelphia conventions.

To the Philadelphia Convention and Visitors Bureau, which booked the group, the Society's return indicates that word is beginning to spread that the center's labor and management issues are behind it. The Society's convention is one of the largest, expected to draw 13,000 visitors who will spend 37,359 nights in hotel rooms and generate a projected $40 million in economic impact.

http://www.philly.com/philly/business/la...Phillys-Convention-Center-INQ-Labor.html

[jsbrook]

Originally Posted by summersm343

Disgruntled customer returns to the Convention Center



http://www.philly.com/philly/business/la...Phillys-Convention-Center-INQ-Labor.html